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Fillable Printable Schedule Or-Asc

Fillable Printable Schedule Or-Asc

Schedule Or-Asc

Schedule Or-Asc

First name and initial
Spouse’s first name and initial
Social Security number (SSN)
Spouse’s SSN
Last name
Spouse’s last name
Use Schedule OR-ASC to claim any of the following that aren’t included on Form OR-40:
Additions. Carryforward credits.
Subtractions. Refundable credits.
Standard credits.
Identify the code you’re claiming and enter the information requested in the corresponding section.
For more information, refer to the instructions beginning on page 2.
Oregon Department of Revenue
15601601010000
2016 Schedule OR-ASC
Oregon Adjustments for Form OR-40 Filers
Submit original form—do not submit photocopy.
Office use only
Page 1 of 1, 150-101-063 (Rev. 12-16)
—You must include this schedule with your Oregon income tax return—
Section 1: Additions (codes 102–163)
Section 5: Refundable credits (codes 890–895)
Section 2: Subtractions (codes 300–360)
Section 3: Standard credits (codes 802–815)
1a
5a
2a
3a
1c
5c
2c
3d
1e
5e
2e
3g
1g
1i
2g
2i
3j
3m
1b
5b
2b
3b3c
3f
3i
3l
3o
1d
5d
2d
3e
1f
5f
2f
3h
1h
1j
2h
2j
3k
3n
Amount
Amount
Amount
Amount
State abbreviation
(if claiming code 802)
Code
Code
Code
Code
Enter total on Form OR-40, line 13
Enter total on Form OR-40, line 27
Enter total on Form OR-40, line 30
Enter total on Form OR-40, line 8
Enter total on Form OR-40, line 36
Section 4: Carryforward credits (codes 835–865)
4a
4e
4i
4m
4q
4b
4f
4j
4n
4r
4c4d
4g4h
4k4l
4o
4s
4p
4t
Amount from prior yearAmount awarded this yearTotal claimed this yearCode
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
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.00.00.00
.00.00.00
.00.00.00
.00
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Clear form
2
150-101-063 (Rev. 12-16)
New information
Forms and schedules. We have changed many of our forms
and schedules to provide a more consistent format and to
include a shorthand name so they’re easier to find. Please
read each form and publication carefully as other items
may have changed. For more information, visit us at www.
oregon.gov/dor.
Subtractions
ABLE (Achieving a Better Life Experience) accounts.
Oregon now has a subtraction for contributions made to
an ABLE account for the benefit of a person with a dis-
ability. For more information about this subtraction, see
page 5.
Marijuana business expenses. There is a new subtrac-
tion for certain business expenses incurred by licensed
sellers, distributors, and growers of marijuana in Oregon.
See Publication OR-17 for more information.
Special Oregon medical subtraction. For tax year 2016,
you or your spouse must be age 64 or older on December
31, 2016 to qualify for the subtraction.
Credits
Expired credits. The following credits expired as of Jan-
uary 1, 2016 and cant be claimed on the 2016 tax return:
working family child care (WFC) credit; credit for the
elderly or disabled; the Individual Development Account
withdrawal credit; the credit for employer dependent
care assistance (carryforward still allowed); loss of use of
limbs; and the credit for low-income caregivers. The wolf
depredation credit is no longer available as the wolf was
taken off of the Endangered Species List in 2016.
Working family household and dependent care
(WFHDC) credit. This refundable credit replaces the
child and dependent care credit and the working family
credit. For more information about the WFHDC credit,
see Schedule OR-WFHDC.
Residential energy credit. The credit for installing resi-
dential alternative fuel devices has increased to 50 per-
cent of the cost or $750, whichever is smaller. See Publica-
tion OR-17.
Rural health practitioners credit. The rural medi-
cal credit qualifications have changed. See Publication
OR-17.
Biomass production/collection credit. The amount
allowed for animal manure decreased per wet ton.
Contact the Oregon Department of Energy for more
information.
