Was your 2015 tax return transferred to this year's return by TurboTax?If this is your first year filing your tax return with TurboTax or if you did not transfer your 2015 return, you need to enter last year's tax liability in TurboTax.To do this please follow these steps:Click on Search on the top right of your screenIn the search box, type underpayment penaltyIn the search result page, click on Jump to underpayment penaltyTurboTax will take you through a questionnaire where you can enter your 2015 tax liability.

Question

Turbo Tax is showing an estimated tax penalty, but I meet one of the exceptions - my 2016 payments were more than 100% of my 2015 tax.

Forum|Forum|7 years ago
June 5, 2019
1 reply
0 views

No text available

TurboTax Free Edition Online

M

MinhT1

Was your 2015 tax return transferred to this year's return by TurboTax?

If this is your first year filing your tax return with TurboTax or if you did not transfer your 2015 return, you need to enter last year's tax liability in TurboTax.

To do this please follow these steps:

Click on Search on the top right of your screen
In the search box, type underpayment penalty
In the search result page, click on Jump to underpayment penalty
TurboTax will take you through a questionnaire where you can enter your 2015 tax liability.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"