Instructions For 2006 Form Fia-40 - Farm Income Averaging (Page 4 of 4) in pdf

rep re sents John’s re com put ed Or e gon tax able in come for

the $3,000 from Schedule D, line 21, and the $5,000 carryover.

tax year 2004.

He reduces the result by the $7,000 loss on his Schedule D,

line 16, and enters $1,000 on line 10 of the 2005 worksheet.

For tax year 2005, John’s taxable income from Form 40,

line 28 is negative $1,750. This amount includes an NOLD

John enters -0- on line 11 of the worksheet because he does

of $2,300 which was the portion of the 2004 NOL that was

not have an NOL for 2005 and did not have any remaining

re main ing to be carried forward from tax year 2003. John

NOLD to carryforward. John’s $2,300 NOLD for 2005 was

does not have an NOL for tax year 2005. John enters a nega-

re duced to -0- because it did not exceed his federal AGI as

tive $1,750 on line 9 of the 2005 worksheet.

modified for the capital loss deduction, the net op er at ing loss,

and the standard or recomputed item ized de duc tions. John

John had a $3,000 net capital loss deduction on Sched ule

adds lines 9, 10, and 11 (< $1,750 > + $1,000 + $0), and enters

D, line 21, a $7,000 loss on Schedule D, line 16, and a $5,000

the result, a negative $750, on line 12 of the worksheet and

cap i tal loss carryover to 2005 (his 2004 capital loss carryover

on 2006 Form FIA-40, line 13. This fig ure rep re sents John’s

to 2005 was $5,000, not $4,000, because his fed er al tax able

re com put ed Or e gon tax able in come for tax year 2005.

income before exemptions was a neg a tive $1,000). John adds

Taxpayer assistance

Telephone

Salem ................................................................ 503-378-4988

Internet

Toll-free from Oregon prefix ........................1-800-356-4222

• Download forms and publications

Call one of the numbers above to:

• Get up-to-date tax information

• Check on the status of your 2006

• E-mail: questions.dor@state.or.us

personal income tax refund

This e-mail address is not secure. Do not

(beginning February 1).

send any personal information. General

• Order tax forms.

questions only.

• Hear recorded tax information.

For help from Tax Services, call one of the numbers above:

Correspondence

Monday through Friday ......................................7:30 a.m.–5:00 p.m.

Write to: Oregon Department of Revenue, 955

Closed Thursdays from 9:00 a.m.–11:00 a.m. Closed on holidays.

Cen ter St NE, Sa lem OR 97301-2555. Include

Extended hours during tax season:

your So cial Se cu ri ty num ber and a day time

April 2–April 16, Monday–Friday .....................7:00 a.m.–7:00 p.m.

tele phone num ber for fast er service.

Saturday, April 14 ..................................................9:00 a.m.–4:00 p.m.

Wait times may vary.

Field offices

Asistencia en español:

Get forms and assistance at these offices. Don’t send your

Salem ................................................................ 503-945-8618

re turn to these ad dress es.

Gratis de prefi jo de Oregon ........................1-800-356-4222

TTY (hearing or speech impaired; machine only):

Bend 951 SW Simpson Avenue, Suite 100

Salem ................................................................ 503-945-8617

Eugene 1600 Valley River Drive, Suite 310

Toll-free from Oregon prefi x ......................1-800-886-7204

Gresham 1550 NW Eastman Parkway, Suite 220

Americans with Disabilities Act (ADA): Call one of the help

Medford 3613 Aviation Way, #102

numbers for information in alternative formats

Newport 119 NE 4th Street, Suite 4

North Bend 3030 Broadway

To get forms

Pendleton 700 SE Emigrant, Suite 310

Portland 800 NE Oregon Street, Suite 505

Income tax booklets are available at many post of fic es,

Salem Revenue Building, 955 Center Street NE, Room 135

banks, and libraries. For booklets and other forms and

Salem 4275 Commercial Street SE, Suite 180

publications, you can also access our website, order by

Tualatin 6405 SW Rosewood Street, Suite A

telephone, or write to: Forms, Or e gon Department of

Revenue, PO Box 14999, Salem OR 97309-0990.

150-101-160 (Rev. 12-06)

Instructions For 2006 Form Fia-40 - Farm Income Averaging Page 4

Related Articles

Related forms

Related Categories