University Venture Development Fund (UVDF). Begin-
ning with tax year 2016, the credit is 60 percent of the
contribution, limited to $600,000. The credit is claimed in
one year, with a three year carryforward.
Individual Development Account contribution credit.
This credit is limited to $500,000 per year.
Form instructions
If you have more items than will fit on a single schedule,
provide the codes and amounts on additional schedules
and add the total to your tax return. Include all the sched-
ules with your Form OR-40.
If you are claiming multiple items (additions, subtractions,
or credits) with the same code, report the items together.
Enter the code only once and add the claimed amounts
together.
Round all cents to the nearest dollar. For example, $99.49
becomes $99.00, and $99.50 becomes $100.00.
Section 1: Additions (codes 102–163)
Additions are items the federal government doesn’t tax but
Oregon does. For detailed information regarding additions,
refer to Publication OR-17, at www.oregon.gov/dor/forms.
Did you limit itemized deductions on your federal return
because your federal adjusted gross income exceeded the
threshold amount? If so, you may need to complete a work-
sheet to determine the correct addition amount for item-
ized deduction add backs for Oregon credits. The itemized
deduction limit worksheet is available in Publication OR-17.
Step 1: Complete the table in Section 1 with the code and
amount reported for each addition. Each code
should only be listed once.
Step 2: Fill in the total of all additions. Enter this amount
on Form OR-40, line 8.
Section 2: Subtractions (codes 300–360)
Subtractions are items the federal government taxes but
Oregon doesnt. See below for information regarding com-
monly claimed subtractions. For detailed information
regarding these and other subtractions, refer to Publication
OR-17.
Step 1: Complete the table in Section 2 with the code and
amount reported for each subtraction that isnt
listed on the return. Each code should only be
listed once.
Step 2: Fill in the total of all subtractions. Enter this
amount on Form OR-40, line 13.
Federal pension income [code 307]. You may be able to sub-
tract some or all of your taxable federal pension included
in 2016 federal income. This includes benefits paid to the
retiree or the beneficiary. It does not include disability pay-
ments if you have not reached the minimum retirement age.
The subtraction amount is based on the number of months
Instructions for Schedule OR-ASC
2016
3
150-101-063 (Rev. 12-16)
of federal service or points earned before and after October
1, 1991:
If all your months of federal service or points were
before October 1, 1991, subtract 100 percent of the tax-
able amount of federal pension income you reported on
your federal return.
If you have no months of service or points before Octo-
ber 1, 1991, you cannot subtract any federal pension.
If your service or points occur both before and after
October 1, 1991, subtract a percentage of the taxable
federal pension income you reported on your federal
return. To determine your percentage, divide the months
of service or points earned before October 1, 1991, by the
total months of service or points earned before Octo-
ber 1, 1991, by the total number of months of service or
points earned. Round to three places (example: 0.4576 =
45.8 percent). Once you determine the percentage, it will
remain the same year to year.
For more than one pension, figure the percentage and sub-
traction amount separately for each pension. Add the sepa-
rate amounts together to be reported on one line of Sched-
ule OR-ASC.
Federal pension subtraction formula:
Months of service or
points before 10/1/91
x
Federal pension
amount included in
federal income
=
Oregon
subtraction
Total months of
service or points
Federal education credits (tuition and fees deduction)
[code 308]. Did you claim the American Opportunity or
Lifetime Learning credit on your federal return? If so,
you were not allowed a federal tuition and fees deduction
because you claimed the federal credit. Because Oregon
does not have credits similar to the American Oppor-
tunity or Lifetime Learning credits, you can subtract the
federal tuition and fees deduction on your Oregon return
up to the amount you would have been allowed on your
federal return. You can claim the lesser of the federal limit
($4,000 or $2,000, depending on your income) or your actual
expenses. You can’t claim the deduction if:
You file married filing separately;
You can be claimed as a dependent by another person; or
Your federal modified AGI is more than $80,000 ($160,000
if filing married filing jointly).
