topic Can someone provide assistance with an underpayment penalty determination that does not appear to comply with the 110% safe haven rule? in Retirement tax questions

Can someone provide assistance with an underpayment penalty determination that does not appear to comply with the 110% safe haven rule?

user17715173406 — Sun, 22 Feb 2026 23:57:56 GMT

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.

Re: Can someone provide assistance with an underpayment penalty determination that does not appear to comply with the 110% safe haven rule?

baldietax — Mon, 23 Feb 2026 02:00:34 GMT

dupe of this?

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-form-2210/01/3794732#M362121

Re: Can someone provide assistance with an underpayment penalty determination that does not appear to comply with the 110% safe haven rule?

user17715173406 — Mon, 23 Feb 2026 15:18:45 GMT

Yes. I did not think this post had gone through. So, I sent the other post out the next day.

Thanks