I'm using the 2023 desktop TurboTax Deluxe for Mac.
I worked thru the "Underpayment penalties" section to see if I could lower my penalty. However, it turns out that by going to all the effort to annualized everything, including quarterly W/H, the penalty is actually higher if boxes C and D in Part II are checked.
However, when I work thru updating the "Underpayment penalties" section by answering NO to "Do you want to annualize your income?" and NO to "... you may elect to treat the tax withheld as paid when it was actually withheld. Would you like to do this?", TurboTax DOES NOT UNCHECK box D! Why not?
I would like to completely reset everything that entered into Form 2210, but there does not seem a way to do this.
Thanks in advance for your help.
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Yes, you can delete Form 2210 and then answer the questions about your underpayment penalties again.
Here's how to do that in TurboTax Desktop:
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