You receive an estimated tax penalty when you have an amount due on your taxes. This is called an underpayment penalty.
There are some exceptions to the penalty. If you paid 100% of your prior years tax liability in 2023 or if you paid 90% of your tax liability for 2023.
You can go back to Other Tax Situations>>Underpayment Penalties to see if you can get rid of the underpayment penalty.
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