This is the description of Hunted Shot and TT is similar:
"You take two quick shots against the one you hunt. Make two Strikes against your prey with the required weapon. If both hit the same creature, combine their damage for the purpose of resistances and weaknesses. Apply your multiple attack penalty to each Strike normally."
After reading this it looks like I take two shots and have to take the attack penalty on the second one, HOWEVER, this only takes one action. So then does my second action take the THIRD attack penalty? And what about my 3rd action?
The understanding I believe I came to this morning was this: If this is your first attack, no penalty on either shot. If this is your second attack in the round, both shots take the multiple attack penalty of -5 (or whatever it is for you) and likewise if it's your third attack in the round.
Does that sound right? The wording just isn't clear.