I have paid $1200 quarterly estimated taxes in WI out of 1461 owed. I have an underpayment penalty. How are my estimated taxes already paid reflected in turbotax?

mnkerstens · ‎June 4, 2019

Why do I have an underpayment penalty in this situation since I have paid quarterly to the state?

TomD8 · ‎June 4, 2019

Did you enter your estimated tax payments into TurboTax? TurboTax doesn't automatically have that information. You must manually enter the information in the Deductions and Credits section under Estimates and Other Taxes Paid.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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TomD8 · ‎June 4, 2019

Did you enter your estimated tax payments into TurboTax? TurboTax doesn't automatically have that information. You must manually enter the information in the Deductions and Credits section under Estimates and Other Taxes Paid.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

I have paid $1200 quarterly estimated taxes in WI out of 1461 owed. I have an underpayment penalty. How are my estimated taxes already paid reflected in turbotax?