Form 2210

[SBflower]

I am retired so my income doesn’t come in 4 equal installments.

I tried using the Other Tax Situations, Underpayment Penalty  option under Federal Tax –  TT just asked for 2023 data and concluded that there was no penalty (probably due to my payment of 110% of my 2023 tax)

I then tried filling in form 2210 Underpayment of estimated tax using Part II, option C – the annualized income installment method – I filled in my data as instructed.

For Part III Section A – line 11(a) – Turbotax entered an amount and referred to the Tax Payments Worksheet.  But the amount is not on the Tax Payment Worksheet!  I have no idea what this number is. Is this correct?  What do I do now?

[MaryK4]

If you had withholding on your 1099-R, it may have been transferred as the Tax Payment you are seeing for the 2210.  

[SBflower]

Thanks for quick reply.

Yes, I did have a 1099-R, BUT, the number shown by TT on line 11(a) on Form 2210  Part III is not a figure either from any of my1099-R, or on the Tax Payments Worksheet.     Is it supposed to be just a payment made for the first quarter of 2024? 

[DianeW777]

If you would like to send us a “diagnostic” file that has your “numbers” but not your personal information it would help.  If you would like to do this, here are the instructions:  (Don't forget to give us the state)

TurboTax Online:

Open your return -Go to the menu panel on the left side of your return and select Tax Tools. 

1. Then select Tools below Tax Tools. 
2. A window will pop up which says Tools Center.  
3. On this screen, select Share my file with Agent. 
4. You will see a message explaining what the diagnostic copy is.  Click okay through this screen and then you will get a Token number. 
5. Reply to this thread with your Token number and your state. This will allow us to open a copy of your return without seeing any personal information.  

TurboTax Desktop:

If you like, you can send a copy of your return that will be scrubbed to eliminate your personal data by using these steps:

1. Click on Online in the top left menu of TurboTax CD/Download for Windows
2. Select 'Send Tax File to Agent'
3. Write down or send an image of your token number and state then place in this issue.
4. We can then review your exact scenario for a solution.
5. Please also tell us any states included in the return. This is necessary for us to view the return.

We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution. 

@SBflower 

[baldietax]

if you had no penalty because you met the safe harbor by paying 110% of your 2023 taxes, why are you doing Form 2210 AI - it shouldn't be needed; all you need to do is pay any remaining tax owed by 4/15?