dmertz
Level 15

Retirement tax questions

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.