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Schedule
Oregon Special Marital Property
OSMP
Calculation for Form IT-1
Estate of:
Decedent’s Social Security number
Date of Death
1. Gross estate, Form IT-1, part 2, line 1 ............................................... 1.
LESS:
2. Schedule J .................................................2.
3. Schedule K ................................................3.
4. Schedule L ................................................4.
5. Schedule M (federal only) ..........................5.
6. Schedule O ................................................6.
7. Schedule T (Oregon only) ..........................7.
8. Total deductions (add lines 2-7) ........................................................ 8.
9. Net distributable estate (line 1 minus line 8).................................................................................. 9.
10. LESS: Oregon filing threshold ................................................................................................... 10.
11. Minimum OSMP deduction needed to reduce Oregon tax to zero (line 9 minus line 10) ............ 11.
Specific assets for OSMP election. You may make an OSMP election for all or part of a trust or other property. If you
make a partial election of any item, enter the fractional portion or percentage in column B.
A. Schedule &
B. Portion
C. Property description
D. Amount
item number
Total
12. Total property interests listed (from column D above) ............................................................... 12.
13. Total from attached continuation schedules (if needed)............................................................ 13.
14. Total OSMP (add lines 12 and 13). Enter on the Schedule M for Oregon only and add this
amount to Form IT-1, Recapitulation, part 5, line 20 ................................................................. 14.
Attach to Form IT-1, with Oregon only Schedule M, and notarized OSMP election consents
150-103-004 (Rev. 08-09)
Schedule OSMP, page 1 of 2