Forms FIA-40N-FIA-40P-Schd Z Fillable Farm Income Averaging (part-year resident and nonresident)

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4a 4b Attach your completed Form FIA 40N to your Oregon Form 40N Attach your completed Form FIA 40P to your Oregon Form 40P Full Year Return for 2011 Part Year or Nonresident Return for 2010 Part Year or Nonresident Return for 2011 Salem 503 378 4988 $10 850 For the Oregon column John adds $22 950 from line $10 850 on line 9a and negative $27 250 on line 9b of the $2 850 and is entered in the Oregon column on line 1(b) of $22 950 $9 000 $9 000 was carried back to tax year 2010 and completely (Clear This Page) Clear This Page (Clear This Page) Clear This Page (Clear This Page) Clear This Page (Clear This Page) Clear This Page (Farm Income Averaging) (if 0 or less see instructions) 1a (not more than 100 0%) 4 (not more than 100 0%) 4 % (not more than 100 0%) 4 % (not more than 100 0%) 4 % (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) 1 Enter income after subtractions from your 2013 Oregon Form 40N line 38 1a 1 Enter income after subtractions from your 2013 Oregon Form 40P line 38 1a 1 Figure income after sub 1 If you used Form FIA 40 to figure your tax for 2012 enter the amount from 2012 1 If you used Form FIA 40 to figure your tax for 2012 enter the amount from your 1 If you used Form FIA 40N to figure your tax for 2012 enter the amounts from your 1 If you used Form FIA 40P to figure your tax for 2012 enter the amount from the 1 If you used Schedule Z to figure your tax for 2012 enter the amount from your 1 If you used Schedule Z to figure your tax for 2012 enter the amounts from your 10 Divide line 2b by 3 0 and enter here 10 10 Enter the amount from your 2013 Schedule Z Computation for Tax Year 2010 10 Figure the tax on line 9 using the 2010 Tax Rate Charts Enter the amount here 10 Figure the tax on line 9 using the 2011 Tax Tables or Tax Rate Charts Enter the amount here 10 Figure the tax on line 9 using the 2012 Tax Rate Charts Enter the amount here 10 If there is a loss on your 10b of the 2011 worksheet John enters 0 on line 11a and the 11 Enter the amount from your 2013 Schedule Z Computation for Tax Year 2010 11 Enter the amount from your 2013 Schedule Z Computation for Tax Year 2011 11 If 11b and negative $27 250 from line 9b of the worksheet and 12 Add lines 9 10 and 11 12 Enter the amount from your 2013 Schedule Z Computation for Tax Year 2011 12 Enter the amount from your 2013 Schedule Z Computation for Tax Year 2012 13 Add lines 8 10 11 and 12 13 13 Enter the amount from your 2013 Schedule Z Computation for Tax Year 2012 13 Figure the taxable income 14 2010 tax If you used FIA to figure your tax for 2012 enter the amount from your 14 Add lines 9 11 12 and 13 14 14 If there is a loss on your 15 2010 Tax If you used FIA to figure your tax for 2012 enter the amount from your 2012 15 2011 tax If you used FIA to figure your tax for 2012 enter the amount from your 15 If 150 101 161 (Rev 12 13) 150 101 161 (Rev 12 13) 150 101 161 (Rev 12 13) 150 101 161 (Rev 12 13) 150 101 161 (Rev 12 13) Continued on next page 16 2011 tax If you used FIA to figure your tax for 2012 enter the amount from your 2012 16 2012 tax If you used FIA to figure your tax for 2012 enter the amount from your 16 Add lines 13 14 and 15 16 Enter the result here 10a 16 Enter the result here 18a 16 the carryover from 2010 to 2011 17 2012 tax If you used FIA to figure your tax for 2012 enter the amount from your 2012 17 Add lines 14 15 and 16 17 17 Figure income after sub 18 Add lines 15 16 and 17 18 18 If there is a loss on your 18 Line 13 minus line 17 18 19 Figure the tax on the amount on your 2013 Form 40P line 48 using the 2013 tax rate charts from 19 If 19 Line 14 minus line 18 19 2 Enter amount from 2013 Form FIA 40 line 6; Form FIA 40N line 10; 2 Enter amount from 2013 Form FIA 40 line 6; Form FIA 40N line 10; 2 Enter amount from 2013 Form FIA 40 line 6; Form FIA 40N line 10; or 2 Enter amount from 2013 Form FIA 40 line 6; Form FIA 40N line 10; or 2 Enter amount from 2013 Form FIA 40 line 6; Form FIA 40N line 10; or 2 Enter in both columns your elected farm income from Oregon sources 2 Enter your elected farm income from Oregon sources 2 If there is a loss on your 2010 20 Add