TurboTax is recommending I make estimated tax payments in 2018. When I decline this, it then asks "Are you SURE you do not want to prepare estimated taxes for 2018?" and tells me that my tax situation suggests that I should and if I do not, I may owe an underpayment penalty.
However, TurboTax has also calculated that I am due a federal refund. Why would I need to pay estimated taxes in 2018, if I've actually overpaid in 2017? What is the logic?
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The program prints those vouchers as a suggestion. If you are certain that you don't need to make estimated tax payments, just disregard those vouchers. See the TurboTax FAQ below for additional explanation.
https://ttlc.intuit.com/replies/3301872
Thanks for the additional details. We took a distribution from an IRA and that is what must have triggered the payment vouchers, even though we got a refund.
I also took a large distribution from my 401k this year and rolled it immediately over to an IRA, and this year, TurboTax keeps "insisting" that I need to make large Estimated Tax payments for 2021. I came to this forum to research this very question. Sure enough, it seems to be the 401k distribution that triggered TurboTax's "insistence." It's a little annoying. The program KNOWS I rolled the distribution over and that it's a non-taxable event. So .... Oh, well. I just thought I'd chime in, too, in case others encounter the same thing.
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