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             2023 Schedule OR-FIA-40-P
6           Page 1 of 2, 150-101-166                   Oregon Department of Revenue                                  18462301010000                                                                    6
7           (Rev. 08-29-23, ver. 01)                                                                                                                                                                   7
8            Oregon Farm Income Averaging for Part-year Residents                                                                                                                                      8
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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                                                                                                                                                                                                     16
17          Tax on 2023 income without elected farm income                                                                                                                                             17
                                                                                                                     Federal column                                                  Oregon column
18            1.  Enter your 2023 income after subtractions from Form OR-40-P,                                                                                                                         18
19                lines 34F and 34S ..................................................................... 1a.        999,999,999.00.00 1b.                                           999,999,999.00.00 19
20            2.  Enter your 2023 elected farm income from Oregon sources                                                                                                                              20
21                from federal Schedule J, line 2a, or from Form OR-40-P,                                                                                                                              21
22                line 18S ..................................................................................... 2a. 999,999,999.00.00 2b.                                           999,999,999.00.00 22
23            3.  Line 1 minus line 2 in both columns ......................................... 3a.                  999,999,999.00.00 3b.                                           999,999,999.00.00 23
24            4.  Recomputed Oregon percentage. Line 3b divided by line 3a                                                                                                                             24
25                (not more than 100%) ................................................................. 4.          999.9.         %                                                                  25
26            5.  Enter the amount shown on line 42 of your 2023 return ............. 5.                             999,999,999.00.00                                                                 26
27             6.  Taxable income without elected farm income. Line 3a minus                                                                                                                           27
28                line 5 ........................................................................................................................................................ 6. 999,999,999.00.00 28
29             7.  Figure the tax on the amount on line 6 using the 2023                                                                                                                               29
30                rate charts ............................................................................................................................................... 7.     999,999,999.00.00 30
31             8. Recomputed tax. Line 7 multiplied by the recomputed                                                                                                                                  31
32                Oregon percentage on line 4, above  ...................................................................................................... 8.                      999,999,999.00.00 32
33                                                                                                                                                                                                     33
34          One-third of 2023 elected farm income                                                                                                                                                      34
35            9.  Line 2b divided by three ......................................................................................................................... 9.              999,999,999.00.00 35
36                                                                                                                                                                                                     36
37          Tax on base year income from Schedule OR-FIA-COMP                                                                                                                                          37
38           10.  Base year 2020. Enter the recomputed 2020 tax from                                                                                                                                   38
39                Computation for base year 2020, Computation A,                                                                                                                                       39
40                line 10; Computation B, line 8; or Computation C, line 4 ..................................................................... 10.                                 999,999,999.00.00 40
41           11.  Base year 2021. Enter the recomputed 2021 tax from                                                                                                                                   41
42                Computation for base year 2021, Computation A, line 10;                                                                                                                              42
43                Computation B, line 8; or Computation C, line 4 .................................................................................. 11.                             999,999,999.00.00 43
44           12.  Base year 2022. Enter the recomputed 2022 tax from                                                                                                                                   44
45                Computation for base year 2022, Computation A,                                                                                                                                       45
46                line 10; Computation B, line 8; or Computation C, line 4. .................................................................... 12.                                 999,999,999.00.00 46
47           13.  Add lines 9, 11, 12, and 13 ................................................................................................................... 13.                999,999,999.00.00 47
48                                                                                                                                                                                                     48
49          Computation of 2023 tax                                                                                                                                                                    49
50          For this section, if you used FIA to figure your tax for any base year, see the instructions for the amounts to enter on lines 14, 15,                                                     50
51          and 16. Otherwise, enter the tax amounts for each base year as directed.                                                                                                                   51
52           14.  2020 tax:                                                                                                                                                                            52
53                Enter the tax from your 2020 Form OR-40, line 20,                                                                                                                                    53
54                OR-40-N, line 46, or OR-40-P, line 45 ................................................................................................... 14.                      999,999,999.00.00 54
55           15.  2021 tax:                                                                                                                                                                            55
56                Enter the tax from your 2021 Form OR-40, line 20,                                                                                                                                    56
57                OR-40-N, line 46, or OR-40-P, line 45 ................................................................................................... 15.                      999,999,999.00.00 57
58           16.  2022 tax:                                                                                                                                                                            58
59                Enter the tax from your 2022 Form OR-40, line 20,                                                                                                                                    59
60                OR-40-N, line 46, or OR-40-P, line 45 ................................................................................................... 16.                      999,999,999.00.00 60
61           17.  Add lines 14, 15, and 16 ....................................................................................................................... 17.               999,999,999.00.00 61
62           18.  Tax using FIA. Line 13 minus line 17 ................................................................................................... 18.                       999,999,999.00.00 62
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             2023 Schedule OR-FIA-40-P
72           Page 2 of 2, 150-101-166            Oregon Department of Revenue  18462301020000                                                                                  72
73           (Rev. 08-29-23, ver. 01)                                                                                                                                          73
74                                                                                                                                                                             74
75                                       (continued)                                                                                                                           75
             Computation of 2023 tax 
76            19. Tax without using FIA. Using the 2023 tax rate charts,                                                                                                       76
77                figure the tax on the amount on line 43 of your part-year                                                                                                    77
78                return, then multiply the tax by your Oregon                                                                                                                 78
79                percentage on line 35. Enter the result here ......................................................................................... 19. 999,999,999.00.00 79
80            20.  Is line 18 less than line 19? If yes: Enter the amount from                                                                                                 80
81                line 18 here and on lines 44 and 45 of your return, and                                                                                                      81
82                check box 44a. If no: FIA doesn’t reduce your                                                                                                                82
83                tax. Complete your return without using FIA ........................................................................................ 20.   999,999,999.00.00 83
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86                  —Don’t include this schedule with your Oregon return. Keep it with your records.—                                                                          86
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