Oregon 529 College Savings Plan deposits [code 324].
You can subtract deposits made to an Oregon 529 College
Savings Plan. The combined total claimed under the
ABLE account deposits subtraction and the Oregon 529
College Savings Plan deposit subtraction cannot exceed
$4,620 for joint returns ($2,310 for all other returns). If you
contribute more than your limit, you can carry forward the
remaining contribution not subtracted over the next four
years. Rollovers from other 529 plans into an Oregon 529
plan are considered new contributions and qualify for the
subtraction as long as they were not previously included
in the subtraction. Keep a copy of your account statement
with your tax records. For more information, go to www.
oregoncollegesavings.com or call 1 (866) 772-8464.
Special Oregon medical subtraction [code 351]. If you or
your spouse were age 64 or older on December 31, 2016 and
have qualifying medical and/or dental expenses, you may
qualify for the special Oregon medical subtraction. See the
2016 IRS Publication 502 for types of qualifying medical
and dental expenses. You cannot subtract medical and den-
tal expenses:
For anyone under age 64;
For dependents, regardless of their age; or
That have already been deducted on your return.
You may not claim a subtraction if your federal adjusted
gross income exceeds $200,000 ($100,000 for those who file
single or married filing separately). Use the worksheet on
page 4 to determine the amount of your subtraction.
Shared expenses. Did you have medical expenses or dental
expenses for more than one person? If so, you must deter-
mine which expenses belong to each qualifying taxpayer.
Start by totaling all expenses for each qualifying taxpayer.
If you have expenses that are for more than one person,
such as insurance premiums, split the expense by the most
reasonable method. For example, two qualifying taxpayers
filing jointly who paid $4,000 in insurance premiums dur-
ing the year would split the expenses in half, or $2,000 each.
For more information and examples on how to split shared
expenses, refer to Publication OR-17.
Special Oregon medical subtraction worksheet instructions
For worksheet lines 1 through 7, complete column A for
yourself first and then complete column B for your spouse
using the following instructions.
Line 1: Medical and dental expenses for each taxpayerIf
you were age 64 or older on December 31, 2016, enter your
total qualifying medical and dental expenses. See “Shared
expenses” above for information about splitting expenses,
such as insurance premiums. If your medical expenses
were not included in your itemized deductions (federal
Schedule A, line 1) or you didnt itemize your deductions,
skip lines 2–4, enter the amount from line 1 on line 5, and
go to line 6. If you don’t have qualifying expenses or were
not age 64 or older on December 31, 2016stop. You dont
qualify for the subtraction based on your expenses or age.
Complete column B for your spouse to see if you can still
qualify for the subtraction based on their expenses or age.
Line 2: Total medical and dental expensesEnter the
total medical and dental expenses claimed as an itemized
deduction (Schedule A, line 1).
Line 3: Divide line 1 by line 2 and round to three decimal
places. For example, 0.7308 is rounded to 0.731.
Line 4: Enter the lesser of the medical and dental expenses
claimed on line 1 of your Schedule A or the amount claimed
on line 3 of your Schedule A.
Line 5: Multiply line 3 and line 4 and round to whole dol-
lars. For example, $101.49 is rounded to $101.
4
150-101-063 (Rev. 12-16)
Line 6: Enter the maximum allowable medical subtraction
for your filing status and federal adjusted gross income
from the table. Dont enter more than $1,800.
Line 7: Enter the lesser of line 5 or line 6.
Line 8: Add the amounts from line 7 column (A) and col-
umn (B). This is your special Oregon medical subtraction.
Enter this amount on the Schedule OR-ASC, section 2, using
code 351.
Special Oregon medical subtraction worksheet
Column (A)
You
Column (B)
Spouse
1.Medical and dental
expenses for each
qualifying taxpayer.
1. 1.
2.Total medical and
dental expenses
(Schedule A, line 1).
2. 2.
3.Divide line 1 by line
2 and round to three
decimal places.
3. 3.
