turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How does TurboTax calculate the underpayment penalty if form 2210 isn’t used?

I there a way to see how TurboTax is estimating the underpayment penalty if I’m not annualizing (i.e. no form 2210). I downloaded all the forms and worksheets but I don’t see anywhere how that number is calculated. 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

How does TurboTax calculate the underpayment penalty if form 2210 isn’t used?

Actually I think form 2210 exists. I just can't see it as it won't download with the forms (I suppose to prevent me from filing as it's not required). I know this because it shows up in the forms I can delete. Unfortunately I can't download individual forms using the online version *sigh*

JamesG1
Expert Alumni

How does TurboTax calculate the underpayment penalty if form 2210 isn’t used?

In TurboTax Online, to view IRS Form 2210 in your 2021 Federal 1040 tax return, view the forms at Tax Tools / Print Center / Print, save or preview this year's return.

 

Use IRS Form 2210 to see if you owe a penalty for underpaying your estimated tax. The IRS will generally figure your penalty for you and you should not file Form 2210. You can, however, use Form 2210 to figure your penalty if you wish and include the penalty on your return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question