lines 17 18 and 19 20 Figure the tax on the amount on your 2013 Form 40N line 50 using the Form 40N 2013 tax rate charts 20 Is line 18 less than line 19? If yes enter the amount from line 18 here and on Form 40P line 50 and 2010 Do not include any 2010 Form 40 line 28; or Form 40S line 12 (if 0 or less see instructions) 1 2010 Form 40 line 29; Form 40S line 13; Form 40N line 51; or Form 40P line 50 14 2010 line 1 in the federal 2010 Oregon Form 40N line 47 5 2010 Taxable Income WorksheetFederal (a) Oregon (b) 2011 and were carried to tax 2011 capital loss carryover 2011 Enter the 2011 federal Schedule D 2011 federal Schedule D line 2011 is completely 2011 line 1 in the 2011 of $22 950 for Oregon only 2011 or 2012 and if your income after subtractions for either 2011 Oregon Form 40N line 47 5 2011 Taxable Income Worksheet 2011 that were not used in 2011 worksheet 2012 and were carried to 2012 capital loss carryover 2012 Do not include any 2012 enter it as a positive 2012 federal Schedule D 2012 for federal or Oregon 2012 Form 40N lines 38F and 38S (if 0 or less see instructions) 1a 2012 Form 40P lines 38F and 38S (if 0 or less see instructions) 1a 2012 Form FIA 40 line 11 If you used Schedule Z to figure your tax for 2012 2012 Form FIA 40 line 12; Form FIA 40N line 12; or Form FIA 40P line 11 If 2012 Form FIA 40 line 16; Form FIA 40N line 13; or Form FIA 40P line 12 If 2012 Form FIA 40 line 3 Otherwise enter the amount shown on your 2012 2012 Form FIA 40 line 4; Form FIA 40N line 9; or Form FIA 40P line 8 Otherwise 2012 Form FIA 40N lines 3a and 3b Otherwise enter the amount shown on your 2012 Form FIA 40P lines 3a and 3b Otherwise enter the amount shown on your 2012 Oregon Form 40N line 47 5 2012 Schedule Z Computation for Tax Year 2010 Computation A lines 3a and 2012 Schedule Z Computation for Tax Year 2010 Computation B lines 3a and 2012 Schedule Z Computation for Tax Year 2011 Computation A lines 3a and 2012 Schedule Z Computation for Tax Year 2011 Computation B lines 3a and 2012 Taxable Income Worksheet 2013 Form 40P line 47 5 2013 Schedule Z Tax Year 21 Figure the taxable income 21 Is line 19 less than line 20? If yes enter the amount from line 19 here and on Form 40N line 51 and 22 If there is a loss on your 23 If 24 Add lines 21 22 and 23 3 Add lines 1 and 2 3 3 Add lines 1 and 2 3 3 Add lines 1 and 2 in both the federal and Oregon columns 3a 3 Add lines 1 and 2 in both the federal and Oregon columns 3a 3 Add lines 1 and 2 in both the federal and Oregon columns 3a 3 Line 1 minus line 2 in both the federal and Oregon columns 3a 38s (if 0 or less see instructions) 1a 3b If you did not income average for 2012 but did in 2011 enter the amount from 3b If you did not use Schedule Z to figure your tax for 2012 but did for 2011 4 Add lines 1 2 and 3 4 Figure the tax on line 3 using the 2010 Tax Tables or Tax Rate Charts Enter the amount here 4 Figure the tax on line 3 using the 2011 Tax Tables or Tax Rate Charts Enter the amount here 4 Figure the tax on line 3 using the 2012 Tax Tables or Tax Rate Charts Enter the amount here 4 Recompute the Oregon percentage Divide line 3b by line 3a 4 Recompute the Oregon percentage Divide line 3b by line 3a 4 Recompute the Oregon percentage Divide line 3b by line 3a 4 Recomputed Oregon percentage Divide line 3b by line 3a 40S line 13; Form 40N line 51; or Form 40P line 50 15 5 Enter allowable deductions and modifications from your 5 Enter deductions and modifications from line 4 of the worksheet for your 5 Enter deductions and modifications from line 4 of the worksheet for your 5 Enter the amount from your 2010 Oregon Form 40P line 48 5 5 Enter the amount from your 2011 Oregon Form 40P line 47 5 5 Enter the amount from your 2012 Oregon Form 40P line 47 5 5 Figure the taxable income from 5 Multiply the allowable deductions and modifications from 6 Enter your deductions and modifications not multiplied by the Oregon 6 If there is a loss on your 2010 6 Line 3a minus line 5 Enter the result here 6 6 Line 3a minus line 5 Enter the result here 6 6 Multiply the amount on line 5 by the recomputed Oregon percentage 6 Multiply the amount on line 5 by the recomputed Oregon percentage on line 4 6 7 Add lines 5 and 6 7 Enter the amount from your 2010 Oregon Form 40N line 48 7 7 Enter the