4.Enter the lesser of
the expenses claimed
on line 1 of your
Schedule A, or the
amount on line 3 of
your Schedule A.
4. 4.
5.Multiply line 3 by
line 4 and round to
whole dollars.
5. 5.
6.Maximum allowable
medical subtraction
from the table.
6. 6.
7.Enter the lesser of
line 5 or line 6.
7. 7.
8.Add line 7, columns
(A) and (B), and enter
the total. This is
your special Oregon
medical subtraction.
8.
If your filing
status is:
And your
federal adjusted
gross income from
Form OR-40, line 7 is:
Then your
maximum
allowable
medical
subtraction
per taxpayer
meeting
the age
requirement
is:At least—
But less
than—
Married filing
jointly; or
Head of
household; or
Qualifying
widow(er)
-0-$50,000$1,800
$50,000$100,000$1,400
$100,000$200,001$1,000
$200,001 or more-0-
Single; or
Married
filing separately
-0-$25,000$1,800
$25,000$50,000$1,400
$50,000$100,001$1,000
$100,001 or more-0-
Example 1: Brennan and Maggie were ages 65 and 64 on
December 31, 2016. They are filing a joint return with a
federal adjusted gross income of $55,000 and are itemizing
deductions for Oregon. In 2016, they paid $5,700 in medical
expenses that they claimed on Schedule A. Of that, $3,500
was for Brennan’s expenses, $1,000 for Maggie’s expenses,
and $1,200 for Maggie’s mother who they claim as a depen-
dent. Both Brennans and Maggie’s expenses qualify for the
special Oregon medical subtraction. Since Maggie’s mother
is a dependent, her expenses dont qualify for the subtrac-
tion. Brennan and Maggie would determine their subtrac-
tion as follows.
Special Oregon medical subtraction worksheet
Column (A)
Brennan
Column (B)
Maggie
1.Medical and dental
expenses for each
qualifying taxpayer.
1.$3,500 1. $1,000
2.Total medical and
dental expenses
(Schedule A, line 1).
2. $5,700 2. $5,700
3.Divide line 1 by line
2 and round to three
decimal places.
3.0.614 3.0.175
4.Enter the lesser of
the expenses claimed
on line 1 of your
Schedule A, or the
amount on line 3 of
your Schedule A.
4.$5,500 4.$5,500
5.Multiply line 3 by
line 4 and round to
whole dollars.
5.$3,377 5.$963
5
150-101-063 (Rev. 12-16)
6.Maximum allowable
medical subtraction
from the table.
6.$1,400 6.$1,400
7.Enter the lesser of
line 5 or line 6.
7.$1,400 7.$963
8.Add line 7, columns
(A) and (B), and enter
the total. This is
your special Oregon
medical subtraction.
8. $2,363
ABLE account deposits [code 360]. You can subtract con-
tributions made to an Oregon or contracting state’s ABLE
account. The combined total claimed under the Oregon
529 College Savings Plan deposit subtraction and the ABLE
account deposits subtraction cannot exceed $4,620 if you
file a joint return ($2,310 for all others). If you contribute
more than your limit, you can carry forward the remaining
contribution not subtracted over the next four years.
To qualify for the Oregon subtraction, contributions must
be made before the designated beneficiary turns 21 years
old. Rollovers qualify as a new contribution for purposes
of the subtraction; however, you can’t subtract any amount
rolled over from an Individual Development Account. If
you contribute more than your limit, you can carryforward
the remaining contribution not subtracted over the next
four years. Keep a copy of your account statement with your
tax records. For more information, visit the ABLE National
Resource Center’s website at www.ablenrc.org.
Section 3: Standard credits (codes 802–815)
Standard credits are nonrefundable credits that can only be
claimed on the current year’s tax return. Credit amounts
awarded and not used in the current tax year will be lost.
If you have both standard credits and carryforward cred-
its, standard credits are used first. For detailed information
regarding standard credits, refer to Publication OR-17.
