Hello Tax Experts,
I just attempted to complete my 2024 taxes and I notice that TurboTax has included "UnderPayment Penalty" for the following two sources of income:
- Sale of Stocks
- Grants of RSUs : Employer does not seem to have calculated and deducted the taxes as needed.
The above two factors have caused "taxes due" for me and accordingly Turbo Tax is adding Underpayment Penalty.
Question is - is there a way to avoid this as this was beyond my control. I couldn't have asked my employer proactively to deduct more taxes and similarly I don't think there is a way for me to asking my brokerage to withhold taxes.
I would really appreciate your help and pointers to save me some money 🙂
Regards
Chandra.
