topic I deducted taxes from salary (W2) properly. But, I did not pay taxes incrementally with investments (1099div). Do I owe an underpayment penalty related to the 1099? in State tax filing

I deducted taxes from salary (W2) properly. But, I did not pay taxes incrementally with investments (1099div). Do I owe an underpayment penalty related to the 1099?

buyer beware — Wed, 04 Feb 2026 05:44:18 GMT

Can big gains (revealed in 1099-div) result in an underpayment penalty? (Or are underpayment penalties only via the W2?)

MaryK4 — Fri, 11 Apr 2025 20:05:32 GMT

Yes, the underpayment penalty applies to all income, so any investments or other income would require estimated taxes to avoid the penalty.