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TT shows underpayment.. how do I add a form 2210?

TT shows that I owe an underpayment penalty. However I paid >90% of this yrs tax and >110 % of last yrs tax . I did do a Roth conversion, but sent in a estimated payment in that same quarter. How do I add a form 2210 onto my turbo tax filing? I am 62 and I did retire so I believe I met the exceptions. I did end up owing more than $1000.

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1 Reply
MayaD
Expert Alumni

TT shows underpayment.. how do I add a form 2210?

TurboTax will automatically generate a Form 2210 if your return needs it. Or you can revisit this section:

( You'll need your prior year tax return to answer the questions.)

  1. Sign in to TurboTax and open or continue your return.
  2. Search for underpayment of taxes.
  3. Select the Jump to link in the search results.
  4. The Underpayment Penalties screen will display the penalty amount. Select Continue to review this section and make any needed adjustments.

Instructions for Form 2210 (2023)

Penalty for underpayment of estimated tax

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