Oregon FIA-40P and Schedule Z Farm Income Averaging

FIA-40P and Schedule Z Farm Income Averaging
2023 Schedule OR-FIA-40-N, Oregon Farm Income Averaging for Nonresidents, 150-101-161
Clear form

2023 Schedule OR-FIA-40-N
Page 1 of 2, 150-101-161
(Rev. 11-01-23, ver. 01)

Oregon Department of Revenue

Office use only

01442301010000

Oregon Farm Income Averaging for Nonresidents

First name

Initial Last name

Social Security number (SSN)

Spouse first name

Initial Spouse last name

Spouse SSN

–
–
Tax on 2023 income without elected farm income

–
–

Federal column

Oregon column

	 1.	 Enter your 2023 income after subtractions from Form OR-40-N,
.00
.00
lines 34F and 34S...................................................................... 1a.	1b.	
	 2.	 Enter your 2023 elected farm income from Oregon sources
from federal Schedule J, line 2a, or from Form OR-40-N,
.00
.00
line 18S...................................................................................... 2a.	2b.
.00
.00
	 3.	 Line 1 minus line 2 in both columns.......................................... 3a.	3b.
	4.	Recomputed Oregon percentage. Line 3b divided by
.
line 3a (not more than 100%)...................................................... 4.	%
	 5.	 Divide the amount shown on line 42 of your 2023 return by your
Oregon percentage on line 35, then multiply the result by
.00
the recomputed Oregon percentage on line 4, above................... 5.
.00
	 6.	 Enter the amount, if any, from your 2023 return, line 43.............. 6.
.00
	 7.	 Add lines 5 and 6..................................................................................................................................... 7.
	8.	Taxable income without elected farm income.
.00
Line 3b minus line 7................................................................................................................................. 8.
	9.	Recomputed tax. Figure the tax on the amount on line 8
.00
using the 2023 tax rate charts................................................................................................................. 9.

One-third of 2023 elected farm income
	10.	 Line 2b divided by three........................................................................................................................ 10.

.00

	Tax on base year income from Schedule OR-FIA-COMP
	11.	 Base year 2020. Enter the recomputed 2020 tax from
Computation for base year 2020, Computation A, line 10;
Computation B, line 8; or Computation C, line 4................................................................................... 11.
	12.	 Base year 2021. Enter the recomputed 2021 tax from
Computation for base year 2021, Computation A, line 10;
Computation B, line 8; or Computation C, line 4................................................................................... 12.
	13.	 Base year 2022. Enter the recomputed 2022 tax from
Computation for base year 2022, Computation A, line 10;
Computation B, line 8; or Computation C, line 4................................................................................... 13.
	14.	 Add lines 9, 11, 12, and 13.................................................................................................................... 14.
	

.00
.00
.00
.00

Computation of 2023 tax
For this section, if you used FIA to figure your tax for any base year, see the instructions for the amounts to enter
on lines 15, 16, and 17. Otherwise, enter the tax amounts for each base year as directed.
	15.	 2020 tax:
Enter the tax from your 2020 Form OR-40, line 20, OR-40-N,
line 46, or OR-40-P, line 45.................................................................................................................... 15.
	16.	 2021 tax:
Enter the tax from your 2021 Form OR-40, line 20, OR-40-N,
line 46, or OR-40-P, line 45.................................................................................................................... 16.
	17.	 2022 tax:
		 Enter the tax from your 2022 Form OR-40, line 20, OR-40-N,
line 46, or OR-40-P, line 45.................................................................................................................... 17.
	18.	 Add lines 15, 16, and 17........................................................................................................................ 18.

.00
.00
.00
.00

2023 Schedule OR-FIA-40-N
Page 2 of 2, 150-101-161
(Rev. 11-01-23, ver. 01)

Oregon Department of Revenue

01442301020000

Computation of 2023 tax (continued)
	19.	 Tax using FIA. Line 14 minus line 18.................................................................................................... 19.
	20.	 Tax without using FIA. Using the 2023 tax rate charts, figure
the tax on the amount on line 45 of your nonresident return.
Enter the result here............................................................................................................................... 20.
	21.	 Is line 19 less than line 20? If yes: Enter the amount from line 19
here and on line 46 of your return, and check box 46a.
If no: FIA doesn’t reduce your tax. Complete your return
without using FIA................................................................................................................................... 21.

­—Don’t include this schedule with your Oregon return. Keep it with your records.—

.00
.00
.00