My income as an independent contractor in the 4th quarter of 2016, as reported on 1099-MISC forms, was over 21,000 with a taxable income of approximately 19,000 dollars. I also had income reported on a W-2 for which withholdings were made in the first 3 quarters of 2016. I did not make a quarterly estimated payment on my 4th quarter independent contractor income.
Is Turbotax taking this lack of a quarterly estimated payment into account? If yes, where can I see that it is taken into account? If not, why not and how should I determine how much I need to pay and how should I submit the penalty payment?
