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                                                                                                                                                                               Office use only   5
             2023 Schedule OR-FIA-COMP
6           Page 1 of 3, 150-101-164                   Oregon Department of Revenue                     18472301010000                                                                            6
7           (Rev. 08-29-23, ver. 01)                                                                                                                                                              7
8            Oregon Farm Income Averaging Computation of Tax                                                                                                                                      8
9                                                                                                                                                                                                 9
10                                                                                                                                                                                                10
11                                                                                                                                                                                                11
12          First name               Initial Last name                                                                 Social Security number (SSN)                                               12
13           XXXXXXXXXXXX X XXXXXXXXXXXXXXXXXXXX                                                                       999-99-9999– –                                                             13
14          Spouse first name        Initial Spouse last name                                                          Spouse SSN                                                                 14
15           XXXXXXXXXXXX X XXXXXXXXXXXXXXXXXXXX                                                                       999-99-9999– –                                                             15
16           If you used farm income averaging for any base year, see the instructions for the amount(s) to enter on line 1 for each base                                                         16
17           year computation. Otherwise, enter the line 1 amount(s) for Computation A, B, or C for each base year as directed.                                                                   17
18                                                                                                                                                                                                18
19          Computation for base year 2020                                                                                                                                                        19
20          Computation A. Complete if you filed Form OR-40-N for tax year 2020.                                                                                                                  20
                                                                                                        Federal column                                                          Oregon column
21            1.  Enter the amounts shown on your 2020 Form OR-40-N,                                                                                                                              21
22             lines 34F and 34S (if $0 or less, see instructions) ......................1a.            999,999,999.00.00 1b.                                                   999,999,999.00.00 22
23            2.  Enter the amount from your 2023 Schedule OR-FIA-40,                                                                                                                             23
24               line 6; OR-FIA-40-N, line 10; or OR-FIA-40-P, line 9 ................. 2a.             999,999,999.00.00 2b.                                                   999,999,999.00.00 24
25            3.  Add lines 1 and 2 in both columns ........................................... 3a.     999,999,999.00.00 3b.                                                   999,999,999.00.00 25
26            4. Recomputed 2020 Oregon percentage. Line 3b divided by                                                                                                                            26
27               line 3a (not more than 100%) ...................................................... 4. 999.9.         %                                                                          27
28            5.  Divide the amount shown on line 42 of your 2020 return by                                                                                                                       28
29               that year’s Oregon percentage on line 35 ............................................................................................... 5.                    999,999,999.00.00 29
30            6.  Line 5 multiplied by your recomputed 2020 Oregon percentage                                                                                                                     30
31               on line 4, above. ...................................................................................................................................... 6.    999,999,999.00.00 31
32            7.  Enter the amount, if any, from your 2020 return, line 43. ........................................................................ 7.                         999,999,999.00.00 32
33            8.  Add lines 6 and 7 .................................................................................................................................... 8.     999,999,999.00.00 33
34            9. Recomputed 2020 taxable income. Line 3b minus line 8 .................................................................... 9.                                   999,999,999.00.00 34
35           10. Recomputed 2020 tax. Figure the tax on the amount on                                                                                                                             35
36               line 9 using the 2020 tax rate charts. Enter the result here                                                                                                                     36
37               and on Schedule OR-FIA-40, line 8; OR-FIA-40-N, line 11;                                                                                                                         37
38               or OR-FIA-40-P, line 10 ......................................................................................................................... 10.          999,999,999.00.00 38
39                                                                                                                                                                                                39

40          Computation B. Complete if you filed Form OR-40-P for tax year 2020.                        Federal column                                                          Oregon column     40
41            1.  Enter the amounts shown on your 2020 Form OR-40-P,                                                                                                                              41
42               lines 34F and 34S (if $0 or less, see instructions) ........................1a.        999,999,999.00.00 1b.                                                   999,999,999.00.00 42
43            2.  Enter the amount from your 2023 Schedule OR-FIA-40,                                                                                                                             43
44               line 6; OR-FIA-40-N, line 10; or OR-FIA-40-P, line 9. ................ 2a.             999,999,999.00.00 2b.                                                   999,999,999.00.00 44
45            3.  Add lines 1 and 2 in both columns ........................................... 3a.     999,999,999.00.00 3b.                                                   999,999,999.00.00 45
46            4. Recomputed 2020 Oregon percentage. Line 3b divided                                                                                                                               46
47               by line 3a (not more than 100%) ................................................. 4.   999.9.         %                                                                          47
48            5.  Enter the amount from your 2020 return, line 42 ..............................5.      999,999,999.00.00                                                                         48
49            6. Recomputed 2020 taxable income. Line 3a minus line 5 .................................................................... 6.                                   999,999,999.00.00 49
50            7.  Figure the tax on the amount on line 6 using the 2020 tax                                                                                                                       50
51               rate charts ............................................................................................................................................... 7. 999,999,999.00.00 51
