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Question

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?

Forum|Forum|11 months ago
April 11, 2025
1 reply
0 views

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

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