turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Deciphering Your Tax Forms on Feb 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

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

tjswnaka
New Member

If I file an extension, will I have to include the penalty for not recharacterizing by April 15th?

I currently owe the Federal $2262 without the penalty.  If I include the penalty, I owe $2406.  When I file for an extension, I have to mail a check in the amount that I owe the Federal.  Should I paid the $2406 (with penalty) or $2262 (no penalty)?

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.

1 Reply

If I file an extension, will I have to include the penalty for not recharacterizing by April 15th?

If you are getting the penalty abated then the amount without the penalty, if you are not asking for abatement then the total amount should be paid.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question