Form 760C only filled out line 1,2,5, 7A, 8 and 10. Form 2210 was filled out on federal form. Filed taxes. Per turbo tax I was due a $5 refund. Got message from state I owed a $58 penalty. Called them, said penalty was due to estimated taxes paid in 4th quarter rather than paid throughout the year. BUT the reason for the estimate taxes was an IRA rollover done in 4th quarter. no way I could pay taxes on something in April that I did not do until December. Form 2210 handled in on Federal side. Form 760C appeared to handle in in 2022 filing when I did similar rollover but 760C did not do any calculations related to estimated taxes and income being received unevenly throughout th e year.
I agree I should not have owed any taxes. I did rollover in 4th quarter, paid estimate taxes in 4th quarter. State agent I spoke with said I owed penalty because I did not pay estimated taxes throughout the year. when I explained the situation, she told me that form 760C was not completed justifying my reason there should not be a penalty. Told me to complete form 760C and send it in. I tried, spent days/hours on phone and doing things trying to get Turbo Tax to fill out form. No success, just lots of headaches. In order to insure no further penalties, I paid the penalty $58. Was not worth spending more of my time on it. Very frustrating. In 2022, I had similar situation, Turbo Tax did fill out form 760C that year and it was determined there was no penalty. In 2023, it did not work. went through all kinds of pain an misery as one agent had me delete all history, caches, cookies, etc. update windows, delete Turbo Tax , reinstall. Just screwd up my computer taking me more hours to get it working properly again. CASE # [number removed]
