turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes & Forms (2024) on Mar 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

snowyrain
New Member

CA Form 5805 Line 5 is incorrectly using 2024 tax amount (from Line 2) instead of imported 2023 amount.

Well this seems buggy... Turbotax Premier (Mac desktop) said I owe a penalty for underpayment of CA estimated taxes.  A bit surprised, I checked Form 5805.

 

Why is Line 5 using the amount from 5805 Line 2 (the 2024 tax amount)?  It's supposed to be using the 2023 tax amount which I see does show up correctly on the California Carryover Worksheet Line 2.  This issue is causing incorrect underpayment calculation on 5805 Wks II.

 

I have the latest updates installed.  I've tried creating a new tax return and the issue still occurs.  Please help!

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
snowyrain
New Member

CA Form 5805 Line 5 is incorrectly using 2024 tax amount (from Line 2) instead of imported 2023 amount.

Correction: It's not causing incorrect underpayment calculation on 5805 Wks II.  I do owe underpayment penalty due to my circumstances.  The value shown in Line 5 still seems incorrect but doesn't make a difference in the calculation.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question