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Level 1
posted Mar 29, 2021 8:32:02 AM

penalty calculation

I chose to calculate penalty with my current TurboTax preparation.  But now, I want to delete that calculation let the IRS figure out the penalty, if there is any.  Where do I find that calculation and delete it? 

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1 Replies
Employee Tax Expert
Mar 30, 2021 11:49:41 AM

To elect to have the IRS compute your penalty, please follow the instructions below:

  1. Open your return.
  2. Search for underpayment penalty with the magnifying glass tool at the top of the page.
  3. Select the Jump to link at the top of the search results.
  4. Review your underpayment and elect to have the IRS calculate your penalty.