Regarding 2023 Oregon Tax Liability

[oreredbird]

I do not understand the section:

"Oregon"

"2023 Tax Information"

"Enter your 2023 Oregon tax.  We use this information to calculate any underpayment penalty." 

Why does TurboTax require inputting tax information if it pulled all information from 2023 taxes done with TurboTax? 

Why would I owe interest for liability?  Shouldn't my taxes have been calculated by Turbo Tax correctly the first time? 

Or, if I, using Turbo Tax, did everything correctly in 2023, I should be able to just put "0" and owe no interest?

This section makes no sense and there isn't any explanation to clarify.  If I put in line 24 which is the closest I can tell what this is asking for, I would owe interest payment for under paying.  Why???

[KeshaH]

TurboTax is asking for your 2023 liability to determine if you made your required minimum payment toward your 2024 liability to avoid an underpayment penalty. You may be liable for an underpayment penalty on your 2024 return because you have a balance of at least $1,000 due on your 2024 Oregon return. This penalty is not related to your 2023 tax return.

You can avoid the underpayment penalty on your 2024 return by paying - for the 2024 tax year - the lesser of 90% of your 2024 tax liability or 100% of your 2023 tax liability. This is why TurboTax is asking for your 2023 liability (safe harbor). It's not assessing a penalty on your 2023 return. This penalty on your 2024 return is strictly related to your 2024 tax liability and payments.

You'll need to enter the amount of tax (after credits) from your Oregon return. Review your 2023 Form OR-40. The amount you want is the amount on line 31 minus the sum of lines 36, 37, 38, and 39.