You can use Form 2210 in TurboTax to request a waiver of your underpayment penalty.
To get to these screens in TurboTax you can do the following:
- Click on "Search" in the upper right of your screen and
- Type "penalty" in the search box. Then
- Select "jump to penalty".
- This will take you to the screens in TurboTax that address the underpayment penalty.
- The Underpayment Penalties screen will display the penalty amount.
IRS Form 2210 will calculate the penalty for underpaying your estimated taxes. TurboTax will create this form if it is needed for your return.
Please see Instructions for 2210 for more information and to see if you are eligible for a waiver of your penalty.one of those exceptions may apply to your situation.
Click here for "How Do I Add Form 2210?"
Click here for additional information on penalty abatement.
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