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Schedule OR-ASC-FID Instructions
2023
Oregon Adjustments for Form OR-41 Filers

This publication is a guide, not a complete statement, of Oregon Revised Statutes (ORS) and
Oregon Administrative Rules (OAR). For more information, refer to the laws and rules at www.oregon.gov/dor.

Step 1: Complete the table in Section 2 with the code and
Purpose of this schedule amount reported for each Other subtraction that
isn’t already included on Form OR-41. Each code
This schedule is for fiduciary filers only. Individuals don’t
should be listed only once.
use this form. Schedule OR-ASC-FID is used to report
Oregon additions, subtractions, and credits that don’t have Step 2: Fill in the total of all Other subtractions. Enter this
a specific line on the fiduciary return. Code numbers and amount on Form OR-41, Schedule 2, line 11.
limited item explanations are in the instructions for Form
OR-41. Also see Oregon Publication OR-17. Section 3: Standard credits
Standard credits are nonrefundable credits that can only be
New information claimed on the current year’s tax return. Credit amounts
awarded and not used in the current tax year are lost.
See the instructions for Form OR-41 for details.
If you have both standard credits and carryforward credits,
standard credits should be used first. Standard credit codes
Instructions are listed in the instructions for Form OR-41.
Step 1: Complete the table in Section 3 with credits you’re
Enter the code and amount for each item you’re using.
claiming. Fill in the code and the amount being
You’ll find the codes and item descriptions in Appendix A claimed for each standard credit. Each code
of Form OR-41. should only be listed once (unless you’re claiming
Not enough room? Use extra copies of the schedule if you code 802 for credit for taxes paid to another state,
need more space, and enter only the total(s) on your return. for multiple states. These can be listed on separate
Include any extra copies of the schedule when you file your lines).
return. Step 2: If you’re claiming a credit for income taxes paid
Round all cents to the nearest dollar. For example, $99.49 to another state on income that was also taxed by
Oregon, use code 802 and enter that state’s abbre-
becomes $99, and $99.50 becomes $100.
viation in the corresponding box. If you aren’t
Codes. Every item entered on the schedule must be identi- claiming this credit, leave this box blank.
fied with a numerical code. If you’re using the same code for
Step 3: Fill in the total of all standard credits. Enter this
several amounts (other than for income taxes paid to other
amount on Form OR-41, line 11.
states), total the amounts and enter the code only once.
Section 4: Carryforward credits
Section 1: Other additions
Carryforward credits are nonrefundable credits for which
Other additions are the amount by which any item of gross any unused portion in the current tax year may be carried
income is greater under Oregon law than under federal law, forward to the following tax year. The number of years
or the amount by which any allowable deduction is less that a credit can be carried forward varies according to the
under Oregon law than under federal law. carryforward rules of the credit. For detailed information
Step 1: Complete the table in Section 1 with the code and regarding carryforward credits, refer to Publication OR-17.
amount reported for each Other addition that When we process your return, we’ll apply your credits
isn’t already included on Form OR-41. Each code against your tax in the order in which they’re listed on the
should be listed only once. schedule. If you’re claiming more than one type of carry-
forward credit and the total you can use is more than your
Step 2: Fill in the total of all Other additions. Enter this
tax liability for the year, enter your credits in the order in
amount on Form OR-41, Schedule 2, line 17. which they expire. Start with credits that expire earlier, fol-
lowed by credits that expire later. List all credits you have
Section 2: Other subtractions available even if you can’t use them this year.
Other subtractions are the amount by which any item of Step 1: Complete the table in Section 4 with credits you’re
gross income is less under Oregon law than under federal claiming. Fill in the code being claimed for each
law, or the amount by which any allowable deduction is carryforward credit. Fill in the carryforward
greater under Oregon law than under federal law. codes in the order you would like to claim the
150-101-067-1 (Rev. 10-05-23) 1 2023 Schedule OR-ASC-FID Instructions

