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Annualization information not passed from Fed to MA, how to enter?

Forum|Forum|6 years ago
March 13, 2020
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All of my income was in the 4th quarter, so that's when I made an estimated tax payment. I entered annualization information in my federal form so it was handled correctly there. That information (like anything beyond the very basics) was not passed to the MA form, so I'm getting hit with an underpayment penalty.

I can see the form 2210 in my MA return, but not edit it in Forms. It says it is calculated, but doesn't link back to tell me where the calculation came from.

There used to be a checkbox in the dialogs for entering an exception to penalties in past years, which is how I entered it before, this year that is gone.

How can I tell the MA return to annualize my income?

Best answer by KathrynG3

Yes, you can return to this section of your return. Follow these steps to get there in TurboTax:

From the left menu, select State
Continue
Massachusetts click Continue/Edit
You should see You've Finished Your Massachusetts Return
Scroll down to Your Bottom Line and click Update
The third question in starts in with the Underpayment Penalty details

M

MAK70

You will see the Underpayment Penalty Selections-- None apply

2018 Massachusetts Tax Liability- enter amount

Underpayment Penalty--see below

R

rwiegand12Author

Yes, that would be lovely, and the way I handled it in past years. I wish it were that easy!

Now the dialog does not present a section on underpayment penalties at all, and if I navigate to that topic using the Topic List menu it takes me to a window titled "Apply refund to 2020 Estimated Tax?" (pretty completely irrelevant, as far as I can tell), I can enter an amount to apply to 2020 estimated taxes. Clicking the Continue button takes me directly to "Your Massachusetts Bottom Line" with no further questions or choices related to underpayment penalties. It's as if the link in the "Topics List" is pointing to the wrong page. I don't know of another way to navigate to that point, and there is apparently no longer any way to report bugs.

Thank you for responding!