To remove the underpayment penalty in TurboTax due to living in an area declared a major disaster (FEMA DR-4828-FL "Hurricane Helene"), follow these steps:
Steps to Remove Underpayment Penalty
- Open Your Return: Sign in to TurboTax and open your tax return.
- Search for Underpayment Penalty: Enter "underpayment penalty" in the search box and select the "Jump to underpayment penalty" link.
- Apply for Waiver: In the "Other Tax Situations" section, select "Underpayment Penalties" under "Additional Tax Payments."
- Answer Questions: Answer the questions to indicate that you qualify for an exemption due to the disaster declaration.
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