Hi Leonard,
I appreciate your reply. I get it that the taxes are a "pay as you go" arrangement, but I sold stock at the end of the year, and paid the taxes for that sale within the same quarter. I paid more than I owed. My issue is that Turbo Tax is saying that I should have paid estimated taxes on a asset in the three quarters prior to the sale.
It would be a similar situation if someone becomes self-employed in June and pays estimated taxes for the last half of the year, but gets dinged for not paying estimated taxes for the first two quarters of the year that he was unemployed.
The Federal portion of Turbo tax didn't penalize me, just the Oregon state portion.