52            8. Recomputed 2020 tax. Line 7 multiplied by the recomputed                                                                                                                         52
53               Oregon percentage on line 4, above. Enter the result here                                                                                                                        53
54               and on Schedule OR-FIA-40, line 8; OR-FIA-40-N, line 11;                                                                                                                         54
55               or OR-FIA-40-P, line 10 ........................................................................................................................... 8.         999,999,999.00.00 55
56                                                                                                                                                                                                56
57          Computation C. Complete if you filed Form OR-40 for tax year 2020.                                                                                                                    57
58            1.  Enter the amount shown on your 2020 Form OR-40,                                                                                                                                 58
59               line 19 (if $0 or less, see instructions) ..................................................................................................... 1.             999,999,999.00.00 59
60            2.  Enter the amount from your 2023 Schedule OR-FIA-40,                                                                                                                             60
61               line 6; OR-FIA-40-N, line 10; or OR-FIA-40-P, line 9 ............................................................................... 2.                        999,999,999.00.00 61
62                                                                                                                                                                                                62
63                                                                                                                                                                                                63
64                                                                                                                                                                                                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-FIA-COMP
72           Page 2 of 3, 150-101-164          Oregon Department of Revenue                              18472301020000                                                                            72
73           (Rev. 08-29-23, ver. 01)                                                                                                                                                              73
74                                                                                                                                                                                                 74
75           Computation C. (continued)                                                                                                                                                            75
76             3. Recomputed 2020 taxable income. Add lines 1 and 2 ........................................................................ 3.                                  999,999,999.00.00 76
77             4. Recomputed 2020 tax. Figure the tax on the amount on                                                                                                                             77
78                line 3 using the 2020 tax tables or rate charts. Enter the                                                                                                                       78
79                result here and on Schedule OR-FIA-40, line 8; OR-FIA-40-N,                                                                                                                      79
80                line 11; or OR-FIA-40-P, line 10 .............................................................................................................. 4.             999,999,999.00.00 80
81                                                                                                                                                                                                 81
82                                                                                                                                                                                                 82
             Computation for base year 2021
83           Computation A. Complete if you filed Form OR-40-N for tax year 2021.                                                                                                                  83
                                                                                                         Federal column                                                          Oregon column
84             1.  Enter the amounts shown on your 2021 Form OR-40-N,                                                                                                                              84
85                lines 34F and 34S (if $0 or less, see instructions). .................... 1a.          999,999,999.00.00 1b.                                                   999,999,999.00.00 85
86             2.  Enter the amount from your 2023 Schedule OR-FIA-40,                                                                                                                             86
87                line 6; OR-FIA-40-N, line 10; or OR-FIA-40-P, line 9. ................ 2a.             999,999,999.00.00 2b.                                                   999,999,999.00.00 87
88             3.  Add lines 1 and 2 in both columns ........................................... 3a.     999,999,999.00.00 3b.                                                   999,999,999.00.00 88
89             4. Recomputed 2021 Oregon percentage. Line 3b divided by                                                                                                                            89
90                line 3a (not more than 100%) ...................................................... 4. 999.9.         %                                                                          90
91             5.  Divide the amount shown on line 42 of your 2021 return by                                                                                                                       91
92                that year’s Oregon percentage on line 35 ................................... 5.                                                                                999,999,999.00.00 92
93             6.  Line 5 multiplied by your recomputed 2021 Oregon percentage                                                                                                                     93
94                on line 4, above ....................................................................................................................................... 6.    999,999,999.00.00 94
95             7.  Enter the amount, if any, from your 2021 return, line 43 ......................................................................... 7.                         999,999,999.00.00 95
96             8.  Add lines 6 and 7 .................................................................................................................................... 8.     999,999,999.00.00 96
97             9. Recomputed 2021 taxable income. Line 3b minus line 8 .................................................................... 9.                                   999,999,999.00.00 97
98            10. Recomputed 2021 tax. Figure the tax on the amount on                                                                                                                             98
99                line 9 using the 2021 tax rate charts. Enter the result here                                                                                                                     99
100               and on Schedule OR-FIA-40, line 12; OR-FIA-40-N, line 12;                                                                                                                        100
101               or OR-FIA-40-P, line 11 ......................................................................................................................... 10.          999,999,999.00.00 101
102                                                                                                                                                                                                102
103          Computation B. Complete if you filed Form OR-40-P for tax year 2021.                                                                                                                  103
                                                                                                         Federal column                                                          Oregon column