Step 1: Complete the table in Section 3 with credits youre
claiming that have a code between 802815. Fill in
the code and the amount being claimed for each
standard credit. Each code should only be listed
once (unless you are claiming code 802 for credit
for taxes paid to another state, for multiple states.
These can be listed on separate lines).
Step 2: If you’re claiming a credit for income taxes paid
to another state on income that was also taxed by
Oregon, use code 802 and enter that states abbre-
viation in the corresponding box. If you arent
claiming this credit, leave this box blank.
Step 3: Fill in the total of all standard credits. Enter this
amount on Form OR-40, line 27.
Section 4: Carryforward credits (codes 835–865)
Carryforward credits are nonrefundable credits for which
any unused portion in the current tax year may be carried
forward to the following tax year. The number of years
that a credit can be carried forward varies according to the
carryforward rules of that credit. For detailed information
regarding carryforward credits, refer to Publication OR-17.
Step 1: Complete the table in section 4 for credits you’re
claiming that have a code between 835865. Fill
in the carryforward codes in the order that you
would like to claim the credits (usually this will
be by listing the credits with earlier carryforward
expirations first).
If you received the same credit in back to back
years, or more than once in the same year, dont
list the same code twice within the table. Instead,
report these credits on the same line (see example
3). Each code should only be listed once.
List credits that are available to you even if you
are not able to claim them this year (see example
4).
Step 2: Fill in the total amount of the credit that could
not be claimed in 2015 that was carried forward
to the current year (2016). Enter this amount into
the “Amount from prior year” column, if any (see
example 3).
Step 3: Fill in the credit amount you earned in 2016, and
enter it in the “Amount awarded this year” col-
umn, if any. Enter this amount even if this is more
than the amount that can be claimed this year.
If the total awarded amount of your credit can
be claimed in one year, list the entire amount
awarded in the “Amount awarded this year” col-
umn (see example 2).
If the total awarded amount of your credit must
be claimed over multiple years, list only the por-
tion that is allowed to be claimed in tax year 2016
(see example 5).
Step 4: Fill in the credit amount you’re claiming this year.
The “Total claimed this year” box cant be more
than the combined total of the “Amount from
prior year” and the “Amount awarded this year”
boxes. This amount also cant be more than any
credit limitation for that credit. Any excess credit
not claimed in 2016 may be carried forward to the
following tax year, if it doesn’t expire according to
the carryforward rules of the credit (see example
6).
Step 5: Fill in the total of all carryforward credits being
claimed. Enter this number on Form OR-40, line
30. The total of all carryforward credits can’t be
more than your tax reported on Form OR-40, line
29. If your carryforward credits are more than
the tax reported on line 29, you must reduce how
much you are claiming on one or more of your
carryforward credits. If you have more than
one carryforward credit, consider claiming the
6
150-101-063 (Rev. 12-16)
maximum allowed on credits with earlier expira-
tions first (see example 6).
Example 2. In 2016, Neil and David received a $25,000 credit
for contributing to the Child Care Fund. For 2016, their tax
reported on line 29 is $16,500. Heres how they will com-
plete the table:
Code
Amount from
prior year
Amount awarded
this year
Total claimed
this year
841 $0.00$25,000.00$16,500.00
.00.00.00
.00.00.00
Neil and David will carry forward $8,500 ($25,000$16,500)
to tax year 2017.
Example 3. The same as example 2, except that Neil and
David also contributed to the Child Care Fund in 2015.
Their 2015 credit was $10,000. They were able to claim
$3,000 and carried forward $7,000 to 2016. Here’s how they
will complete the table, reporting the 2015 and 2016 credits
on the same line:
Code
Amount from
prior year
Amount awarded
this year
Total claimed
this year
841 $7,000.00$25,000.00$16,500.00
.00.00.00
.00.00.00
They will carry forward $15,500 [($7,000+$25,000)–$16,500]
to tax year 2017.
