If I need to withdraw more than I had planned in my earlier estimated tax payment calcs, am I correct that as long as my underpayment for the year is under $1000 I will not need to be concerned about penalties? Eg. If my total taxes for the year come to $2000 and I payed $1050 in estimated payments, I am only $950 short and will not owe a penalty since I am underpaid less than $1000.
Also does TT process form 5805 for CA underpayment.
Thanks
