Form 2210 Update in order to use Short Method to calculate penalty

Receiving an error indicating that I have to check the box to have IRS calculate the penalty or await an update from Turbotax.

I want to use the 'Short Method' to calculate the penalty. When will the update be available from Turbo Tax?

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Expert Alumni

Feb 16, 2021 5:08:43 PM

Form 2210 for Underpayment of Estimated Tax is scheduled to be available 2/25/2021.

Click this link for a list of Federal Forms Availability.

This article details How to Avoid Estimated Tax Penalty.

New Member

Mar 2, 2021 9:26:16 AM

Program error not corrected with the 2/25/21 program updates. Please help!! This is delaying my e-filing.

Intuit Alumni

Mar 2, 2021 2:15:43 PM

TurboTax is aware of errors related to calculating underpayment penalties on Form 2210. The problem has been reported and is under investigation. Taxpayers can continue to e-file with the option of deleting the form and allowing the IRS to calculate any underpayment penalty for you.

How do I delete a tax form in the TurboTax CD/Down...

How do I view and delete forms in TurboTax Online?

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Form 2210 Update in order to use Short Method to calculate penalty