Line 54 should be zero after completing line 52 & 53.
2. Enter “RC” and the amount you want waived in parentheses on the dotted line next to line 54. Subtract this amount from the total shortfall you figured without regard to the waiver, and enter the result on line 54.
The amount "waived" is line 52 minus 53 that goes NEXT to the line 54 box and 0 (zero) in the line 54 box.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
