Oregon Tax Payments on Real Property Conveyances

Tax Payments on Real Property Conveyances
2023 Form OR-18-WC, Report of Tax Payment or Written Affirmation for Oregon Real Property Conveyance, 150-101-284
Clear form

2023 Form OR-18-WC

Office use only

19402301010000
Oregon Department of Revenue

Page 1 of 2, 150-101-284
(Rev. 08-09-22, ver. 01)

Report of Tax Payment or Written Affirmation for
Oregon Real Property Conveyance
Submit original form—do not submit photocopy

If the transferor is a grantor trust or LLC solely owned by a C corporation not doing business in Oregon, or a nonresident individual,
check the appropriate box. Complete this form using the owner’s information, not the information of the grantor trust or single member
LLC, because those entities are disregarded for tax purposes.
Use this form only if the transferor is an individual who would report gain on Form OR-40-N or OR-40-P, or a nonresident C corporation
that would report income on Form OR-20 or OR-20-INC. Other types of transferors are not subject to these requirements.
Transferor is
(check one):

C corporation not doing business in Oregon (filing Form
OR-20 or OR-20-INC)

Nonresident individual (filing Form OR-40-N or OR-40-P)

Part A—Transferor information
First name (if individual filing)

Initial

Last name

Social Security number (SSN)

–
Spouse first name (if individual filing)

Spouse last name

Initial

–

Spouse SSN

–

–

C corporation legal name (if a corporation)

C corporation federal employer identification number (FEIN)

Transferor address

Transferor daytime phone

–
–

–

City

State

Address of property conveyed

Percentage of ownership interest in
property

City

State

/

Undeveloped land

Transferor tax year end date (mm/dd/yyyy)

/

/

.

Date acquired (mm/dd/yyyy)

ZIP code

Type of property conveyed (check all that apply)

Specially assessed

ZIP code

Date sold (mm/dd/yyyy)

/

/

Farm use

Acquired as gift

%

/

Rental property

Other:

Personal residence with taxable gain

Part B—Authorized agent information
Authorized agent first name

Initial

Last name

Agent FEIN

–
Agent address

Agent daytime phone

City

State

–

–
ZIP code

Type of authorized agent:
Escrow agent

Attorney

Other:

Part C—Exemption (transferor)
To be completed by transferors who have an exempt transfer, (all others, skip this section and go on to Part D). By signing this form, I
(we) hereby affirm that I am (we are) the transferor(s) of the property described in Part A, and that as of the date of closing, I (we) have
knowledge, or have received advice from a tax professional, that there is no tax likely to be due under Oregon Revised Statutes (ORS)
Chapters 118, 316, 317, or 318. Check the appropriate box and sign the form. Don’t complete parts D through F.
Transferor’s entire gain is exempt under IRC Section 121 for personal
residence sale.

Transferor is acting under judicial review.

Consideration (total sales price) is $100,000 or less.

Transfer is in lieu of foreclosure for no additional monetary consideration.

Sale is under foreclosure, forfeiture, or writ of execution.

Transferor is a resident of Arizona, California, Indiana, or Virginia; and expects
zero Oregon tax because of credit for taxes paid to their home state.

2023 Form OR-18-WC
Oregon Department of Revenue

Page 2 of 2, 150-101-284
(Rev. 08-09-22, ver. 01)

19402301020000

Part D—Calculation of gain (transferor)
To be completed by transferor if no exemption is checked in Part C. Enter the amounts you are using to determine your adjusted basis
of this property. Federal and Oregon are generally the same. If you have additional increases or decreases to basis, attach a separate
sheet with your calculations.
.00
	 1.	Purchase price of property............................................................................................................	1.
.00
	 2.	Capital improvements...................................................................................................................	2.
.00
	3.	Costs directly related to the purchase of the property.................................................................	3.
.00
	 4.	Add lines 1 through 3....................................................................................................................	4.
.00
	 5.	Allowable depreciation..................................................................................................................	5.
.00
	 6.	Adjusted basis. Line 4 minus line 5...............................................................................................	6.
.00
	 7.	Selling costs directly related to conveyance not included above.................................................	7.
.00
	 8.	Line 6 plus line 7...........................................................................................................................	8.
.00
	 9.	Consideration. Amount of seller’s share of sales price...............................................................	9.
.00
	10.	Gain on sale. Line 9 minus line 8................................................................................................ 	10.
	11.	Excludable gain from nonrecognition section under federal law.
.00
		Enter IRC section ____________________................................................................................... 	11.
.00
	12.	Taxable gain. Line 10 minus line 11. If zero or less, enter 0...................................................... 	12.

Part E—Calculation of tax payment (authorized agent)
Complete if there is taxable gain on line 12, and no exemption in Part C.
	13.	Multiply line 9 by 4% ............................................................................................................... •
	13.
	14.	Enter the net proceeds “cash to seller”................................................................................... •
	14.
	15.	Multiply line 12 by 8% ............................................................................................................. •
	15.
	16.	Tax payment. Enter the smallest from lines 13, 14, or 15....................................................... •
	16.

.00
.00
.00
.00

Part F—Payment information (authorized agent)
Complete if there is a tax payment on line 16.
• Individuals: Claim as tax payments from real estate transactions on your Oregon Form OR-40-N or Form OR-40-P.
• C corporations: Claim as payments from real estate income on your Oregon Form OR-20 or Form OR-20-INC.
Mo

Date paid for 2023 tax year

/

Day

Year

/

Payment amount from line 16 $

.00

Transferor(s) sign here. Under penalty of false swearing, I (we) declare that the information on this form is true, correct, and
complete. If the amount on line 16 is $0, no tax payment is being made. Corporate officers, fiduciaries, or other qualified persons
signing on behalf of the taxpayer(s): By signing, I also certify that I have the authority to execute this form.
Transferor signature

X

Spouse signature (if applicable)

X

Date

/

/

/

/

Date

Authorized agent provides a copy of this form to the transferor and also keeps a copy for six years from the date signed.
Authorized agent: Mail original form within 30 days of closing, or within 20 days from disbursal if making a payment.
Write “Form OR-18-WC” and the last four digits of the transferor’s SSN or FEIN on the check. Include the payment with
Form OR-18-WC and send to:
Oregon Department of Revenue	
PO Box 14555
Salem OR 97309-0940