Hi All!
I just completed my taxes using Turbotax and it looks like my bill is a pinch over $2K.
As a result of my earnings through employment, I owe the IRS $250 - no big deal.
But I also sold some LT stock last year, the capital gains from which I owe the IRS $1,800 - in and of itself, no big deal, I was expecting this.
But TurboTax is saying that I owe the IRS a penalty of $5, because my tax bill is over $1K.
$5 isn't a problem, but what is going on here? When was I suppose to have paid taxes on that stock sale? It's the only transaction that is causing my bill to be so high.
