IRS Form 2210 (Underpayment of Estimated Tax by Individuals, Estates, and Trusts) calculates the underpayment penalty if you didn't withhold or pay enough taxes during the tax year.
Form 2210-F is a variation if you made at least 2/3 of your gross income from farming or fishing.
We'll automatically generate a Form 2210 if your return needs it. Or you can revisit this section:
Note: You'll need your prior year tax return to answer the questions.
To review your penalties and/or make adjustments
- Sign in to TurboTax and open or continue your return.
- Search for underpayment of taxes.
- Select the Jump to link in the search results.
- The Underpayment Penalties screen will display the penalty amount. Select Continue to review this section and make any needed adjustments.
Note: If you see No Underpayment Penalty, you either haven't entered your income and/or estimated tax payments yet, or you aren't subject to an underpayment penalty.
