Why does Form 2210 for 2020, that was just released, appear to complete Part IV incorrectly for column (a) and (b) overpayments?

[staustin1]

Those overpayments are not carried forward to columns (c) and (d) line 20.

[ChondelLO]

TurboTax is aware of errors related to calculating underpayment penalties on Form 2210. The problem has been reported and is under investigation. Taxpayers can continue to e-file with the option of deleting the form and allowing the IRS to calculate any underpayment penalty for you.

How do I delete a tax form in the TurboTax CD/Down...

How do I view and delete forms in TurboTax Online?

[staustin1]

In my case, since I use the annualized method exception to eliminate the penalty, it is not an option for me to delete Form 2210.  When will this issue be resolved?

Thank you,

[JeanneLO]

This reported error is still be worked on. An estimated date is not yet available.

@staustin1

[staustin1]

Turbo Tax latest updates, as of 3/10/2021 have only made the issue more incorrect. Now overpayments from 2019, applied to 2020 estimated payments , are not being reflected on Form 2210 and therefore, the 7/15/2020 column (a) on Form 2210 Part IV, in my case, now incorrectly reports and underpayment. When will this be corrected?

[kwpTaxcpa]

It's fixed now.