Thank you! So I have to annualize to not get an underpayment penalty? Turbotax doesn't seem to suggest that annualizing is required. I know that I qualify to waive the penalty under the "paid 100% of the tax shown on the return for the prior year" case you list. Turbotax should also know this since it has my last year's tax liability. Why does it still think I have a penalty?
If I must annualize, none of my tax documents offer the annualized totals, just the yearly amounts. Do I have to go back and calculate all of my income per quarter manually?
