Thank you for the reply RobertB4444!
I ended up calculating that I had already paid 99.2% of my tax liability for federal. Based on the explanation in the TurboTax help, I would not need to pay the underpayment penalty. For state, I am actually due a refund of almost $600. However, TurboTax states that I owe a $25 underpayment penalty.
That seems like a glaring mistake by Turbotax. Could we get an improvement on this kind of problem?
If not, for the amount of time required for me to enter the annualized income information for both federal and state (it would be nice if you only had to do this once) along with the price of TurboTax, I am really considering paying a CPA to do this for me for the same price.