amount from your 2011 Oregon Form 40N line 48 7 7 Enter the amount from your 2012 Oregon Form 40N line 48 7 7 Figure the tax on line 6 using the 2010 Tax Rate Charts 7 7 Figure the tax on line 6 using the 2011 Tax Tables or Tax Rate Charts 7 7 Figure the tax on line 6 using the 2012 Tax Rate Charts 7 7 Figure the tax on line 6 using the 2013 Tax Rate Charts 7 8 Add lines 5 6 and 7 Enter 8 Add lines 6 and 7 8 8 Add lines 6 and 7 8 8 Line 3b minus line 7 Enter the result here 8 Multiply line 7 by the Oregon percentage on line 4 Enter the amount here 8 Multiply line 7 by the Oregon percentage on line 4 Enter the amount here and 8 Multiply line 7 by the recomputed Oregon percentage on line 4 8 9 Divide line 2b by 3 0 and enter here 9 9 Figure income after 9 Figure the tax on line 8 using the 2013 Tax Rate Charts 9 Line 3b minus line 8 Enter the result here 9 9 Line 3b minus line 8 Enter the result here 9 A farming business does not include: A farming business is the trade or business of cultivating a full year resident with taxable income that was 0 or less a positive amount the portion a positive number in the absorbed absorbed in 2010 there is no carryover to tax years after 2010 actual loss NOLD means net operating loss deduction and the loss on your 2010 federal add that loss (as a positive adds 0 to the $25 906 and enters the result positive $25 906 adjustment is made on line 10b since the capital loss deduction after 2011 11a after 2012 19a agricultural all income gains losses and deductions attributable to any also entered on Form 1040 line 13) a $7 000 loss on Schedule Americans with Disabilities Act (ADA): Call amount amount from FIA 40 line 6; Form FIA 40N line 10; or Form amount here amount here Otherwise amount of the loss on your amount) and your 2010 capital amounts from your 2012 Schedule Z Computation for Tax Year 2011 Computation and carrybacks to 2010 that were and carrybacks to 2012 and enter here 19 and enter here 20 and on Form FIA 40 line 12; Form FIA 40N line 12; or Form FIA 40P line 11 10 and on Form FIA 40 line 12; Form FIA 40N line 12; or Form FIA 40P line 11 4 and on Form FIA 40 line 12; Form FIA 40N line 12; or Form FIA 40P line 11 8 and on Form FIA 40 line 16; Form FIA 40N line 13; or Form FIA 40P line 12 10 and on Form FIA 40 line 16; Form FIA 40N line 13; or Form FIA 40P line 12 4 and on Form FIA 40 line 8; Form FIA 40N line 11; or Form FIA 40P line 10 10 and on Form FIA 40 line 8; Form FIA 40N line 11; or Form FIA 40P line 10 4 and on your 2013 Schedule and on your 2013 Schedule Z and Oregon columns and Schedule Z for Farm Income Averaging 2013 and were carried to tax years animals applies appropriate column are needed to complete Form FIA 40N lines 11 through 13; Asistencia en espa ol: back from other years if back from other years if be from property (other than land) regularly used by you in bearing Because Before you can complete Schedule Z you will need the business but did in 2010 enter the amount from 2010 FIA 40 line 4; FIA 40N line 9; or but did in 2010 enter the amount from your 2010 FIA 40N lines 3a and 3b but did in 2010 enter the amount from your 2010 FIA 40P lines 3a and 3b but is a resident of Idaho John files as a nonresident for but only if the lease payments are based on a share of the buying by the recomputed Oregon percentage shown above 5 C line 3 If you used Form FIA 40 for tax year 2011 but not for 2012 enter capital capital loss carryover to 2012 capital loss carryover to the next tax year do not reduce the caring carried carried to tax years after 2010 3a 3b carry carry carry carry carry carrybacks carrybacks to 2012 that carryover carryover carryover or carryback from carryover or carryback from carryovers carryovers carryovers and carrybacks carryovers and carrybacks to check box 50a on Form 40P If no STOP: your tax is not reduced by using FIA Complete your check box 51b on Form 40N If no STOP: your tax is not reduced by using FIA Complete your column column Otherwise enter as column Otherwise enter as a combines commodity grown or raised by someone else or commodity This includes: compensation complete Computation Computation Computation Computation Computation Computation Computation A Complete if you filed Form 40N for tax year 2010 Computation A Complete