104            1.  Enter the amounts shown on your 2021 Form OR-40-P,                                                                                                                              104
105               lines 34F and 34S (if $0 or less, see instructions) ..................... 1a.          999,999,999.00.00 1b.                                                   999,999,999.00.00 105
106            2.  Enter the amount from your 2023 Schedule OR-FIA-40,                                                                                                                             106
107               line 6; OR-FIA-40-N, line 10; or OR-FIA-40-P, line 9 ................. 2a.             999,999,999.00.00 2b.                                                   999,999,999.00.00 107
108            3.  Add lines 1 and 2 in both columns ........................................... 3a.     999,999,999.00.00 3b.                                                   999,999,999.00.00 108
109            4. Recomputed 2021 Oregon percentage. Line 3b divided by                                                                                                                            109
110               line 3a (not more than 100%). ..................................................... 4. 999.9.         %                                                                          110
111            5.  Enter the amount from your 2021 return, line 42 ............................. 5.      999,999,999.00.00                                                                         111
112            6.  Recomputed 2021 taxable income. Line 3a minus line 5 .................................................................... 6.                                  999,999,999.00.00 112
113            7.  Figure the tax on the amount on line 6 using the 2021 tax                                                                                                                       113
114               rate charts ............................................................................................................................................... 7. 999,999,999.00.00 114
115            8. Recomputed 2021 tax. Line 7 multiplied by the recomputed                                                                                                                         115
116               Oregon percentage on line 4, above. Enter the result here and                                                                                                                    116
117               on Schedule OR-FIA-40, line 12; OR-FIA-40-N, line 12; or                                                                                                                         117
118               OR-FIA-40-P, line 11 ............................................................................................................................... 8.        999,999,999.00.00 118
119                                                                                                                                                                                                119
120          Computation C. Complete if you filed Form OR-40 for tax year 2021.                                                                                                                    120
121            1.  Enter the amount shown on your 2021 Form OR-40, line 19                                                                                                                         121
122               (if $0 or less, see instructions)................................................................................................................. 1.          999,999,999.00.00 122
123            2.  Enter the amount from your 2023 Schedule OR-FIA-40,                                                                                                                             123
124               line 6; OR-FIA-40-N, line 10; or OR-FIA-40-P, line 9 ............................................................................... 2.                        999,999,999.00.00 124
125            3. Recomputed 2021 taxable income. Add lines 1 and 2 ........................................................................ 3.                                  999,999,999.00.00 125
126            4. Recomputed 2021 tax. Figure the tax on the amount on                                                                                                                             126
127               line 3 using the 2021 tax tables or rate charts. Enter the                                                                                                                       127
128               result here and on Schedule OR-FIA-40, line 12;                                                                                                                                  128
129               OR-FIA-40-N, line 12; or OR-FIA-40-P, line 11 ....................................................................................... 4.                       999,999,999.00.00 129
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

133                                                                                                                                                                                                133
  1  2   134   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   134   84 85
3 4                                                                                                                                                                                                82 83
135                                                                                                                                                                                                135
136                                                                                                                                                                                                136
137                                                                                                                                                                                                137
             2023 Schedule OR-FIA-COMP
138          Page 3 of 3, 150-101-164          Oregon Department of Revenue                              18472301030000                                                                            138
139          (Rev. 08-29-23, ver. 01)                                                                                                                                                              139
140                                                                                                                                                                                                140
141            Computation for base year 2022                                                                                                                                                      141
142          Computation A. Complete if you filed Form OR-40-N for tax year 2022.                                                                                                                  142
                                                                                                         Federal column                                                          Oregon column
143            1.  Enter the amounts shown on your 2022 Form OR-40-N,                                                                                                                              143
144               lines 34F and 34S (if $0 or less, see instructions) ..................... 1a.          999,999,999.00.00 1b.                                                   999,999,999.00.00 144
145            2.  Enter the amount from your 2023 Schedule OR-FIA-40,                                                                                                                             145
146               line 6; OR-FIA-40-N, line 10; or OR-FIA-40-P, line 9  ................ 2a.             999,999,999.00.00 2b.                                                   999,999,999.00.00 146
147            3.  Add lines 1 and 2 in both columns ........................................... 3a.     999,999,999.00.00 3b.                                                   999,999,999.00.00 147
148            4. Recomputed 2022 Oregon percentage. Line 3b divided                                                                                                                               148
149               by line 3a (not more than 100%) ................................................. 4.   999.9.         %                                                                          149
150            5.  Divide the amount shown on line 42 of your 2022 return                                                                                                                          150
151               by that year’s Oregon percentage on line 35 .......................................................................................... 5.                      999,999,999.00.00 151
152            6.  Line 5 multiplied by your recomputed 2022 Oregon                                                                                                                                152
