Form Fia-40n And Form Fia-40p - Oregon Farm Income Averaging And Schedule Z - Computation Of Tax (Attachment To Oregon Form 40n) - 2014 Page 3

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2014

Schedule Z

Computation of Tax

(Farm Income Averaging)

COMPUTATION FOR TAX YEAR 2011

Computation A. Complete if you filed Form 40N for tax year 2011.

1 If you used Schedule Z to figure your tax for 2013, enter the amount from your

2013 Schedule Z, Computation for Tax Year 2011, Computation A, lines 3a and

3b. If you did not use Schedule Z to figure your tax for 2013 but did for 2012,

enter the amounts from your 2012 Schedule Z, Computation for Tax Year 2011,

Computation A, lines 3a and 3b. If you did not income average in 2012 or 2013

but did in 2011, enter the amount from your 2011 FIA-40N, lines 3a and 3b.

Federal column

Oregon column

Otherwise, enter the amount shown on your 2011 Form 40N, lines 38f and

38s (if -0- or less, see instructions) ................................................................................ 1a

2 Enter amount from 2014 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

2011 Oregon Form 40N, line 47 .......................................................................................................................... 5

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

on line 4 and enter here ....................................................................................................................................... 6

7 Enter the amount from your 2011 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 2011 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 .................................................... 10

Computation B. Complete if you filed Form 40P for tax year 2011.

1 If you used Schedule Z to figure your tax for 2013 , enter the amount from your

2013 Schedule Z, Computation for Tax Year 2011 , Computation B, lines 3a and

3b. If you did not use Schedule Z to figure your tax for 2013 but did for 2012,

enter the amounts from your 2012 Schedule Z, Computation for Tax Year 2011,

Computation B, lines 3a and 3b. If you did not income average in 2012 or 2013

but did in 2011, enter the amount from your 2011 FIA-40P, lines 3a and 3b.

Federal column

Oregon column

Otherwise, enter the amount shown on your 2011 Form 40P, lines 38f and 38s

(if -0- or less, see instructions) ...................................................................................... 1a

2 Enter amount from 2014 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 2011 Oregon Form 40P, line 48 ........................................ 5

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

7 Figure the tax on line 6 using the 2011 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 8; Form FIA-40N, line 11; or Form FIA-40P, line 10 ........................................................... 8

Computation C. Complete if you filed Form 40 for tax year 2011.

1 If you used Form FIA-40 to figure your tax for 2013, enter the amount from your

2013 Form FIA-40, line 11. If you used Schedule Z to figure your tax for 2013,

enter the amount from the 2013 Schedule Z, Computation for Tax Year 2011,

Computation C, line 3. If you did not use Form FIA-40 for tax year 2013 but did

for 2012, enter the amount from 2012 Form FIA-40, line 15. If you used

Schedule Z to figure your tax, enter the amounts from your 2012 Schedule Z,

Computation for Tax Year 2011, Computation C, line 3. If you did not use

Form FIA-40 to figure your tax in 2013 or 2012 but did in 2011, enter the amount