Worksheet Cr - Claim Of Right Income Repayments Page 3
Download a blank fillable Worksheet Cr - Claim Of Right Income Repayments 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 Worksheet Cr - Claim Of Right Income Repayments 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
5
6
7
8
94. Form 40 or 40S filers—Enter the tax from the tax tables or rate charts for the
Oregon taxable income on line 3. Use the tables or charts from the year the
income was taxed. This is what your Oregon tax before credits would have
been without the income you repaid.
Form 40N or 40P filers—Enter your Oregon tax before credits from the return
you completed without the income that was repaid (Form 40N, line 53; or Form
40P, line 52 ..................................................................................................................
4.
5,870
5. Enter your Oregon tax before credits from the return you filed, as amended or
adjusted (Form 40, line 32; Form 40S, line 13; Form 40N, line 53; or Form 40P,
line 52) .........................................................................................................................
5.
6,766
6. Line 5 minus line 4. This is your Oregon claim of right credit. Include this
amount on the estimated payment line the year you made the repayment and
check the box (Form 40, line 43; Form 40N or 40P, line 60) .................................
6.
$896
Chris will include his $896 credit on line 43 of his 2013 Form 40 (the year he repaid the income) and check the box labeled
“claim of right.”
Example 3
During 2013, Theresa was a full-year resident and repaid $5,000 of pension income originally received in 2010. During 2010,
she filed an Oregon nonresident return (Form 40N) and had no income taxable to Oregon. Theresa cannot claim a credit
on her 2013 Oregon return for the pension income she repaid during 2013, because Oregon did not tax the income in 2010.
Do not attach this worksheet to your Oregon return. Keep it with your tax records.
150-101-168 (Rev. 12-14)
Page 3
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial