Currently I have a client who is underpaid, significantly, for tax year 2020. The program is not calculating the California underpayment penalty. The form simply says "Exception met". I do not see how there is an exception for their situation. They did have a refund in the prior year. Anyone else having this same issue?
Just for fun what are:
2019 withholding + estimates
2020 withholding + estimates
If you look at the Forms view, you can actually see all the pages of the 5805, that might give away the answer. I don't doubt Lacerte could screw this up, but it seems unlikely.
If everyone is asking about the CA 540, form 5805 then possibly you have an entry in Screen 8 for Form 2210 options (Ctrl + T) [O] in the State column.
Go to forms view and select CA, then check the Show all and look at the 5805. Look at page 5 and see what is c computing there. Maybe you can see something there that solves this problem.