Hi,
I am looking for some help with an underpayment penalty determination.
TurboTax indicates that I owe a $50 penalty even though I have 110% more in withholding and estimated taxes than my tax liability for 2024.
I sold a vacation condo in September, which significantly increased my tax liability. Last year I owed $38852 in taxes. For tax year 2025 I had $21,815 withheld and paid estimated taxes in the amount of $21,027 for a total of $42,842 (more than110 percent of the previous year liability). My additional taxes due are about $49,000.
I started preparing Form 2210. However, because Part 1 does not ask for estimated tax payments (only withholding), the result is that I may owe a penalty, and it appears I would need to do a lot of further calculations to reduce or avoid the penalty.
It seems like I should not open this door based upon the 110 percent safe haven rule. (1) Am I missing something? (2) is there a way to avoid doing all the additional calculations?
Thank you.
posted
last updated
February 22, 2026
3:57 PM