Form 41 - Schedule P - Part-Year Resident Trust Computation Of Tax

Name of trust

Oregon business identification number (BIN)

Federal employer identification number (FEIN)

Schedule 1 —Oregon Changes to Distributable Net Income (DNI)

and Taxable Income of Fiduciary (TIF)

Column A

Column B

DNI

TIF

12. Distributable net income (from federal Form 1041, Schedule B, line 7) ....................... 12

13. Taxable income of fiduciary (from federal Form 1041, line 22) ..............................................................................13

14. Changes in depreciation for Oregon (see instructions for Form 41, line 24) ................. 14

15. Other changes. Identify ___________________________________ ................................. 15

16. Line 14 plus line 15 ........................................................................................................ 16

17. Revised distributable net income (Column A, line 12 plus line 16)

Enter here and on page 1, line 1 .................................................................................... 17

18. Total taxable income (Column B, line 13 plus line 16) ...........................................................................................18

19. Changes included on Column A, line 16, that were distributed (see instructions on page 1) ...............................19

20. Revised taxable income of fiduciary (total or net of lines 18 and 19)

Enter here and on page 1, line 4 ............................................................................................................................20

Schedule 2 —Fiduciary Adjustment

(refer to specific instructions for Form 41)

Subtractions

21. 2012 federal income tax subtraction —limited to $6,100 (see Form 41 instructions) ............................................21

22. Interest on U.S. obligations included in income on federal Form 1041 $________________,

less allocation of administration and miscellaneous expenses $________________ .............................................22

23. Oregon income tax refund included as income on federal Form 1041 .................................................................23

24. Other subtractions (attach explanation) ................................................................................................................24

25. Add lines 21 through 24 ........................................................................................................................................25

Additions

26. Oregon income tax deducted on 2012 federal Form 1041 ...................................................................................26

27. Interest on obligations of other states or their political subdivisions ....................................................................27

28. Depletion in excess of adjusted basis ...................................................................................................................28

29. Estate taxes on income in respect to a decedent not taxable by Oregon ............................................................29

30. Other additions (attach explanation) .....................................................................................................................30

31. Add lines 26 through 30 ........................................................................................................................................31

32. Fiduciary adjustment (difference between lines 25 and 31) ..................................................................................32

This fiduciary adjustment is to be

added or

subtracted. Enter amount on page 1, line 5.

Attach this schedule to your Oregon Form 41

150-101-051 (Rev. 12-12) DRAFT 09-12-12

Sch P, page 2 of 2