if you filed Form 40N for tax year 2011 Computation A Complete if you filed Form 40N for tax year 2012 Computation A line 10; Computation B line 8; or Computation C line 4; Computation A line 10; Computation B line 8; or Computation C line 4; Computation A line 10; Computation B line 8; or Computation C line 4; Computation A lines 3a and 3b If you did not income average in 2011 or 2012 Computation B Complete if you filed Form 40P for tax year 2010 Computation B Complete if you filed Form 40P for tax year 2011 Computation B Complete if you filed Form 40P for tax year 2012 Computation B lines 3a and 3b If you did not income average in 2011 or 2012 Computation C (continued) Computation C Complete if you filed Form 40 for tax year 2010 Computation C Complete if you filed Form 40 for tax year 2011 Computation C Complete if you filed Form 40 for tax year 2012 Computation C line 3 If you did not use Form FIA 40 for tax year 2012 but did COMPUTATION FOR TAX YEAR 2010 COMPUTATION FOR TAX YEAR 2010 (continued) Computation for Tax Year 2010 Computation C line 3 If you did not use COMPUTATION FOR TAX YEAR 2011 COMPUTATION FOR TAX YEAR 2012 Computation of 2013 Tax Computation of 2013 Taxable Income Continued on next page Contract copies of prior years returns for a fee from the Oregon crops D line 16 and a $4 000 capital loss carryover to 2011 Department of Revenue You will also need tax booklets for either Elected farm income elected farm income allocated to that base year by any part En Salem o fuera de Oregon 503 378 4988 engaged enter enter amounts as a positive enter it as a positive amount enter the amount from the 2012 Schedule Z Computation for Tax Year 2010 enter the amounts from your 2011 Schedule Z Computation for Tax Year 2010 enter the portion (if any) Enter the result here Enter the result here Enter the result here 17a Enter the result here 1a 1b Enter the result here and on enter the tax from your 2012 Form 40 line 29; Form 40N line 51; or enters 0 in both columns on line 2 of the 2010 worksheet enters negative $4 300 on line 12b These figures represent evergreen Example: John Farmington owns a farm in Ontario Oregon farm income of $18 000 on line 2 of Form FIA 40N His 2010 farming Farming business farming business However it does not include gain from farming on Form FIA 40N or Form FIA 40P line 2 federal Federal (a) federal and Oregon columns Federal column Federal column Federal column Oregon column Federal column Oregon column federal or Oregon was zero or less for any of these three tax federal Schedule D line federal Schedule D line 21 feeding FIA 40 line 16; Form FIA 40N line 13; or Form FIA 40P line 12 If you did not FIA 40 line 4; Form FIA 40N line 9; or Form FIA 40P line 8 Otherwise enter FIA 40 lines 8 12 and 16 FIA 40N 2013OREGON FARM INCOME AVERAGING FIA 40N or Form FIA 40P line 2 Do not enter more than FIA 40P FIA 40P 2013OREGON FARM INCOME AVERAGING FIA 40P line 8 Otherwise enter the tax from your 2010 Form 40 line 29; Form Figures for 2010 2011 or 2012 For tax year 2013 John has elected for 2010 2011 or 2012 use the worksheets below to figure for 2011 enter the amount from 2011 Form FIA 40 line 15 If you used for each column Enter the for federal and negative $27 250 for Oregon John enters for federal or Oregon or both for Oregon only no adjustment is necessary for the capital for tax year 2010 John enters both of these figures on Schedule for tax year 2011 John enters both of these figures on For tax year 2011 John s income after subtractions is $10 850 For tax year 2012 John s income after subtractions is not Form 40 line 28; (if 0 or less see instructions) 1 Form 40 line 29; Form 40N line 51; or Form 40P line 50 16 Form 40N or Form 40P Form 40N or Form 40P Form 40N without using FIA 21 Form 40P instructions Multiply the result by the Oregon percentage on your 2013 Form 40P line 39 Form 40P line 50 16 Form 40P without using FIA 20 Form FIA 40 line 12; Form FIA 40N line 12; or Form FIA 40P line 11 If you did not Form FIA 40 line 15 If you used Schedule Z to figure your tax for 2012 enter the Form FIA 40 line 16; Form FIA 40N line 13; or Form FIA 40P line 12 If you did not Form FIA 40 line 4; Form FIA 40N line 9; or Form FIA 40P line 8 Otherwise enter Form FIA 40 to figure your tax in 2012 