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Returning Member
posted Oct 4, 2023 6:55:59 AM

TurboTax not recognizing safe harbor from underpayment in CA

How do I get TurboTax to recognize safe harbor from underpayment of tax penalty on the CA state return? The software is calculating an underpayment penalty despite meeting requirements (110% of last year's tax liability, AGI<$1M) and I don't see a way to input my last year's tax liability or otherwise indicate safe harbor.

 

Also, how do I get TurboTax to add Schedule P (AMT)? I think it's required for safe harbor, but I can't get the software to include it in the final return.

 

I hope I'm missing something obvious and you can correct me. Thanks for your input!

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1 Replies
Level 15
Oct 4, 2023 9:42:52 AM