Turbo Tax 2020 not adding Form 2210 for underpayment penalty

ez060961 · Feb 7, 2021 9:23:21 PM

Hello, I have an underpayment penalty this year. Turbo Tax correctly calculates my penalty but does not add form 2210 to my return. It then shows an error during the error checking phase, and clicking on the "fix errors" button only allows me to click the checkbox to have the IRS calculate the penalty for me. I do not want the IRS to calculate the penalty. I want to pay my penalty now when I file my taxes. How can I get Turbo Tax to generate Form 2210 for me? Do I have to add Form 2210 manually? If so, how? Thanks in advance for your help!

Form 2210 does not get filed unless a box is checked in Part II. Like you, TurboTax calculated a penalty on Line 38 of my 2022 1040, and added the penalty amount in on Line 37. I completed Form 2210 myself to see how the penalty was calculated. It's a little cumbersome, but I came within $1 of the penalty amount on Line 38. When I added two days to the date that I entered to pay my 2022 taxes, I matched the penalty amount exactly. So, TurboTax must add two business days for the time that it takes for the ACH payment to post to the IRS.

In my case, I received no notice from TurboTax while completing my 2022 federal taxes online that I had a penalty. I couldn't see the penalty on Line 38 until I was done and had downloaded my return.