If you paid 100% of last years taxes, then you need to fill out form 2210 in TurboTax as you would be exempt from the penalty.
To fill out form 2210 in TurboTax select the following:
- Federal
- Other Tax Situations
- Show more next to Additional Tax Payments
- Start next to Underpayment Penalties
Also, TurboTax bases the payment vouchers on your entries or your prior year taxes. The best way to calculate if you are self-employed is to use QuickBooks Self-Employed and pay what is calculated as due at the end of each quarter.
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