Can I not pay a penalty on 2210 if I didn't close on the house until the fourth quarter? obviously i couldn't pay an estimated tax since I had not sold the house.

[LeeM · Accepted solution]

Possibly, you should try to directions below to annualize that income and see if you truly owe that penalty.

Tip: To reduce or possibly even eliminate your underpayment penalty,  search for "annualizing your tax" (use this exact phrase) inside TurboTax. This will take you to the underpayment penalty section, and we'll take you through the steps to possibly reduce your underpayment penalty. (Note: If you don’t see "Jump to annualizing your tax" make sure you’re in your return, and not still on the Tax Home page.)