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I am not sure why that happened but you can double check your work by completing this online form. Colorado will calculate it for you. Some states have lessened the penalties because of the new state laws.
https://www.colorado.gov/pacific/sites/default/files/DR0204.pdf
Here is an FYI booklet on the subject:
https://www.colorado.gov/pacific/sites/default/files/Income51.pdf
I am not sure why that happened but you can double check your work by completing this online form. Colorado will calculate it for you. Some states have lessened the penalties because of the new state laws.
https://www.colorado.gov/pacific/sites/default/files/DR0204.pdf
Here is an FYI booklet on the subject:
https://www.colorado.gov/pacific/sites/default/files/Income51.pdf
I had the same problem. TurboTax did not calculate or indicate I had a penalty for under payment of taxes. What gives?
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