George4Tacks
Level 15

Is this how you set up the penalty computation?

penalty 1.jpgpenalty 2.jpg

Did you then click the next "tab" for State & Local Int. Rates and enter the UT rates? .

From  https://accountants.intuit.com/support/en-us/help-article/federal-taxes/enter-federal-state-interest...

 To generate interest and penalty amounts for a late return:

  1. Go to the Input Return tab.
  2. On the left-side menu, select Payments, Penalties & Extensions.
  3. Click on Penalties and Interest (2210).
  4. Enter the date this return will be filed in the Filing date field.
  5. On the top navigation menu, select Late Return Penalty & Interest.
  6. Enter 1 in the Interest (1=automatic), Late filing of return (1=automatic), and Late payment of tax (1=automatic) fields
    • The federal interest rates are built into the program.
    • If state interest rates are needed, select State & Local Int. Rates across the top and enter the applicable interest rates.

Answers are easy. Questions are hard!