It says I have to fill out a "Form 2210: IRS to Figure Penalty Box" or wait for an update in Early February. When is that update expected?

The form 2210 is scheduled to be released 2/11.  The IRS is not accepting returns until 2/12 so you can wait and still get your return into the IRS on the 1st day of processing.

Here is the listing of form availability in TurboTax

The form 2210 is used to calculate any underpayment penalty.  We are all required to deposit 100% of the previous years tax or 90% of the current years tax to not incur an underpayment penalty.  If you balance due is less than $1000, you will not be charged an underpayment penalty.

When will be form available to file ?

as of this morning  02/26/21 not available yet 

I'm using Turbotax Home and Business 2022.  I notice on the Smart Check, on Form 2210: Underpayment of Estimated Tax, it's forcing me to checkbox IRS to Figure Penalty Box.

Is this the same issue as before that I need to wait until second week of Feb for Turbotax to get updated?

I know that I have to pay some penalty.  Why can't Turbotax calculate it for me?

Thanks,

Charles