Example 4. Valerie and Tony received a $6,000 credit for
contributing to the University Venture Development Fund
in 2016. Their 2016 tax reported on line 29 is $0.00. Here’s
how they will complete the table:
Code
Amount from
prior year
Amount awarded
this year
Total claimed
this year
864 $0.00$6,000.00$0.00
.00.00.00
.00.00.00
Example 5. Senait installed a solar heating system for her
backyard swimming pool in 2016. She was awarded a $6,000
residential energy tax credit. The provisions of this credit
limit the amount that can be claimed each year to $1,500
(along with any amount carried forward from the previous
year). Senait may claim $1,500 in 2016; $1,500 in 2017; $1,500
in 2018; and $1,500 in 2019. Her 2016 tax reported on line 29
is $2,000. Here’s how she will complete the table:
Code
Amount from
prior year
Amount awarded
this year
Total claimed
this year
861 $0.00$1,500.00$1,500.00
.00.00.00
.00.00.00
Even though Senait’s tax reported on line 29 is $2,000, the
credit is limited to $1,500 per year. She is only able to claim
$1,500 in 2016.
Example 6: Chad and Jolene have $3,200 of unused riparian
land credit originally awarded in 2011 that can be claimed
in 2016. They also qualified for a 2016 residential energy
credit of $2,500, of which they may claim $1,500 in 2016 and
$1,000 in 2017. Their 2016 tax reported on line 29 is $4,500.
Because 2016 is the last year the riparian land carryforward
can be claimed, they will claim all of the $3,200 credit first.
Chad and Jolene will also claim $1,300 of their 2016 residen-
tial energy credit. Here’s how they will complete the table.
Code
Amount from
prior year
Amount awarded
this year
Total claimed
this year
862 $3,200.00$0.00$3,200.00
861$0.00$1,500.00$1,300.00
.00.00.00
Chad and Jolene are only able to claim $1,300 of the resi-
dential energy credit because their total amount claimed
this year box cannot equal more than their tax reported
on line 29 [$4,500($3,200+$1,300)]. The remaining $200
($1,500$1,300) of the residential energy credit that cannot
be claimed in 2016 will be carried forward to 2017.
Section 5: Refundable credits (codes 890895)
Refundable credits can only be claimed on your current
year’s tax return; however, any amount that is more than
your tax will be refunded to you. For detailed information
regarding refundable credits, refer to Publication OR-17.
Step 1: Complete the table in Section 5 with credits youre
claiming that have a code between 890–895. Fill
in the code and amount being claimed for each
refundable credit. Each code should only be listed
once.
Step 2: Fill in the total of all refundable credits. Enter this
amount on Form OR-40, line 36.
Numeric codes are required when you are claiming or reporting an adjustment, addition, subtraction, modification, or credit on
Schedule OR-ASC or OR-ASC-NP. If you have multiple items that use the same code, add them together and enter the total as a
single item. Include Schedule OR-ASC or OR-ASC-NP when you file your return.
