Fillable Form Fia-40n - Oregon Farm Income Averaging

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COMPUTATION FOR TAX YEAR 2008 (continued)

Computation C (continued)

Oregon column

2 Enter amount from 2011 Form FIA-40, line 6; Form FIA-40N, line 10; or

Form FIA-40P, line 9 ............................................................................................................................................ 2

3 Add lines 1 and 2 ................................................................................................................................................ 3

4 Figure the tax on line 3 using the 2008 Tax Tables or Tax Rate Charts. Enter the amount here

and on Form FIA-40, line 8; Form FIA-40N, line 11; or Form FIA-40P, line 10 .................................................... 4

COMPUTATION FOR TAX YEAR 2009

Computation A. Complete if you filed Form 40N for tax year 2009.

1 If you used Schedule Z to figure your tax for 2010 enter the amounts from your

2010 Schedule Z, Computation for Tax Year 2009, Computation A, lines 3a and

3b. If you did not income average for 2010 but did in 2009 enter the amount from

Federal column

Oregon column

your 2009 Form FIA-40N, line 3a and 3b. Otherwise, enter the amount shown on

your 2009 Form 40N, lines 38F and 38S (if -0- or less, see instructions)..................... 1a

2 Enter amount from 2011 Form FIA-40, line 6; Form FIA-40N, line 10;

or Form FIA-40P, line 9 .................................................................................................. 2a

3 Add lines 1 and 2 in both the federal and Oregon columns .......................................... 3a

4 Recompute the Oregon percentage. Divide line 3b by line 3a

(not more than 100.0%) .................................................................................................. 4 ___ ___ ___

___%

5 Enter deductions and modifications from line 4 of the worksheet for your

2009 Oregon Form 40N, line 47 ............................................................................................................................ 5

6 Multiply the amount on line 5 by the recomputed Oregon percentage on line 4 .................................................. 6

7 Enter the amount from your 2009 Oregon Form 40N, line 48 ............................................................................... 7

8 Add lines 6 and 7 ................................................................................................................................................... 8

9 Line 3b minus line 8. Enter the result here ............................................................................................................ 9

10 Figure the tax on line 9 using the 2009 Tax Tables or Tax Rate Charts. Enter the amount here

and on Form FIA-40, line 12; Form FIA-40N, line 12; or Form FIA-40P, line 11.................................................. 10

Computation B. Complete if you filed Form 40P for tax year 2009.

1 If you used Schedule Z to figure your tax for 2010 enter the amounts from your

2010 Schedule Z, Computation for Tax Year 2009, Computation B, lines 3a and

3b. If you did not income average for 2010 but did in 2009 enter the amount from

Federal column

Oregon column

your 2009 Form FIA-40P, lines 3a and 3b. Otherwise, enter the amount shown on

your 2009 Form 40P, lines 38F and 38S (if -0- or less, see instructions) ..................... 1a

2 Enter amount from 2011 Form FIA-40, line 6; Form FIA-40N, line 10;

or Form FIA-40P, line 9 ................................................................................................. 2a

3 Add lines 1 and 2 in both the federal and Oregon columns .......................................... 3a

4 Recompute the Oregon percentage. Divide line 3b by line 3a

(not more than 100.0%) ................................................................................................. 4 ___ ___ ___

___%

5 Enter the amount from your 2009 Oregon Form 40P, line 47 ....................................... 5

6 Line 3a minus line 5. Enter the result here ............................................................................................................ 6

7 Figure the tax on line 6 using the 2009 Tax Tables or Tax Rate Charts ................................................................ 7

8 Multiply line 7 by the Oregon percentage on line 4. Enter the amount here

and on Form FIA-40, line 12; Form FIA-40N, line 12; or Form FIA-40P, line 11 .................................................... 8

Computation C. Complete if you filed Form 40 or Form 40S for tax year 2009.

1 If you used Form FIA-40 to figure your tax for 2010, enter the amount from 2010

Form FIA-40, line 15. If you used Schedule Z to figure your tax for 2010 enter the

amounts from your 2010 Schedule Z, Computation for Tax Year 2009, Computation

C, line 3. If you used Form FIA-40 for tax year 2009 but not for 2010, enter

Oregon column

the amount from 2009 Form FIA-40, line 3. Otherwise, enter the amount shown

on your 2009 Form 40, line 28; or Form 40S, line 12 (if -0- or less, see instructions) ........................................... 1

2 Enter amount from 2011 Form FIA-40, line 6; Form FIA-40N, line 10;

or Form FIA-40P, line 9 .......................................................................................................................................... 2

3 Add lines 1 and 2 .................................................................................................................................................. 3

4 Figure the tax on line 3 using the 2009 Tax Tables or Tax Rate Charts. Enter the amount here

and on Form FIA-40, line 12; Form FIA-40N, line 12; or Form FIA-40P, line 11 .................................................... 4

➞

150-101-161 (Rev. 12-11)

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