Fillable Form Fia-40n - Oregon Farm Income Averaging

Clear This Page

7. If you had an NOL for 2008,

2008 Taxable Income Worksheet

Federal (a)

Oregon (b)

Federal (a)

Oregon (b)

enter it as a positive amount

Part-Year or Nonresident Return for 2008

here. Otherwise, enter the

1. Figure income after sub-

portion (if any) of the NOLD

tractions, for federal and

carryovers and carrybacks

Oregon, from your 2008

to 2008 that were not used

Form 40N or Form 40P

in 2008 and were carried to

without limiting it to -0-.

tax years after 2008 as a

Include any NOLD carry-

positive amount here .................................... 7 ________

overs or carrybacks if you

8. Add lines 5, 6, and 7. Enter

did not have a NOL in

the result here, and on your

2008. Do not include any

2011 Schedule Z, Tax Year

NOLD carryover or carry-

2008, Computation C, line 1 ........................ 8 ________

back from other years if

you had a NOL in 2008.

2009 Taxable Income Worksheet

Enter the result here .................. 1a _______ 1b _______

2. If there is a loss on your 2008

Part-Year or Nonresident Return for 2009

federal Schedule D, line 21,

9. Figure income after

add that loss (as a positive

subtractions, for federal and

amount) and your 2008 capital

Oregon, from your 2009

loss carryover to 2009. Subtract

Form 40N or Form 40P

from that sum the amount of

without limiting it to -0-.

the loss on your 2008 federal

Include any NOLD carry-

Schedule D, line 16. Enter

overs or carrybacks if you

the result here ............................ 2a _______ 2b _______

did not have a NOL in 2009.

3. If you had an NOL for 2008

Do not include any NOLD

for federal or Oregon, or both,

carryover or carryback from

other years if you had a

enter amounts as a positive

number in the appropriate

NOL in 2009. Enter the

result here ................................... 9a _______ 9b _______

column. Otherwise, enter as a

positive amount the portion

10. If there is a loss on your

(if any) of the NOLD carryovers

2009 federal Schedule D,

and carrybacks to 2008 that were

line 21, add that loss (as a

not used in 2008 and were

positive amount) and your 2009

carried to tax years after 2008 .. 3a _______ 3b _______

capital loss carryover to 2010.

4. Add lines 1, 2, and 3

Subtract from that sum the

for each column. Enter the

amount of the loss on your

2009 federal Schedule D, line

result here and on your 2011

Schedule Z, Tax Year 2008,

16. Enter the result here ............ 10a ______ 10b ______

Computation A or B, line 1 ...... 4a _______ 4b _______

1 1. If you had an NOL for 2009

for federal or Oregon, or both,

Full-Year Return for 2008

enter amounts as a positive

5. Figure the taxable income from

number in the appropriate

your 2008 tax return without

column. Otherwise, enter as

limiting it to -0-. Include any

a positive amount the portion

NOLD carryovers or carrybacks

(if any) of the NOLD carry-

if you did not have a NOL in

overs and carrybacks to 2009

2008. Do not include any NOLD

that were not used in 2009

carryover or carryback from

and were carried to tax years

other years if you had a NOL

after 2009 .................................... 11a ______ 11b ______

in 2008. Enter the result here ....................... 5 ________

12. Add lines 9, 10, and 11.

6. If there is a loss on your 2008

Enter the result here and on

federal Schedule D, line 21,

your 2011 Schedule Z, Tax

add that loss (as a positive

Year 2009, Computation A

amount) and your 2008 capital

or B, line 1 ................................... 12a ______ 12b ______

loss carryover to 2009. Subtract

from that sum the amount of

the loss on your 2008 federal

Schedule D, line 16. Enter

the result here ................................................ 6 ________

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

Form Fia-40n - Oregon Farm Income Averaging - 2011 Page 7

Related Articles

Related forms

Related Categories