bug underpayment calculation

[tsully2]

The federal carryover worksheet correctly shows the tax liability for 2023. However, the amount entered on Form 2210, part 1, line 8 shows a higher number. This discrepancy causes a penalty to be calculated when it should be zero.

[KeshaH]

If you'd like, we can look at your return and see exactly what you see to  help come to a resolution. The return will be scrubbed and won't include any of your personal details.

If you're using TurboTax Online:

Once you're logged in to your account,

- on the left hand panel, click on Tax Tools and then choose Tools

- on the pop up window, select Share my file with Agent

- you'll see a message saying you'll give us a copy of your tax return. Your personal information will be changed so we can't see any private information.

- click okay and you'll get another message with a token

If you're using TurboTax Desktop:

• Click on Online in the top menu of TurboTax Desktop for Windows
• Select 'Send Tax File to Agent'
• Write down or send an image of your token number and state then place in this issue.
• We can then review your exact scenario for a solution

Please reply to this message with your token so that we can further assist you. Let us know all the states, if any, that are included on the return.

[tsully2]

I've sent a token number as instructed, and I always get this back-

Delivery incomplete

There was a temporary problem delivering your message to  [email address removed].xxx."  Gmail will retry for 21 more hours. You'll be notified if the delivery fails permanently.

[VolvoGirl]

You need to post the token number as a reply to this thread.  If it filters out the number you can post a screen shot of the token number.   You can't email Turbo Tax back.  

[tsully2]

My token number is--

1014455090-76066007

[tsully2]

trying again-

1  0 1 4 4 5 5 0 9 0

[tsully2]

Is there a reason I have not received a response to my question after having sent my token number?

[KeshaH · Accepted solution]

Thank you for sending your token.

When your income is over $150,000, your safe harbor for estimated payments is 110% of your prior-year liability. Line 8 of Part I of Form 2210 is 110% of your 2023 tax liability. You would have needed to pay the lesser of this number or 90% of your current year liability to avoid the underpayment penalty.

@tsully2 

[tsully2]

Thank you.