TT Premier Mac Version - where is the option to opt out from tax Penalty calculations?

In my 1040 form line 38 Estimated Tax Penalty is generated. But there is no "quick zoom" option to drill down to the review the underneath Form 2210.

In 2022 I was able to override the tax penalty numbers by selection the option to quarterly income breakdown, but the same option is not available under 2023.

Please help!

1666

Expert Alumni

Mar 21, 2024 8:58:09 AM

For 2022, entering numbers in the quarters, you annualized your income. The option is still available in 2023. Go back into the program and go through that section. When it asks if you want to annualize, select yes. That will allow you to make the entries.

Level 15

Mar 21, 2024 9:06:54 AM

Look 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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TT Premier Mac Version - where is the option to opt out from tax Penalty calculations?