Form 2210 Line 19 Column (a) calculation error

Forum|Forum|5 years ago
March 25, 2021
2 replies
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Form 2210 Line 19 Column (a) should be the sum of all estimated tax payments and tax withholdings through 7/15/20. I made estimated tax payments on 4/10 and 6/10 and they accurately appear on the "Tax Payments Worksheet", but only the payment from 4/10 is being included in the aforementioned calculation. The payment from 6/10 was not included. In fact, the 6/10 payment isn't reflected in any column on Line 19. As a result TT isn't calculating the underpayment penalty correctly. Is TT aware of this issue? When will it be fixed. Ironically the calculation was correct when I last saved my return earlier this month, but downloading program updates today seems to have introduced this error.

MakersAuthor

Level 4

How can I confirm whether or not TT is aware of this issue?

Anonymous

I, too, have encountered this very same error! Likely an error made in re-working the code for Form 2210 in order to deal with special 2020 situation of postponing Federal tax due dates from 4/15 to 7/15, effectively "merging" both 1st and 2nd quarters together into a single period for underpayment/overpayment calculation purposes; I think they got the withholding portion of line 19 correct, but messed up for the estimated tax portion.

Any idea/feedback/responses regarding when to expect this might be fixed?

MakersAuthor

Level 4

Right. Withholdings make it to Line 19 correctly, but not second quarter tax payments. Reporting total payments made thru 7/15 as a single payment is a workaround, but I can’t imagine the bug itself not being fixed, or at the very least instructing users to combine estimated payment entries as outlined above.

Anonymous

After fiddling with various ways of entering the Est Tax payment amount on TurboTax's "internal" Tax Payments Worksheet, I found the following workaround to be fairly straightforward and easy to implement:

In order to have the correct amount appear in column (a) of line 19 of Form 2210, the list of Fed Est Tax payments entered/recorded for TurboTax's "internal" Tax Payment Worksheet is deliberately "tweaked" in a certain way, carefully maintaining the correct Total of such payments. Specifically, what would have been the second entry in the list of payments on that Worksheet gets recorded as a pair of payments, in the following amounts: $0 and the true amount of the payment. This pair of payments then become the second and third
entries in the list of Fed Est Tax payments on that Worksheet. (The essential "trick" seems to be make the second entry in the list of Fed payments on the worksheet be a zero-value "throwaway" entry, because it will be ignored by the calculation error. It's sort of analogous to how the second column of Section A of Form 2210 is not used, or ignored, due to combining the first 2 quarters of 2020 into the first column of that form.)

For example, in my case, an actual Fed Est Tax payment made on 6/15/20 in the amount of $2,300 is recorded as a payment of $0 (as the second entry in the list) and another payment of $2,300 (as the third entry in the list) , both on the same date.