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In the discussion thread: I broke a record this tax year [View all]

Response to question everything (Reply #8)

Sat Jul 18, 2020, 03:09 PM

9. Well, I hope this isn't the situation in Minnesota - TurboTax told me I couldn't file my MN return

electronically because I had a $1 penalty (ONE DOLLAR!!!) for underpayment of estimated tax. So I snail-mailed the damn thing a few days ago. (Complicating factor: I really didn't owe a $1 penalty, but I would have to fill out a form where I "annualize" my income to get rid of that penalty, and my time is worth more than a dollar that a good blue state like Minnesota needs anyway)

On 2nd thought, I'm not expecting a refund from MN though (I ended up owing money), so if it takes them months to process, no big whoop to me.

I also had a $2 penalty for the same reason on my federal taxes, but fortunately TurboTax let me file that electronically, which I did back in April. (I ended up owing them money too. And like the Minnesota case, I could have made the penalty go away by "annualizing", but I have better things to do with my time).

Ooops, forgot to mention if I did annualize, I would have to snail mail my return in, so that effort wouldn't save me the printing and postage anyway.

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Steelrolled Jul 2020 OP
Rhiannon12866 Jul 2020 #1
PoindexterOglethorpe Jul 2020 #2
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captain queeg Jul 2020 #3
progree Jul 2020 #4
PoindexterOglethorpe Jul 2020 #6
progree Jul 2020 #7
question everything Jul 2020 #8
LineLineNew Reply Well, I hope this isn't the situation in Minnesota - TurboTax told me I couldn't file my MN return
progree Jul 2020 #9
Steelrolled Jul 2020 #10
question everything Jul 2020 #11
progree Jul 2020 #12
Steelrolled Jul 2020 #13
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