TT does not add Underpayment Penalties to the owed amount

TT tells me that I owe $120 Underpayment Penalties and I agree although my calculation is $124 (went through an excel 2210 form manually).

TT also says "The balance due on your return includes this $120 penalty"

Problem: That is not true. It does not include it.

How can I resolve this?

483

1 Best answer

Level 15

Jul 12, 2020 5:24:30 PM

Yes it does. It is added up to line 23. Follow the math. Subtract line 19 from 16. Is that the amount on line 23? Plus line 24.

Level 15

Jul 12, 2020 5:24:30 PM

Yes it does. It is added up to line 23. Follow the math. Subtract line 19 from 16. Is that the amount on line 23? Plus line 24.

Level 2

Jul 12, 2020 5:39:38 PM

Sorry, Yes, it does.

I am not much familiar with TT. Tax Summary in Tools shows it clearly.

Thank you.