Solved

TurboTax 2024 not transferring F2210 data to MA State return

Forum|Forum|1 year ago
February 18, 2025
1 reply
0 views

This problem (identified in title) was posted yesterday on the Bogleheads forum (https://www.bogleheads.org/forum/viewtopic.php?t=449881 ). Apparently, the TT Help Desk eventually acknowledged the bug and will plea to higher ups to fix it.

I am hoping someone from TT will respond to this post and indicate when the bug will be fixed.

Best answer by AnnetteB6

On the Federal Form 2210, the total annual income that is divided throughout the year is the Adjusted Gross Income (AGI) shown on the Federal return. On the MA Form 2210, the total annual income that is divided throughout the year is the sum of the total taxable 5% income (from Form 1 line 21) and the taxable long-term capital gains (from MA Schedule D line 21).

These amounts are not the same, so the user must enter the breakdown for the annualized method on both the Federal return and the MA return in order to use that method to reduce the underpayment penalty.

[edited 3/11/2025 | 6:45 am PST]

@williasp

W

williaspAuthor

Any feedback from TT would be appreciated. This bug needs to be fixed ASAP.

A

AnnetteB6Answer

On the Federal Form 2210, the total annual income that is divided throughout the year is the Adjusted Gross Income (AGI) shown on the Federal return. On the MA Form 2210, the total annual income that is divided throughout the year is the sum of the total taxable 5% income (from Form 1 line 21) and the taxable long-term capital gains (from MA Schedule D line 21).

These amounts are not the same, so the user must enter the breakdown for the annualized method on both the Federal return and the MA return in order to use that method to reduce the underpayment penalty.

[edited 3/11/2025 | 6:45 am PST]

@williasp

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

D

dal1447

AnnetteB6,

Everything you say is correct. However, there a problem with TurboTax Massachusetts code.

There are a lot of hits about this problem, if you Google.

The problem is that after you complete "Part 3. Annualized income installment method" on MA Form M-2210 in TurboTax and the results show you do not owe any penalty (the reason for completing the form), TurboTax does not efile MA Form M-2210 because TurboTax incorrectly believes that because you won't incur a penalty, TurboTax doesn't need to include MA Form M-2210 in the efile and doesn't.

If the MA Form M-2210 is not included in the efile, the Massachusetts DOR assumes uniform income and withholdings. The reason M-2210 needs to be included is to inform the MA DOR that you had uneven income and withholdings. Without MA Form M-2210, the state has no knowledge of your uneven income.

My refund was less than what TurboTax showed to be my refund because the MA DOR penalized me by $55 for underpayment, which would not have been the case if TurboTax had included the MA Form M-2210 I completed in TurboTax.