Form Fia-40n - Oregon Farm Income Averaging - 2011 Page 5

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COMPUTATION FOR TAX YEAR 2010
Computation A. Complete if you filed Form 40N for tax year 2010.
1 If you used Form FIA-40N to figure your tax for 2010, enter the amounts from your
Federal column
Oregon column
2010 Form FIA-40N, lines 3a and 3b. Otherwise, enter the amount shown on your
2010 Form 40N, lines 38F and 38S (if -0- or less, see instructions) .............................. 1a
1b
2 Enter amount from 2011 Form FIA-40, line 6; Form FIA-40N, line 10; or
Form FIA-40P, line 9 ..................................................................................................... 2a
2b
3 Add lines 1 and 2 in both the federal and Oregon columns .......................................... 3a
3b
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
2010 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 2010 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 2010 Tax Rate Charts. Enter the amount here
and on Form FIA-40, line 16; Form FIA-40N, line 13; or Form FIA-40P, line 12 .................................................. 10
Computation B. Complete if you filed Form 40P for tax year 2010.
1 If you used Form FIA-40P to figure your tax for 2010, enter the amount from the
Federal column
Oregon column
2010 Form FIA-40P, lines 3a and 3b. Otherwise, enter the amount shown on your
2010 Form 40P, lines 38F and 38S (if -0- or less, see instructions) .............................. 1a
1b
2 Enter amount from 2011 Form FIA-40, line 6; Form FIA-40N, line 10; or
Form FIA-40P, line 9 ..................................................................................................... 2a
2b
3 Add lines 1 and 2 in both the federal and Oregon columns .......................................... 3a
3b
4 Recompute the Oregon percentage. Divide line 3b by line 3a
.
___ ___ ___
___%
(not more than 100.0%) ................................................................................................. 4
5 Enter the amount from your 2010 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 2010 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 16; Form FIA-40N, line 13; or Form FIA-40P, line 12 ......................................................... 8
Computation C. Complete if you filed Form 40 or Form 40S for tax year 2010.
1 If you used Form FIA-40 to figure your tax for 2010, enter the amount from your
Oregon column
2010 Form FIA-40, line 3. Otherwise, enter the amount shown on your 2010
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 2010 Tax Tables or Tax Rate Charts. Enter the amount here
and on Form FIA-40, line 16; Form FIA-40N, line 13; or Form FIA-40P, line 12 .................................................. 4
150-101-161 (Rev. 12-11)

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