Adjustments—Schedule OR-ASC-NP, Section 1 only.OR-40OR-40-NOR-40-PCode
Certain business expenses of reservists, performing artists, and fee-basis government
ocials–Form 1040, Line 24
XX002
Health savings account deduction – Form 1040, Line 25 XX003
Penalty on early withdrawal of savings–Form 1040, Line 30 XX004
Any other adjustments reported on Form 1040, Line 36, or Form 1040NR, Line 35 XX005
Domestic production activities deduction–Form 1040, Line 35, or Form 1040NR, Line 34 XX006
Additions—Schedule OR-ASC, Section 1 or OR-ASC-NP, Section 2.OR-40OR-40-NOR-40-PCode
Domestic production activities deduction XXX102
Claim of right income repayments X103
Disposition of inherited Oregon farmland or forestland XXX106
Federal election on interest and dividends of a minor child XXX107
Federal income tax refunds X109
Net operating loss—non-Oregon sourceXXX116
Oregon 529 College Savings Plan non-qualied withdrawal XXX117
Oregon deferral of reinvested capital gain XXX118
Partnership and S corporation modications for OregonXXX119
Business credit—unused XXX122
Prescription drug plan subsidies XXX123
Federal law disconnectXXX131
Accumulation distribution from a trustXXX132
Fiduciary adjustment from Oregon estates and trusts XXX133
Gambling losses claimed as an itemized deduction X134
Oregon-only Schedule A items X135
Refund of Oregon-only Schedule A items from a prior year X136
Individual Development Account non-qualied withdrawal XXX137
Oregon IDA Initiative Fund donation credit add-back X138
Lump-sum distribution from a qualied retirement plan XXX139
Passive foreign investment company income XXX140
Child Care Fund contributions X142
Oregon Production Investment Fund contributionsX144
Renewable Energy Development Fund contributionsX145
University Venture Development Fund contributionsX146
Income taxes paid to another state XXX148
Basis of business assets transferred to Oregon XXX150
Depletion in excess of property basis XXX151
Oregon Department of Revenue
Publication OR-CODES
Numeric Codes for Oregon Adjustments, Additions, Subtractions,
Modifications, and Credits
Effective for tax year 2016
Page 1 of 4, 150-101-432 (Rev. 12-16)
Additions—Schedule OR-ASC, Section 1 or OR-ASC-NP, Section 2.
(Continued from page 1)
OR-40OR-40-NOR-40-PCode
Depreciation dierence for OregonXXX152
Federal depreciation disconnectXXX153
Gain or loss on sale of depreciable property with dierent basis for OregonXXX154
Passive activity lossesXXX155
Suspended lossesXXX156
Federal estate tax on income in respect of a decedentX157
Interest on state and local government bonds outside of OregonXXX158
Federal subtraction for retirement savings rollover from Individual Development
Account
XXX159
Charitable donations not allowed for OregonX160
WFHDC medical expensesX163
Subtractions—Schedule OR-ASC, Section 2 or OR-ASC-NP, Section 3.OR-40OR-40-NOR-40-PCode
American IndianXXX300
Artist's charitable contributionX301
Construction worker and logger commuting expenses XXX303
Federal gain previously taxed by Oregon XXX306
Federal pension income XXX307
Federal education credits (tuition and fees deduction)XXX308
Federal income tax from a prior year X309
Fiduciary adjustments from Oregon estates and trustsXXX310
Foreign tax X311
Individual Development Account contributions XXX314
Interest and dividends on U S bonds and notes XXX315
Land donation to educational institutionsXXX316
Interest from state and local government bonds XXX317
Military active duty payXXX319
Mortgage interest creditX320
Net operating loss XXX321
Oregon lottery winnings XXX322
Partnership and S corporation modications for OregonXXX323
Oregon 529 College Savings Plan deposit XXX324
Oregon income tax refundXX325
Previously taxed employee retirement plansXXX327
Public Safety Memorial Fund award XXX329
Railroad Retirement Board benets: tier 2, windfall/vested dual, supplemental, and
railroad unemployment benets
XXX330
US government interest in IRA or Keogh distributions XXX331
Scholarship awards used for housing expensesXXX333
Legislative Assembly salary and expensesXXX335
Film production labor rebate—Greenlight Oregon Labor Rebate FundXXX336
Mobile home park capital gainXXX338
Capital Construction Fund (CCF) contributionsXXX339
Federal business and health coverage creditsXXX340
Income on a composite return XX341
Publication OR-CODESOregon Department of RevenuePage 2 of 4, 150-101-432 (Rev. 12-16)
Subtractions—Schedule OR-ASC, Section 2 or OR-ASC-NP, Section 3.
