A one time distribution from my IRA in Dec 2019 has generated a penalty. I am trying to fill out the form 2210, how do I check "line D"? I would rather check line C

april15federalta · ‎March 26, 2020

MarilynG1 · ‎March 26, 2020

You may qualify for an Exception to the Penalty.

Click this link for more info on Underpayment Penalty

.

You can Delete Form 2210 from your return and let the IRS calculate your Penalty, if any.

[Edited 03/26/2020 | 4:25 PM]

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

dmertz · ‎March 26, 2020

How being a one-time IRA distribution qualify for an exception to the tax underpayment penalty? I don't think there is any such exception. Deleting the Form 2210 will just result in TurboTax automatically recreating it.

If TurboTax is calculating a penalty, TurboTax should be offering you the option to use the Annualized Income Method.

A one time distribution from my IRA in Dec 2019 has generated a penalty. I am trying to fill out the form 2210, how do I check "line D"? I would rather check line C

Retirement tax questions

Retirement tax questions