or 2011 but did in 2010 enter the amount Form FIA 40N line 13; or Form FIA 40P line 12 If you did not use FIA in 2012 or 2011 Form FIA 40N line 9; or Form FIA 40P line 8 Otherwise enter the tax from your 2011 Form FIA 40P line 9 2 Form FIA 40P line 9 2a Form FIA 40P line 9 2a from federal Schedule J line 2; or from Oregon Form 40N line 19S 2a from federal Schedule J line 2; or from Oregon Form 40P line 19S 2a from our website or see page 4 to contact us by phone from that sum the amount from that sum the amount of from your 2010 Form FIA 40 line 3 Otherwise enter the amount shown on your from your 2011 tax return from your 2012 tax return fruits Full Year Return for 2010 Full Year Return for 2012 General tax information www oregon gov/dor Gratis de prefijo de Oregon 1 800 356 4222 grown harvesting Have questions? Need help? here Otherwise enter the horticultural If for any base year you had a capital loss that resulted in a If you were a part year resident or a nonresident for 2010 If your elected farm income includes net capital gain you in 2010 and were carried to in 2010 Enter the result here 5 in 2011 Enter the result here in an S corporation engaged in a farming business In the federal column on line 12a John enters positive include include Include Include income after subtractions of $6 150 The result is negative income after subtractions shown on line 38 of Form 40N income Also the portion of your elected farm income income from farming Taxable income from farming includes income from farming that you elect to include on Form income on Form FIA 40N or FIA 40P line 2 income Oregon law does not Do not include fishing business income tax returns for tax years 2010 2011 and 2012 to figure Instructions for Form FIA 40N Form FIA 40P Instructions for Schedule Z is $25 906 in the federal column and $6 150 in the Oregon is not Oregon source John enters 0 on lines 10a and John adds the amounts on lines 1 2 and 3 and enters the John can complete Schedule Z without using the worksheets John enters 0 in both columns on line 3 of the worksheet John had a $3 000 net capital loss deduction on his 2011 John had no net operating losses for tax year 2010 for either John s recomputed federal and Oregon income after subtractions land or raising or harvesting any agricultural or horticultural Leasing limiting it to 0 Include any line 21 add that loss (as a line 21 add that loss (as a line 4 of the worksheet for your 2013 Oregon Form 40N line 47 line 4; FIA 40N line 9; or FIA 40P line 8 Otherwise enter the tax from your loss carryover to 2011 Subtract loss deduction or for the capital loss carryover to 2011 John loss on your 2011 federal losses managing Merely more than 6 years old when severed from the roots) must allocate an equal portion of the net capital gain to each Name(s) as shown on Oregon Form 40N Name(s) as shown on Oregon Form 40P negative in either the federal or Oregon columns Therefore net capital loss deduction on Schedule D line 21 (which was NOL means net operating loss and applies to the year of the from that sum the amount of Federal (a) Oregon (b) not used in 2010 and were Note: While federal law allows averaging of fishing business number in the appropriate numbers above for information in alternative formats nursery of the base years of the carryover of the loss on your 2012 on Form FIA 40 line 16; Form FIA 40N line 13; or Form FIA 40P line 12 8 on Form FIA 40 line 8; Form FIA 40N line 11; or Form FIA 40P line 10 8 on line 4 and enter here 6 on line 4a of the worksheet These figures represent John s on your 2011 Form 40 line 28 (if 0 or less see instructions) 1 on your 2012 federal Operating or 40P in 2010 2011 or 2012 complete Schedule Z for Form or B line 1 12a or both enter amounts as or Form FIA 40P line 9 2 or Form FIA 40P line 9 2a or Form FIA 40P lines 10 through 12 If you filed Form 40N or loss received during any portion of the year you were an Oregon Oregon Oregon (b) Oregon column Oregon column Oregon column Oregon column Oregon each year John did not use farm income averaging Oregon farm while you were a nonresident and farm income Oregon from your 2010 Oregon from your 2011 Oregon from your 2012 Oregon only no adjustment is necessary on line 10a and no Oregon resident ornamental other other