CA form 5806

Forum|Forum|6 years ago
March 13, 2020
4 replies
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A Turbotax Business update has added CA form 5806 (Underpayment of Estimated Tax by Corporations). The form includes calculation by quarter of whether estimated tax was underpaid. The form (in Part II) clearly states that the form does not need to be filed if there was no underpayment. I have no underpayment, but TT flags an error and says I need to fill in additional details later in the form (Part IV). These details are not needed since the form does not need to be filed, according to both the TT form and the CA FTB instructions.

How can I get the TT program to stop flagging this as an error?

3/19/2020: I note that the solution from @MikeSoCal949 only works for those that want FTB to calculate their underpayment. Users still needing to use the program to do the calculation are unable to use this solution.

TurboTax Business Windows

Best answer by MikeSoCal949

RESOLVED!

I ran into the same problem, and finally found a work-around that allowed me to transmit:

1. Delete CA return and start over using the instructions via the following link:

https://ttlc.intuit.com/community/state-taxes/help/how-do-i-clear-my-state-return-in-the-turbotax-for-windows-software/00/26263

2. Start the new CA return fresh. HOWEVER, immediately after the first couple of screens where you verify company info, and BEFORE getting to the screen where you enter how much tax you've already paid, you select FORMS in the top-right, then choose Form 5806 in the left navigation area, to display the form, THEN CHECK BOX B in the large framed box near the top with the title "Form 5806 Smart Worksheet". When you check Box B, with description "Check this box if you want the FTB to calculate the underpayment penalty for this corporation. Form 5806 will not calculate", you'll notice the remaining fields are all blanked out.

3. Click on the Step-by-step icon in the top right, and continue with your CA return.

You should have no issues with that form after that!

Mike

AnotherUser

Level 2

I am having the exact same issue - To resolve it, since the form does not apply to me, I try to delete the form, and the form appears to be deleted, but subsequent checking simply flags the same fields in the supposedly deleted form and I can't move past this.

Why is this happening, and how do we get out of it?

torstr

Level 2

ditto for me as well I need this fixed so I can file.

bill_s2Author

Level 4

I checked and found that form 5806 is not included in the "required forms for filing" so it won't get submitted. It's still not clear why this form was added and why its calculations result in error declarations that are not correct.

AnotherUser

Level 2

Were you able to complete and file despite the errors?

danielliu8

Level 2

Yes, I have same problem, I got 5806 error in CA state tax. I am not comfortable to file my CA state tax with this 5806 error. Looks like it is a bug in Turbotax software. I am unable to delete 5906 form either. Please let us know if any solution. thanks