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samjain
Returning Member

calculations for estimated tax penalty

HI,

   I am doing my 2023 taxes and am due a refund. Turbotax is still showing that I owe a $20 penalty. It maybe because I made a large estimated tax payment in dec 2023 (~ 14% of my final tax). My issue is I am unable to find any form or worksheet that shows me the calculation that turbo tax has made to arrive at this penalty number (I printed the "tax return, all calculations worksheets" option). Some sections of the return suggest that it is calculated in a form2210.. but I am unable to find that form. Can you help me find that form in my returns?

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1 Reply

calculations for estimated tax penalty

in the jump to box type 2210. then click on the 2210 penalty worksheet. 

 

You're not the first to complain about this issue and TurboTax should offer an easy solution like an option to print it when electing to see all forms and calculation worksheets.

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