Form 2210: Line 8 is too small (check this entry)

Forum|Forum|3 years ago
July 13, 2022
1 reply
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I am preparing our 2021 1040 tax return. Last year we had a large refund (17K). This year I'm getting an error stating the Form 2210 Line 8 is too small during error check. It's a large negative number (-19k). Not sure if I should ignore this or do I need to adjust?

TurboTax Home & Biz Windows

dmertz

Level 15

Last year's tax liability cannot be less than zero. If you used TurboTax for your 2020 tax return, this would have carried over on the Carryover Worksheet from line 6 of your 2020 Carryover Worksheet.

It seems likely that you made an error by manually entering the negative value as your last year's tax liability, replacing the value carried over from your 2020 TurboTax tax file. This entry is either 100% or 110%, depending on your AGI, of last year's tax liability. Revisit Other Tax Situations -> Additional Tax Payments -> Underpayment penalties and correct the entry on the 2020 Tax Liability page by entering the 2020 value from line 6 of the 2020 Carryover Worksheet.

SwagginsBAuthor

Level 2

Hi- Thanks for the quick response. I had not visited the Underpayment Penalties questionnaire. I went to it and the value for 2020 tax liability is -17,652 (prefilled by program). That was the amount of our refund last year. I also checked form 2210 and the value for line 6 is -17,652. I didn't enter that figure manually, rather it was brought over from last years taxes by TT. Should I just check the 2020 return last year for net amount of taxes paid? If so where would I find that?