You'll need to sign in or create an account to connect with an expert.
Yes, TurboTax will calculate any underpayment penalty that you may owe on your 2018 return. It will appear on Line 23 on Form 1040 this year.
If you are asking because you don't want TurboTax to calculate this penalty, then you can go through the interview section for Underpayment Penalty and there is an option to remove the penalty and have the IRS calculate the penalty instead (they will send you a bill for it).
Yes, TurboTax will calculate any underpayment penalty that you may owe on your 2018 return. It will appear on Line 23 on Form 1040 this year.
If you are asking because you don't want TurboTax to calculate this penalty, then you can go through the interview section for Underpayment Penalty and there is an option to remove the penalty and have the IRS calculate the penalty instead (they will send you a bill for it).
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
nykemajackson
New Member
kelster2
New Member
Raph
Community Manager
in Events
Raph
Community Manager
in Events
dewdew
Level 1