other years if you had a Otherwise enter as a Otherwise enter the amount shown on your 2010 Form 40N lines 38f and Otherwise enter the amount shown on your 2010 Form 40P lines 38f and 38s overs and carrybacks to 2011 overs or carrybacks if you overs or carrybacks if you overs or carrybacks if you Part Year or Nonresident Return for 2012 percentage from 2013 Form 40N line 48 6 plants portion portion (if any) of the positive amount here positive amount the positive amount the portion positive amount) and your positive amount) and your positive amount) and your 2011 previous three years (base years) all or part of your 2013 Prior Years Tax raised by someone else Raising Raising received recomputed federal and Oregon income after subtractions reselling result here 9a result here and on your 2013 result negative $2 850 on line 4b of the worksheet John Salem area or outside Oregon 503 945 8617 Schedule Schedule Schedule Schedule D line 16 Enter Schedule D line 16 Enter Schedule D line 21 and a $7 000 loss on Schedule D line Schedule Z Computation of Tax Schedule Z Tax Year 2010 Schedule Z to figure your tax enter the amounts from your 2011 Schedule Z shareholder shearing Since Social Security number (SSN) source source farm income includes income or loss received from an Subtract from that sum the subtractions for federal and sum the amount of the sum the amount of the loss Tax Year 2012 tax years after 2010 as a tax years after 2012 as a taxable farm income tenant tenant s production (not a fixed amount) that were not used in that were not used in 2011 the 2010 taxable income worksheet John enters $25 906 in the amount from 2011 Form FIA 40 line 3 Otherwise enter the amount shown the amount on line 1 the farm business for a substantial period of time Oregon the federal column on line 1(a) of the 2010 worksheet the loss on your 2010 federal the result here the result here the result here 2a 2b the result here and on your the sale or other disposition of land Gains and losses must the tax from your 2011 Form 40 line 29; Form 40N line 51; or Form 40P line 50 15 the tax from your 2012 Form 40 line 29; Form 40N line 51; or Form 40P line 50 17 those years You can download the forms and instructions to 2010 that were not used to 2012 Subtract from that to 2013 Subtract from that To figure elected farm income first figure your taxable to tax year 2013 Subtract Toll free from an Oregon prefix 1 800 356 4222 Toll free from an Oregon prefix 1 800 886 7204 total net capital gain or your net capital gain attributable to tractions for federal and training treated as a net capital gain cannot exceed the smaller of your trees trees TTY (hearing or speech impaired; machine only): use FIA in 2012 but did for 2011 enter the amount from 2011 Form FIA 40 line 16; use FIA in 2012 but did for 2011 enter the amount from 2011 Form FIA 40 line 4; use FIA in 2012 or 2011 but did in 2010 enter the amount from 2010 FIA 40 Wages were carried to tax years were not used in 2012 and When John filed his 2010 federal tax return he had a $3 000 which which he elected to carryback five years Of the $22 950 loss whichever applies 10 whichever applies 11 whichever applies 12 whichever applies 13 without limiting it to 0 without limiting it to 0 without limiting it to 0 worksheet Year 2011 years years after 2011 as a positive years use the worksheets below to figure the amount to you did not use FIA in 2012 but did for 2011 enter the amount from 2011 Form You do not have to include all of your taxable income from You may elect to figure your 2013 tax by averaging over the You will need copies of your original or amended Oregon your 2010 tax return without your 2011 Form 40N lines 38F and 38S (if 0 or less see instructions) 1a your 2011 Form 40P lines 38F and 38S (if 0 or less see instructions) 1a your 2011 Form FIA 40N line 3a and 3b Otherwise enter the amount shown on your 2011 Form FIA 40P lines 3a and 3b Otherwise enter the amount shown on your 2013 Schedule Z Tax your 2013 Schedule Z Tax Year Your elected farm income cannot exceed your Oregon taxable Your elected farm income is the amount of your taxable your farming business your tax on Form FIA 40N or Form FIA 40P You can obtain Z Tax Year 2012

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