(Continued from page 2)
OR-40OR-40-NOR-40-PCode
Oregon Investment AdvantageXXX342
Mobile home tenant payment XXX344
Taxable benets for former RDPs XXX347
Previously-taxed IRA conversions XXX348
Discharge of indebtedness XXX350
Special Oregon medical XXX351
DISC dividend payments XXX352
Depreciation dierence for Oregon XXX354
Gain or loss on sale of depreciable property with dierent basis for Oregon XXX355
Passive activity losses XXX356
Suspended losses XXX357
Basis of business assets transferred to Oregon XX358
Marijuana business expenses not allowed on the federal returnXXX359
ABLE account depositXXX360
Modications—Schedule OR-ASC-NP, Section 4 only.OR-40OR-40-NOR-40-PCode
Artist’s charitable contributionX600
Federal income tax refunds XX601
Federal tax from a prior year XX602
Foreign tax XX603
Gambling losses claimed as an itemized deduction + XX604
Federal estate tax on income in respect of a decedent XX605
Mortgage interest credit deduction XX607
Federal health coverage credit XX609
Child Care Fund contributions +XX642
Oregon Production Investment Fund contributions +XX644
Renewable Energy Development Fund contributions +XX645
University Development Venture Fund contributions +XX646
Oregon IDA Initiative Fund donation credit add-back +XX648
Claim of right income repayment +XX649
Charitable donations not allowed for Oregon XX650
WFHDC medical expenses +XX651
+ Must be entered as a negative number.
Standard credits—Schedule OR-ASC, Section 3 or OR-ASC-NP,
Section 5.
OR-40OR-40-NOR-40-PCode
Income taxes paid to another state XXX802
Mutually-taxed gain on the sale of residential property XXX806
Oregon Cultural Trust contributions XPRPR807
Oregon Veterans' Home physicians XPRPR808
Political contributions XX809
Reservation enterprise zone XPRPR810
Retirement income XXX811
Rural emergency medical technicians XPRPR812
Rural health practitioners XPRPR813
Pass-through income taxes paid to another state XXX815
Publication OR-CODESOregon Department of RevenuePage 3 of 4, 150-101-432 (Rev. 12-16)
Carryforward credits—Schedule OR-ASC, Section 4 or OR-ASC-NP, Section 6.OR-40OR-40-NOR-40-PCode
Agriculture workforce housing XPRPR835
Biomass production/collection XPRPR838
Business energy XXX839
Child and dependent care carryforwardXPRPR840
Child Care Fund contributions XXX841
Crop donation XPRPR843
Electronic commerce zone investment XPRPR845
Employer-provided dependent care assistance (carryforward only) XXPR846
Employer scholarship XPRPR847
Energy conservation projects XXX849
Fish screening devices XPRPR850
Oregon IDA Initiative Fund donation XXX852
Oregon Low Income Community Jobs Initiative/New Markets XXX855
Oregon Production Investment Fund contributions XXX856
Pollution control facilities XXX857
Renewable Energy Development Fund contributions XXX859
Renewable energy resource equipment manufacturing facility carryforwardXXX860
Residential energy XPRPR861
Riparian land carryforward XPRPR862
Transportation projects XXX863
University Venture Development Fund contributionsXPRPR864
Alternative Fuel Vehicle Fund contributions carryforward XXX865
Reforestation of underproductive forestlandsXXX867
Carryforward credits available only to S corporation shareholders.
Agriculture workforce housing loans (S corporation) XXX836
Alternative fuel vehicle fueling stations, carryforward only
(S corporation)
XXX851
Alternative qualied research activities (S corporation) XXX837
Contribution of computers or scientic equipment for research,
carryforward only (S corporation)
XXX842
Lender’s credit: aordable housing (S corporation)XXX854
Lender’s credit: energy conservation, carryforward only (S corporation) XXX848
Long-term rural enterprise zone facilities (S corporation) XXX853
Qualied research activities (S corporation) XXX858
Refundable credits—Schedule OR-ASC, Section 5 or OR-ASC-NP,
Section 7.
OR-40OR-40-NOR-40-PCode
Claim of right XPRPR890
Mobile home park closure XXX891
Working Family Household and Dependent Care (WFHDC) XPRPR895
PR indicates a credit that must be prorated.
Publication OR-CODESOregon Department of RevenuePage 4 of 4, 150-101-432 (Rev. 12-16)
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