I want to redo my underpayment penalty section but I don't see any way to do it. It just takes me to screen that says,
Based on your entries you don't have a penalty for underpayment of estimated taxes.
Do you want to review the estimated taxes topic?
How can I make new entries?
You'll need to sign in or create an account to connect with an expert.
To calculate and generate 2022 estimated taxes (1040-ES vouchers), please follow the steps below:
I don't wish to generate estimated taxes but I want to recompute my underpayment penalty. Is their a formula for calculating underpayment penalty?
How to add form 2210 for Underpayment Penalty
https://ttlc.intuit.com/community/tax-payments/help/how-do-i-add-form-2210/00/25703
It's under
Federal or Personal (for Home & Business Desktop)
Other Tax Situations
Additional Tax Payments
Underpayment Penalties - Click the Start or update button
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