Underpayment penalty-Actual Withholding question
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
Level 3

Underpayment penalty-Actual Withholding question

I need to pay some Federal underpayment penalty for 2018.

In the 'Actual Withholding' section, I tried to use 'elect to treat the tax withheld as paid when it was actually withheld' option.

Then I changed my mind and realized that I should use the default 'four equal quarterly installments', but even I selected 'No' for 'elect to treat the tax withheld as paid when it was actually withheld', Turbox tax still uses my original input for 'actual withheld' but never goes back to equal quarterly installments.

How should I let Turbox abandon my inputs and use the default values?



1 Reply
Anonymous
Not applicable

Underpayment penalty-Actual Withholding question

have you deleted the actual info  in forms mode, go to 2210 and delete it.  it should repopulate with the actual info you entered. 

Dynamic Ads
v
Privacy Settings