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Level 2

Question

1120S CA State Underpayment $40

Forum|Forum|6 years ago
February 11, 2020
4 replies
13 views

I'm working through the state 1120S form and I get to a certain point and TurboTax notifies me they've calculated that I have an underpayment of $40, in additional to the annual fee of $800.
There's no explanation of why this is owed. Please help?

TurboTax Business Windows

Level 15

You may need to contact phone support so they can pinpoint your specific issue.

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

Level 2

I have the same issue, Turbotax Business told me that I owe an underpayment penalty based on my input on 2020, S-Corp pass K1 to owner, why there is an underpayment penalty? Is it somewhere I input wrong?

Thanks for your help.

Level 2

anyone could help for this issue? ready to file now.

thanks

Level 2

anyone could help for this issue?

thanks