I did a Roth rollover in Dec 2024. Paid Estimate Tax in 1/6/2025.
Turbo Tax said will get a refund but have a small Extimated Tax Penalty I was trying to clear by
Doing the Annualized Income Installation Method
When I got to the section tittled
Date of Payment
Enter the date you paid or will pay your balance due.
We use this date to determine the underpayment penalty amount you'' be charged.
If the balance due won't be paid before the unextended file deadline of this return
you can leave this blank.
Date you'll Pay the Balance Due ....... I enter 01/06/2025
TurboTax responds in red
Date you'll pay the balance due cannot be before the current date
But it said "Enter the date you paid or will pay your balance due."
How can it NOT accept a date before the current date..... a bug?
I also posted that in a similar/same question started by MathewsII a few days ago
A future date must be entered in the annualization section. The payment on January 6, 2025 should be included in your estimated tax payments in the federal portion of your tax return. The final estimated payment for 2024 is January 15, 2025.
I have same issue when computing the penalty. I didn't use the Annualized method. but for the date paid (I paid on April 5 when file extension ) cannot enter the date which the payment made.
It doesn't matter whether you annualized or not , you have to choose the date to enter. I think it's bug. Can expert confirm it?
my understanding is it's the date you'll pay what is due on your final return which will be in the future if you're still preparing to file that return. If you paid in April with extension you would input that payment under Other Tax Situations / Other Income Taxes and that will reduce the amount due on your final return. If you still owe some balance/penalty on the final return, that's the date it's asking for here, not the April date.