Form Worksheet FCG-20 Fillable Farm Liquidation Long-Term Capital Gain Tax Rate
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Any other agricultural horticultural or animal husbandry Dairying and selling dairy products Feeding breeding managing or selling livestock Growing and harvesting cultured Christmas trees or On site construction and maintenance of equipment Preparation storage or disposal of products or byproducts Propagating cultivating maintaining or harvesting Raising harvesting and selling crops Stabling or training of horses including providing (Clear Form) Clear Form (if zero or less do not continue) 1 (reduced by any farm NLTCG from non unitary affiliates included in the federal consolidated return) 6 (reduced by any NLTCG from non unitary affiliates included in the federal consolidated return) 1 (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) (text) 10 Total Oregon farm NLTCG (line 8 plus line 9) 10 100 percent if all business is done in Oregon or Oregon apportionment percentage from 11 Farm NLTCG (lesser of line 5 or line 10) 11 150 102 167 Worksheet FCG 20 (Rev 10 14) A reduced tax rate is available if you sold or exchanged activity Add line 4 and line 6 7 Americans with Disabilities Act (ADA): Call one of the and facilities used in farming activities aquatic species birds and other animals as defined under Internal Revenue Code section 267(b) Asistencia en espa ol: at the personal level please use Form FCG (150 101 167) be ensured General tax and policy questions only Calculation of qualified farm gain Calculation of tax adjustment from sale of qualified farm assets capital assets used in farming The sale or exchange must certain hardwood timber considered to be ownership of property employed in the Corporations compute tax using a rate as shown in the Email corp help dor@oregon gov employed in farming activities Enter the smaller of line 1 or line 2 above 5 Enter this amount on Form 20 line 17 or Form 20 S line 8 9 entity before the sale or exchange If the income is taxed entity qualifies for the special tax rate The taxpayer must exchange to a subsidiary/affiliate in the unitary group Farm Liquidation Long Term Capital Gain Tax Adjustment (ORS 317 063) Farm net long term capital gain (NLTCG) (from line 11 below) 2 Farm NLTCG from non business activity included in Schedule AP 2 line 7 9 Farming activities do not include growing and harvesting Farming activities include: farming business or a termination of all your ownership General tax information www oregon gov/dor Gratis de prefijo de Oregon 1 800 356 4222 harvesting cultured Christmas trees or certain hardwood have had at least a 10 percent ownership interest in the have taxable Oregon income help numbers for information in alternative formats instructions for Form 20 and 20 S Instructions for Worksheet FCG 20 interest in a farming corporation partnership or other interest in property that is used in a farming business Lines 4 and 8 (Oregon Tax Computation) long term capital gain is zero or a loss or if you do not Modified taxable income (subtract line 2 from line 1 but not less than zero) 3 Multiply line 5 by 5 percent 6 Name of taxpayer (as shown on return) Business identification number (BIN) Federal employer identification number (FEIN) Tax year NLTCG from non business activity included in Schedule AP 2 line 7 4 on the front of Form 20 or 20 S and include with your Oregon farm NLTCG from business activity (line 6 multiplied by line 7) 8 Oregon NLTCG from business activity (line 1 multiplied by line 2) 3 Oregon tax on the amount on line 1 (see instructions) 8 Oregon tax on the amount on line 3 (see instructions) 4 Oregon taxable income from Form 20 line 15 or Form 20 S line 6 Ownership of a farm dwelling or farm homesite is not Partnerships or S corporations The sale of ownership Please mark the FCG 20 box on the front of your return and attach the worksheet to your return poultry fur bearing animals or honeybees or the produce thereof qualified gain Complete the worksheet check the box raised for human or animal use on land represent a substantially complete termination of your return You do not need to complete the form if your net riding lessons training clinics and schooling shows Salem 503 378 4988 Salem 503 945 8617 Schedule AP 1 line 22 2 Schedule AP 1 line 22 7 Subtract line 7 from line 8 if line 7 is less than line 8 (if line 7 is greater than line 8 do not continue) Taxpayer assistance This email address is not secure and confidentiality cannot timber [ORS 317 063(a)(H)] to calculate the special tax rate Toll free from Oregon prefix 1 800 356 4222 Toll free from Oregon prefix 1 800 886 7204 Total farm NLTCG from business activity included on federal Form 1120 or 1120 S Schedule D line 15 Total NLTCG from business activity included on federal Form 1120 or 1120 S Schedule D line 15 Total Oregon NLTCG (line 3 plus line 4) 5 trade or business of farming trees of a marketable species other than growing and TTY (hearing or speech impaired; machine only): Use with Forms 20 20 S and 65 to reduce your tax on the Worksheet FCG 20 You may not claim the special tax rate on a sale or