turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

DarthVaderKamp
Returning Member

OR Form 10: Underpayment Statement variable withholding

For computing the underpayment penalty Oregon says "Withholding is treated as if it were paid
in equal amounts on the due date for each required installment payment unless you can show that it was paid differently. " I can show that it was paid once, early in the year. How can I get TurboTax to generate OR Form 10: Underpayment Statement showing this?

 

I owe more than $1000 and completed the Underpayment Interest (Form 10) section. When I selected the annualized income method, the following screen allows me to annualize my income but not my withholding.

 

Untitled.jpg

When I hit Continue, TurboTax creates the Underpayment Statement form below showing the withholding evenly distributed across all 4 quarters ($233/$234 each) even though all $933 was withheld in the first quarter.

 

Untitled 2.jpg

This results in underpayment penalties I do not owe so I would like to know if/how I can force TurboTax to list all my withholding in the first quarter where it occurred. BTW, there are extra questions in the Federal interview that allow this but not in the Oregon interview and I cannot force the change directly in Forms.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question