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credits (usually this will be by listing the credits Example 2. Taxpayer files an OR-41 for the current year.
with earlier expirations first). During the year, Taxpayer received two $6,000 credits for
contributing to the University Venture Development Fund.
If you received the same type of credit in back to
Taxpayer’s net tax before any credits is $40,000. Here’s how
back years, or more than once in the same year,
Taxpayer would complete the table:
don’t list the same code twice within the table.
Instead, report these credits on the same line. Each Code Amount from Amount awarded Total used this
code should only be listed once (see Example 2). prior year this year year
List credits that are available to you even if you 864 0 $12,000 $12,000
aren’t able to use them this year (see Example 1).
Example 3. Same as Example 2 except Taxpayer also had
Step 2: Fill in the total amount of the credit that couldn’t a $6,000 credit for contributing to the University Venture
be claimed last year that was carried forward to Development Fund in 2022 that they were unable to use
the current year (2023). Enter this amount into because their 2022 net tax was $0.00. Here’s how Taxpayer
the “Amount from prior year” column, if any (see will complete the table, reporting the 2022 and 2023 credits
Example 3). on the same line:
Step 3: Fill in the credit amount you earned in 2023, and Code Amount from Amount awarded Total used this
enter it in the “Amount awarded this year” col- prior year this year year
umn, if any. Enter this amount even if it’s more 864 $6,000 $12,000 $18,000
than the amount that can be claimed this year (see
Example 1).
If the total awarded amount of your credit can Section 5: Refundable credits
be claimed in one year, list the entire amount Refundable credits can only be claimed on your current
awarded in the “Amount awarded this year” col- year’s tax return; however, any amount that’s more than
umn (see Example 1). your tax will be refunded to you.
If the total awarded amount of your credit must Step 1: Complete the table in Section 5 with credits you’re
be claimed over multiple years, list only the por- claiming. Fill in the code and amount being claimed.
tion that is allowed to be claimed in tax year 2023.
Step 2: Fill in the total of all refundable credits. Enter this
Step 4: Fill in the credit amount you’re using this year. amount on your Form OR-41, line 19.
The “Total used this year” box can’t be more than
the combined total of the “Amount from prior
year” and the “Amount awarded this year” boxes. Do you have questions or need help?
This amount also can’t be more than any credit
limitation for that credit. Any excess credit not Trust and estate help
claimed in 2023 may be carried forward to the fol- Email: estate.help.dor@dor.oregon.gov
lowing tax year, if it doesn’t expire according to
This email address isn’t secure and confidentiality can’t be
the carryforward rules of the credit.
ensured. General tax and policy questions only.
Step 5: Fill in the total of all carryforward credits being
used. Enter this number on Form OR-41, line Forms
13. The total of all carryforward credits can’t be
www.oregon.gov/dor/forms
more than your tax minus standard credits. If
your carryforward credits are more than the tax
minus standard credits, you must reduce how General information
much you’re using on one or more of your carry- www.oregon.gov/dor
forward credits. If you have more than one car- 503-378-4988 or 800-356-4222
ryforward credit, consider using the maximum questions.dor@dor. oregon.gov
allowed on credits with earlier expirations first
Contact us for ADA accommodations or assistance in other
(see Example 1).
languages.
Example 1. Taxpayer files an OR-41 for the current year.
During the year, Taxpayer receives a $6,000 credit for con- Correspondence
tributing to the University Venture Development Fund.
Taxpayer’s net tax before any credits is $0.00. Here’s how Include your FEIN and a daytime phone number for faster
Taxpayer would complete the table: service.
Write to: Oregon Department of Revenue
Code Amount from Amount awarded Total used this
prior year this year year Fiduciary/Estate Unit
955 Center St NE
864 0 $6,000 0 Salem OR 97301-2555
150-101-067-1 (Rev. 10-05-23) 2 2023 Schedule OR-ASC-FID Instructions

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