Form 2210

Forum|Forum|2 years ago
January 29, 2024
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Will Turbotax automatically include the Form 2210 if the the return shows that I owe a penalty for underpayment of my 2023 taxes?

Not A Product Question

VolvoGirl

Employee

If you get a penalty on 1040 line 38. You might be able to eliminate it or at least reduce it. You can go to Federal Taxes tab or Personal tab, under Other Tax Situations and select Start by the Underpayment Penalties. You will answer a series of questions that may reduce or eliminate the penalty. Or you can elect to have the IRS figure the penalty for you. It's from 2210.

It's under

Federal or Personal (for Home & Business Desktop)

Other Tax Situations

Additional Tax Payments

Underpayment Penalties - Click the Start or update button

If you have the desktop program you can switch to Forms Mode (click forms in the upper right (left for Mac)) and open the 2210 form. If the 2210 doesn't show up in the left column, click on Open Forms at the top of the left column. Type 2210 in the search box and open the 2210 form. Check box C to let the IRS calculate it.

Critter-3

Will Turbotax automatically include the Form 2210 if the the return shows that I owe a penalty for underpayment of my 2023 taxes? NO ... only if it is used to reduce the penalty will the 2210 be listed ... the worksheet for the penalty calculation will be included if you save a PDF with all the worksheets.

Click on Tax Tools on the left side of the online program screen. Then click on Print Center. Then click on Print, save or preview this year's return.

Choose the option Include government and TurboTax worksheets