Where is Form 2210, since Turbo Tax has calculated an estimated tax penalty?

[kamull01]

Where is Form 2210: Underpayment of Estimated Tax by Individuals, Estates, and Trusts?? And the Form 2210 Underpayment Penalty Worksheet? Turbo Tax 2024 calculated a penalty of $6, so there should be a worksheet to show how it was calculated.

Turbo Tax calculated this estimated tax underpayment penalty because I did not pay the 1st quarter estimated tax payment on time. Turbo Tax says the penalty is $6. Is this the actual penalty? Or is it a Turbo Tax estimate? After Turbo Tax submits it to the IRS, does the IRS go with the Turbo Tax calculation? Or does the IRS re-calculate it and take a different amount from the refund?

[DoninGA]

Click on Federal Taxes (Personal using Home & Business)

Click on Other Tax Situations

Under Additional Tax Payments

On Underpayment penalties, click the start button

[baldietax]

You can get to Form 2210 by double-clicking on Form 1040 penalty line then double clicking again on the worksheet penalty line to see Form 2210.  From what I've seen Form 2210 doesn't appear in the forms list by default unless you've gone thru the deeper Annualized Income (AI) process for uneven tax by quarter.

$6 isn't an TT estimate it's a final calculation using Form 2210 which is pretty straightforward.  Presumably IRS checks it.  Underpayment penalty rate is currently 8%.  You can also have IRS calculate it and send you a bill, but not worth it for small penalty easily calculated with your return and be done with it.