1 1 1 2 2 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 Form With grid With grid & data2 84 85 3 4 82 83 3 3 4 4 5 2023 Schedule OR-PTE-NR Office use only 5 6 Page 1 of 2, 150-101-367 Oregon Department of Revenue 18142301010000 6 7 (Rev. 08-10-23, ver. 01) 7 8 Qualified Business Income Reduced 8 9 Tax Rate Schedule for Oregon Nonresidents 9 10 10 11 Submit original form—do not submit photocopy 11 12 First name Initial Last name Social Security number (SSN) 12 13 XXXXXXXXXXXX X XXXXXXXXXXXXXXXXXXXX 999-99-9999– – 13 14 Spouse first name (if joint return) Initial Spouse last name Spouse SSN 14 15 X XXXXXXXXXXXXXXXXXXXX – – 15 XXXXXXXXXXXX 999-99-9999 16 To qualify for the reduced tax rate, you must complete both sections and submit this form with your Oregon Form OR-40-N. 16 17 17 18 Section A—Qualifying business information 18 19 Complete Section A to determine if you qualify for the reduced tax rate. List each qualifying sole proprietorship (SP), S corporation 19 20 (SC), or partnership (P) along with the business code number (or NAICS code), Oregon PTE-E tax deducted, number of qualifying 20 21 employees, entity type, nonpassive income (or loss), and Section 179 expenses attributable to each qualifying business (for S 21 22 corporations and partnerships only). Only list businesses that qualify. See instructions for more information. 22 23 23 24 1. Qualifying business name FEIN Business code no. No. of qualifying employees 24 25 XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 99-9999999– 9999999999 999,999,999 25 26 Entity type: a. Nonpassive loss b. Section 179 expense c. Nonpassive income 26 27 XX (SP, SC, or P only) 99,999,999,999.00.00 99,999,999,999.00.00 99,999,999,999.00.00 27 28 28 29 d. Oregon PTE-E tax deducted 29 30 30 99,999,999,999.00.00 31 31 32 2. Qualifying business name FEIN Business code no. No. of qualifying employees 32 33 XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 99-9999999– 9999999999 999,999,999 33 34 Entity type: a. Nonpassive loss b. Section 179 expense c. Nonpassive income 34 35 XX (SP, SC, or P only) 99,999,999,999.00.00 99,999,999,999.00.00 99,999,999,999.00.00 35 36 36 37 d. Oregon PTE-E tax deducted 37 38 38 99,999,999,999.00.00 39 39 40 3. Qualifying business name FEIN Business code no. No. of qualifying employees 40 41 XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 99-9999999– 9999999999 999,999,999 41 42 Entity type: a. Nonpassive loss b. Section 179 expense c. Nonpassive income 42 43 XX (SP, SC, or P only) 99,999,999,999.00.00 99,999,999,999.00.00 99,999,999,999.00.00 43 44 44 45 d. Oregon PTE-E tax deducted 45 46 46 99,999,999,999.00.00 47 47 48 4. Total for each column a. Nonpassive loss total b. Section 179 expense total c. Nonpassive income total 48 49 (a), (b), (c), and (d): 99,999,999,999.00.00 99,999,999,999.00.00 99,999,999,999.00.00 49 50 50 51 d. Oregon PTE-E tax deducted 51 52 52 99,999,999,999.00.00 53 53 54 5. Add lines 4c and 4d ................................................................ 5. 99,999,999,999.00.00 54 55 55 56 6. Add lines 4a and 4b ................................................................ 6. 99,999,999,999.00.00 56 57 57 58 7. Line 5 minus line 6 ................................................................... 7. 99,999,999,999.00.00 58 59 59 60 If line 7 is 0 or less, you can’t use the reduced tax rate. Return to the Form OR-40-N, line 46, and complete the rest of the form. If line 60 61 7 is more than 0, enter this amount on line 2b of the Tax worksheet in Section B on page 2. 61 62 62 63 —You must include this schedule with your Oregon Form OR-40-N— 63 64 Continued on next page 64 1 2 65 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 65 84 85 3 4 82 83 66 66 |
67 67 1 2 68 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 68 84 85 3 4 82 83 69 69 70 70 71 71 2023 Schedule OR-PTE-NR 72 Page 2 of 2, 150-101-367 Oregon Department of Revenue 18142301020000 72 73 (Rev. 08-10-23, ver. 01) 73 74 Section B—Tax worksheet 74 75 Complete each applicable line to determine your tax. See the instructions for more information. 75 76 76 77 1. Enter Oregon taxable income from Form OR-40-N, line 45 ........1a. 99,999,999,999.00.00 77 78 2. Enter the total qualifying income from Section A, line 7 .....................................................................................2b. 99,999,999,999.00.00 78 79 3. Line 1a minus line 2b. Don’t enter less than 0 .............................3a. 99,999,999,999.00.00 79 80 4. Enter the amount on lines 4a and 4b of the depreciation addition 80 81 from Form OR-40-N, line 30S that is attributable to the qualifying 81 82 businesses ...................................................................................4a. 99,999,999,999.00.00 4b. 99,999,999,999.00.00 82 83 5. Line 3a minus line 4a. Don’t enter less than 0 .............................5a. 99,999,999,999.00.00 83 84 6. Line 2b plus line 4b .............................................................................................................................................6b. 99,999,999,999.00.00 84 85 7. Enter the amount on lines 7a and 7b of the depreciation subtraction 85 86 from Form OR-40-N, line 33S that is attributable to qualifying 86 87 businesses ...................................................................................7a. 99,999,999,999.00.00 7b. 99,999,999,999.00.00 87 88 8. Line 5a plus line 7a ......................................................................8a. 99,999,999,999.00.00 88 89 9. Line 6b minus line 7b. Don’t enter less than 0 ...................................................................................................9b. 99,999,999,999.00.00 89 90 10. Tax for income on line 8a (see instructions). 90 91 This is your tax on nonqualifying income. .................................10a. 99,999,999,999.00.00 91 92 11. Tax for income on line 9b using Tax rate chart B in the instructions. 92 93 This is your tax on qualifying income ...............................................................................................................11b. 99,999,999,999.00.00 93 94 12. Line 10a plus line 11b. 94 95 This is your total tax with the reduced rate for 95 96 qualifying income .......................................................................12a. 99,999,999,999.00.00 96 97 13. Tax for income on line 1a (see instructions)...............................13a. 99,999,999,999.00.00 97 98 14. Enter the lesser of line 12a or line 13a.......................................14a. 99,999,999,999.00.00 98 99 99 100 If line 12a is less than 13a, enter the amount from line 14a on Form OR-40-N, line 46, and check box 46c. 100 101 101 102 If line 13a is less than 12a, it isn’t more beneficial for you to use the reduced tax rate. Enter the amount from line 14a on Form 102 103 OR-40-N, line 46, and complete the rest of the return. 103 104 104 105 Note: You can’t amend to revoke or make the election after your original return is filed unless you file an amended return on or before 105 106 the original due date of April 15, 2024, or if filing an extension, October 15, 2024. If you amend after the due date for the return, 106 107 including extensions, you must use the tax on line 12a of the Tax worksheet even if line 13a is less. 107 108 108 109 —You must include this schedule with your Oregon Form OR-40-N— 109 110 110 111 111 112 112 113 113 114 114 115 115 116 116 117 117 118 118 119 119 120 120 121 121 122 122 123 123 124 124 125 125 126 126 127 127 128 128 129 129 130 130 1 2 131 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 131 84 85 3 4 82 83 132 132 |