Enter underpayment penalty in the Search box located in the upper right of the program screen. Click on Jump to underpayment penalty
On the Form 1040 the Estimated tax penalty is on Line 38.
Go to this IRS website for information on Penalty for Underpayment of Estimated Tax - https://www.irs.gov/taxtopics/tc306
Yeah I think they did something to the Jump To links.
You might be able to eliminate it or at least reduce it. You can go to Federal Taxes tab or Personal tab, under Other Tax Situations and select Start by the Underpayment Penalties. You will answer a series of questions that may reduce or eliminate the penalty. Or you can elect to have the IRS figure the penalty for you. It's form 2210.
It's under
Federal or Personal (for Home & Business Desktop)
Other Tax Situations
Additional Tax Payments
Underpayment Penalties - Click the Start or update button
Enter underpayment penalty in the Search box located in the upper right of the program screen. Click on Jump to underpayment penalty
On the Form 1040 the Estimated tax penalty is on Line 38.
Go to this IRS website for information on Penalty for Underpayment of Estimated Tax - https://www.irs.gov/taxtopics/tc306