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June 6, 2019
Question

Does TurboTax automatically calculates underpayment tax?

  • June 6, 2019
  • 1 reply
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1 reply

Employee
June 6, 2019

It automatically calculates a penalty based on your entries.  To make sure all the data is correct for the calculation, go through the underpayment penalty interview.  Type the words underpayment penalty in the Find box on the upper right, hit enter, then the JumpTo.