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Deductions & credits
Form 2210 is for anyone who has an underpayment of tax and Form 2210-F is specifically for farmers and fishermen. A result such as yours can come about if estimated tax was due and was paid late. In other words you can have a refund and a penalty for late payment.
In your situation, you can complete the annualized method which will show that you were not required to send in an estimated tax payment earlier because you had additional taxable income in the fourth quarter and you did pay the estimate. The IRS does not know when the money came in, nor can TurboTax know that you have a special situation where money was not received evenly throughout the year.
The article below will help you to complete the annualized portion to potentially eliminate your penalty.
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