Form 2210 Not Incorporating Form 7202 COVID Tax Credit

[Anonymous]

COVID Tax Credit for Self-Employed (Form 7202) is a refundable tax credit that figures in to the 1040 through Schedule 3--"Other Payments and Refundable Credits".

Therefore, it must also be incorporated into "refundable tax credits" on line 3 of form 2210,  or it results in an erroneous penalty.

For now, I should override, right?  I'm not a tax attorney or accountant...and don't even play one on TV.

I realize that tax form 2210 isn't final yet for 2020.  That's not a helpful excuse when estimated taxes are due in 2 weeks.  This is my best guess...am I wrong?

[DoninGA]

Line 3 of the From 2210 should include the qualified sick and family leave credits from Schedule(s) H and
Form(s) 7202 (Schedule 3 (Form 1040), line 12b).  So overriding this line will work.  Just remember to remove the override after completing your calculations.

Form 7202 and Form 2210 are scheduled to be available on 01/28/2021 (subject to change)

Go to this TurboTax website for IRS forms availability - https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_fed_online_individual.html

[Anonymous]

A minor point...

I also had to override line 4 because, for some reason, TurboTax Mac desktop didn't incorporate the line 3 override into the line 4 amount.

However, it used--like it should have--the line 3 override in Line 18 of Form 2210A.

[Critter-3]

Again be aware ... you must undo any overrides you did in the FORMS mode before you efile   or they could keep you from efiling and does void the accuracy guarantee.