Thanks VolvoGirl.
I navigated to the penalty section under Turbo tax and it asked for all the withholding that I had paid in various quarters. However, that does not include the advance tax that i paid myself (no W-2 for it since it was an employee stock related gain).
It asked when i paid or will pay the balance. I entered an estimated date of 04/05/22 and it asked me if i would like IRS to waive the penalty and then an explanation. I am thinking of writing about this unexpected income and the net investment income tax which i was charged. Do you think this is fine or should i pay the penalty?
I am not too keen to fill the form to let IRS calculate the penalty.
Any advice around this would help....
Thanks again,
