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March 10, 2025
Question

I want to see my 2024 AGI in preparation for mitigating my underpayment penalty. How can I see this?

  • March 10, 2025
  • 4 replies
  • 0 views
I can't see line 11 of the 1040 until I finish and pay for my tax preparation. However, I need this information to prepare my taxes.

    4 replies

    DoninGA
    Employee
    March 10, 2025

    You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

    VolvoGirl
    Employee
    March 10, 2025
    Employee
    March 10, 2025
    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    VolvoGirl
    Employee
    March 10, 2025

    Do you need your 2024 AGI or the 2023 AGI? If you have a penalty on 1940 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 form 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.