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Level 2
January 27, 2022
Question

TT 2021 Desktop Form 2210 wrong calculations

  • January 27, 2022
  • 3 replies
  • 0 views

In my copy of TurboTax Desktop 2021, TurboTax is calculating a penalty for late payment, on Form 2210 Part III - Penalty computation lines 10 to 19. However, the amount of estimated tax payments calculated as paid by July 15th is only taking into account the 1st quarter of 2021, ignoring payments made during the 2nd quarter of 2021.
Also, that part of the form itself seems to have been copied from 2020 and not updated, since it only has columns figured for payment dates column (a) 7/15/20, column (b) blank, column (c) 9/15/20, column (d) 1/15/21!

    3 replies

    Level 15
    January 27, 2022

    You are right. Form 2210 has not been finalized for CD/Download. The form is expected to be final on February 24.

     

    For the latest on federal forms availability see Federal Individual Form AvailabilityFederal Individual Form Availability.

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    tax4maxAuthor
    Level 2
    January 27, 2022

    Is there any way around this or do I need to wait for a fix in the form calculation before I can file my federal return? It looks to me like the up to date for 2021 Form 2210 is available for download from the IRS website at this time.
    Thanks.

    DoninGA
    Level 15
    Level 15
    January 27, 2022

    @tax4max wrote:

    Is there any way around this or do I need to wait for a fix in the form calculation before I can file my federal return? It looks to me like the up to date for 2021 Form 2210 is available for download from the IRS website at this time.
    Thanks.


    You need to wait for the Form 2210 to be finalized and available in TurboTax on 02/24/2022

    Level 15
    January 27, 2022

    you're  right the desktop deluxe form for 2021 does not conform to the IRS version 

    Level 3
    March 4, 2022

    It amazes me that the IRS hasn't intervened and shut down TT yet over these errors.  There are many in their program---2210AI is only the tip.