153               percentage on line 4, above .................................................................................................................... 6.            999,999,999.00.00 153
154            7.  Enter the amount, if any, from your 2022 return, line 43 ......................................................................... 7.                         999,999,999.00.00 154
155            8.  Add lines 6 and 7 .................................................................................................................................... 8.     999,999,999.00.00 155
156            9. Recomputed 2022 taxable income. Line 3b minus line 8 .................................................................... 9.                                   999,999,999.00.00 156
157           10. Recomputed 2022 tax. Figure the tax on the amount on                                                                                                                             157
158               line 9 using the 2022 tax rate charts. Enter the result here                                                                                                                     158
159               and on Schedule OR-FIA-40, line 16; OR-FIA-40-N, line 13;                                                                                                                        159
160               or OR-FIA-40-P, line 12 ......................................................................................................................... 10.          999,999,999.00.00 160
161                                                                                                                                                                                                161
162          Computation B. Complete if you filed Form OR-40-P for tax year 2022.                                                                                                                  162
                                                                                                         Federal column                                                          Oregon column
163            1.  Enter the amounts shown on your 2022 Form OR-40-P,                                                                                                                              163
164               lines 34F and 34S (if $0 or less, see instructions) ..................... 1a.          999,999,999.00.00 1b.                                                   999,999,999.00.00 164
165            2.  Enter the amount from your 2023 Schedule OR-FIA-40,                                                                                                                             165
166               line 6; OR-FIA-40-N, line 10; or OR-FIA-40-P, line 9  ................ 2a.  999,999,999.00.00            2b.                                                   999,999,999.00.00 166
167            3.  Add lines 1 and 2 in both columns  .......................................... 3a.     999,999,999.00.00 3b.                                                   999,999,999.00.00 167
168            4. Recomputed 2022 Oregon percentage. Line 3b divided by                                                                                                                            168
169               line 3a (not more than 100%) ...................................................... 4. 999.9.          %                                                                         169
170            5.  Enter the amount from your 2022 return, line 42 ........................ 5.           999,999,999.00.00                                                                         170
171            6. Recomputed 2022 taxable income. Line 3a minus line 5 .................................................................... 6.                                   999,999,999.00.00 171
172            7.  Figure the tax on the amount on line 6 using the 2022 tax                                                                                                                       172
173               rate charts  .............................................................................................................................................. 7. 999,999,999.00.00 173
174            8. Recomputed 2022 tax. Line 7 multiplied by your recomputed                                                                                                                        174
175               2022 Oregon percentage on line 4, above. Enter the result                                                                                                                        175
176               here and on Schedule OR-FIA-40, line 16; OR-FIA-40-N, line 13;                                                                                                                   176
177               or OR-FIA-40-P, line 12 ........................................................................................................................... 8.         999,999,999.00.00 177
178                                                                                                                                                                                                178
179          Computation C. Complete if you filed Form OR-40 for tax year 2022.                                                                                                                    179
180            1.  Enter the amount shown on your 2022 Form OR-40, line 19                                                                                                                         180
181               (if $0 or less, see instructions)................................................................................................................. 1.          999,999,999.00.00 181
182            2.  Enter the amount from your 2023 Schedule OR-FIA-40,                                                                                                                             182
183               line 6; OR-FIA-40-N, line 10; or OR-FIA-40-P, line 9 ............................................................................... 2.                        999,999,999.00.00 183
184            3. Recomputed 2022 taxable income. Add lines 1 and 2  ....................................................................... 3.                                  999,999,999.00.00 184
185            4. Recomputed 2022 tax. Figure the tax on the amount                                                                                                                                185
186               on line 3 using the 2022 tax tables or rate charts.                                                                                                                              186
187               Enter the result here and on Schedule OR-FIA-40,                                                                                                                                 187
188               line 8; OR-FIA-40-N, line 11; or OR-FIA-40-P, line 10 ............................................................................. 4.                         999,999,999.00.00 188
189                                                                                                                                                                                                189
190                                                                                                                                                                                                190
191                              —Don’t include this schedule with your Oregon return. Keep it with your records.—                                                                                 191
192                                                                                                                                                                                                192
193                                                                                                                                                                                                193
194                                                                                                                                                                                                194
195                                                                                                                                                                                                195
196                                                                                                                                                                                                196
  1  2   197   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   197   84 85
3 4                                                                                                                                                                                                82 83
198                                                                                                                                                                                                198