Before filing, I want to have the IRS calculate any underpayment penalty. How do I do this in TurboTax?
03462
3 Replies
LukeG
Intuit Alumni
Jun 1, 2019 4:39:12 PM
You can check if your penalty is included by looking at line 79 of your Form 1040.
To do so:
1. Go to Tax Tools on the left-hand side.
2. Go to Tools.
3. Go to View Tax Summary.
4. Click Preview my 1040 from the left-hand side.
lucycarothers
New Member
Jun 1, 2019 4:39:13 PM
I would like to submit my taxes without the penalty and let the IRS determine if I owe the penalty. In years past I have been able to do this by unchecking a box C on the form where the penalty is calculated. Can I still do this with Turbo Tax?
lucycarothers
New Member
Jun 1, 2019 4:39:14 PM
I would like to submit my taxes without the penalty and let the IRS determine if I owe the penalty. In years past I have been able to do this by unchecking a box C on the form where the penalty is calculated. Can I still do this with Turbo Tax?