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Error in Calfironia return calculation of quarterly payments
I received a penalty on my California return. TruboTax calculates underpayment of quarterly payments for California as if it was the same as in 2022, but it is not. We had until October 16, 2023 to file and pay taxes, but Turbo Tax calculates as if the taxes were underpaid throughout the year because in 2022, 60% of California tax was due by June 15. Paying Tax before Oct 16, 2023, was acceptable to California, but TurboTax doesn't know that, and produces a California Penalty.
‎April 1, 2024
6:26 PM