Turbo Tax calculated underpayment penalty for us. I believe that was due to unexpected salary hikes which happened 3 times during the year between me and my spouse. Those was not possible to predict. TT is offering to annualize our income, however it does not give the instructions on how to do that.
Our income last year was from 3 main sources: W2 (the largest), Interest and ESPP sale (both qualified and non-qualified and both - short term and long term). Do we have to enter ALL of it? If so, is it possible to get some more instructions on what should we be looking into our pay checks as well as how do we properly enter our 1099-B by those periods?
