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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Paul Senior who wrote (98440)3/30/2008 10:52:55 PM
From: Gold Beach  Read Replies (1) of 206307
 
I experienced one problem with Turbo Tax. I sold a lot of stock last November to capture the long term capital gains tax. 95% of my income occurred in November. And I had inputted all of the stock sales on their Schedule D including the November sale dates. Yet Turbo Tax said I owed over $6,000 for underpayment of estimated taxes throughout the year.
That dollar amount showed up on line 77 of the Form 1040. When I printed out the finished return it did not include Form 2210.

I opened their Form 2210 found elsewhere, put a check mark in the Part II C box, completed Schedule AL, and then Parts I and IV.

Line 77 on the Form 1040 was now blank and form 2210 printed out along with the rest of my return to be sent to the IRS.

Anybody else experience this problem with Turbo Tax?

Don
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