Form Fia-40 - Oregon Farm Income Averaging - 2011 Page 5
Download a blank fillable Form Fia-40 - Oregon Farm Income Averaging - 2011 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form Fia-40 - Oregon Farm Income Averaging - 2011 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4
5line 6 of the worksheet. John enters $22,950 on line 7 of the
John enters -0- on line 11 of the worksheet because he does
worksheet, his 2009 NOL.
not have an NOL for 2010 and did not have any remaining
NOLD to carryforward. John’s $2,300 NOLD for 2010 was
John adds lines 5, 6, and 7 (< $30,250 > + $3,000 + $22,950)
reduced to -0- because it did not exceed his federal AGI as
and enters the result, a negative $4,300, on line 8 of the work-
modified for the capital loss deduction, the net operating
sheet and on 2011 Form FIA-40, line 9. This figure represents
loss, and the standard or recomputed itemized deductions.
John’s recomputed Oregon taxable income for tax year 2009.
John adds lines 9, 10, and 11 (< $1,750 > + $1,000 + $0), and
For tax year 2010, John’s taxable income from Form 40,
enters the result, a negative $750, on line 12 of the worksheet
line 28 is negative $1,750. This amount includes an NOLD
and on 2011 Form FIA-40, line 13. This figure represents
of $2,300 which was the portion of the 2009 NOL that was
John’s recomputed Oregon taxable income for tax year 2010.
remaining to be carried forward from tax year 2008. John
Have questions? Need help?
does not have an NOL for tax year 2010. John enters a nega-
tive $1,750 on the 2010 worksheet, line 9.
General tax information ...................
Salem ................................................................. 503-378-4988
John had a $3,000 net capital loss deduction on Schedule
Toll-free from an Oregon prefix .................. 1-800-356-4222
D, line 21, a $7,000 loss on Schedule D, line 16, and a $5,000
capital loss carryover to 2010 (his 2009 capital loss carryover
Asistencia en español:
to 2010 was $5,000, not $4,000, because his federal taxable
En Salem o fuera de Oregon .......................... 503-378-4988
income before exemptions was a negative $1,000). John adds
Gratis de prefijo de Oregon ......................... 1-800-356-4222
the $3,000 from Schedule D, line 21, and the $5,000 carryover.
TTY (hearing or speech impaired; machine only):
He reduces the result by the $7,000 loss on his Schedule D,
Salem area or outside Oregon ....................... 503-945-8617
line 16, and enters $1,000 on the 2010 worksheet, line 10.
Toll-free from an Oregon prefix .................. 1-800-886-7204
Americans with Disabilities Act (ADA): Call one of the help
numbers above for information in alternative formats.
4
150-101-160 (Rev. 12-11)
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial