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New version   (04-May-2023 08:33:35)	Old version   (07-Feb-2023 09:44:05)
Metro Supportive Housing Services Personal Income Tax 2022 Form MET-40 Personal Income Tax Return Instructions Full Year Resident	Metro Supportive Housing Services Personal Income Tax 2022 Form MET-40 Personal Income Tax Return Instructions Full Year Resident
• Provide Third-Party Access to your tax preparer Important Updates For more information and to create your account, visit Policy Update ( 02/14/2023). On February 14, 2023, Metro Pro. Portland. gov . offered a penalty and interest amnesty for tax year 2022. Do not self-assess any underpayment penalty or quarterly
Publication	Publication
OR-17. Metro personal income tax closely underpayment interest on your tax return. For more follows Oregon personal income tax treatment. See information, please visit Portland. gov/revenue/amnesty . Publication
OR-17 for more information about personal	OR-17 for more information about personal
	Important Updates
income tax laws. It is available at	income tax laws. It is available at
Net Operating Losses from Pass-Through Entities.
www. oregon. gov/dor/forms . To the extent necessary,	www. oregon. gov/dor/forms . To the extent necessary,
Individuals are allowed a net operating	Net Operating Losses from Pass-Through Entities.
loss ( NOL)
references in Publication OR-17 to the state of Oregon or	references in Publication OR-17 to the state of Oregon or
	Individuals are allowed a net operating loss
generated in the	generated in the
current year on the MET-40 to the extent
its agencies should be treated as references to Metro and	its agencies should be treated as references to Metro and
	current year on the MET-40 to the extent
the loss is allowed	the loss is allowed
	its agents.
on the federal and Oregon return and	on the federal and Oregon return and
its agents.
included in Metro taxable income. However, a net operating loss	included in Metro taxable income. However, a net operating loss
deduction (	deduction
NOLD), an NOL from a previous year,
Individuals Required to File a Full-Year	Individuals Required to File a Full-Year
Metro	Metro (
	NOLD)
claimed on your federal return must be added back	claimed on your federal return must be added back
on
Supportive Housing Services ( SHS) Tax Return . Every	Supportive Housing Services ( SHS) Tax Return . Every
	on
Schedule PTI if the NOLD is related to a pass-through	Schedule PTI if the NOLD is related to a pass-through
entity
full-year resident of Metro who is required to file an Oregon	full-year resident of Metro who is required to file an Oregon
	entity
that was subject to the Metro Supportive Housing	that was subject to the Metro Supportive Housing
Services
income tax return for the taxable year and who reports	income tax return for the taxable year and who reports
	Services
Business Income Tax. Oregon taxable income over $200, 000 using Oregon filing status married filing jointly, head of household or qualifying If you added back the	Business Income Tax. Oregon taxable income over $200, 000 using Oregon filing status married filing jointly, head of household or qualifying If you added back the
NOL	net
	operating loss
generated from a	generated from a
pass-through	past-through
	entity that was also subject to the Metro
surviving spouse, or over $125, 000 using Oregon filing	surviving spouse, or over $125, 000 using Oregon filing
entity that was also subject to the Metro
Supportive Housing	Supportive Housing
	Services Business Income Tax, there
status single or married filing separately is required to file a	status single or married filing separately is required to file a
Services Business Income Tax	are two options available:
on your 2021 return, there
Metro full-year personal income tax return.	Metro full-year personal income tax return.
are two options available:	1. You may amend
	your 2021 Form MET-40 to
Residency . You are a full-year Metro resident if you live	Residency . You are a full-year Metro resident if you live
1. You may amend your 2021	remove the pass-through modification addition of
Form MET-40 to
within Metro for the entire year. You are also a full-year	within Metro for the entire year. You are also a full-year
remove
the	the
pass-through modification addition	net operating loss.
of
Metro resident, even if you live outside of Metro, if all of the	Metro resident, even if you live outside of Metro, if all of the
	2. You may make
the	the
net operating loss.	correction on your
	2022 Form
following are true: you consider Metro as your permanent	following are true: you consider Metro as your permanent
2. You may make the correction on your 2022 Form
MET-40 by taking a pass-through modification for home; Metro is the center of your financial, social, and the net operating loss that was added back in the family life; and Metro is the place you intend to return after prior year. If you elect this treatment, make sure to an absence. You are still a full-year resident if you attach a statement explaining the adjustment. temporarily move out of Metro or move back to Metro after a temporary absence. An individual must be an Oregon If the full net operating loss cannot be utilized in the current resident for taxable purposes to be a Metro resident. To year, there is no carryforward of the net operating loss for determine if your place of residence is located within the Metro Supportive Housing Services Personal Income Tax Metro tax jurisdiction, utilize the tool available at purposes. www. oregonmetro. gov/public-projects/supportive-housing-	MET-40 by taking a pass-through modification for home; Metro is the center of your financial, social, and the net operating loss that was added back in the family life; and Metro is the place you intend to return after prior year. If you elect this treatment, make sure to an absence. You are still a full-year resident if you attach a statement explaining the adjustment. temporarily move out of Metro or move back to Metro after a temporary absence. An individual must be an Oregon If the full net operating loss cannot be utilized in the current resident for taxable purposes to be a Metro resident. To year, there is no carryforward of the net operating loss for determine if your place of residence is located within the Metro Supportive Housing Services Personal Income Tax Metro tax jurisdiction, utilize the tool available at purposes. www. oregonmetro. gov/public-projects/supportive-housing-
services-tax .
There is no additional modification for the pass-through loss	There is no additional modification for the pass-through loss
	services-tax .
allowed on the Form MET-40. Filing Deadline . The filing deadline for this return is April 18, 2023. General Information Extensions .	allowed on the Form MET-40. Filing Deadline . The filing deadline for this return is April 18, 2023. General Information Extensions .
Metro	The
	Revenue Division
does not allow an	does not allow an
extension of time to
File and Pay Online and Manage Your Tax Accounts at	File and Pay Online and Manage Your Tax Accounts at
	extension of time to
pay your tax. The submission of an	pay your tax. The submission of an
extension payment by
Pro. Portland. gov . Portland Revenue Online ( PRO) allows	Pro. Portland. gov . Portland Revenue Online ( PRO) allows
	extension payment by
the original return due date provides	the original return due date provides
	you to:
an automatic six-month	an automatic six-month
you to:
filing extension. If you do not have a tax balance due but would like to file an extension, your	filing extension. If you do not have a tax balance due but would like to file an extension, your
federal and/or state
• Register your personal and business tax accounts	• Register your personal and business tax accounts
	federal and/or state
extension will serve as your Metro	extension will serve as your Metro
extension. When filing
• Update your account information	• Update your account information
	extension. When filing
your return on the extended due	your return on the extended due
date, check the “Extension
• File a personal tax return	• File a personal tax return
	date, check the “Extension
Filed” box on the return. If no	Filed” box on the return. If no
	• Make payments
extension payment was made,	extension payment was made,
• Make payments
please attach a copy of your	please attach a copy of your
federal extension or verification
• Upload supporting tax pages and documents	• Upload supporting tax pages and documents
	federal extension or verification
of your Oregon extension	of your Oregon extension
	• View correspondence mailed to you
payment with your return. •	payment with your return. •
View correspondence mailed	Provide Third-Party Access
to	to
you Page 1	your tax preparer
of , 6 2022 MET-40 Instructions ( Rev. 03/22/2023)
Penalty Calculation	Penalty Calculation
Federal	For
	more information
and	and
Oregon Tax Returns	to create your
	account, visit Pro. Portland. gov .
You may be subject to penalties for	You may be subject to penalties for
	underpaying your Publication OR-17. Metro personal income tax closely estimated tax,
filing a late personal	filing a late personal
Please submit the following forms and	income tax return, follows Oregon personal
schedules with your
income tax	income tax
return	treatment.
	See
and/or paying your income tax liability	and/or paying your income tax liability
return. Without this information, we may disallow or adjust
after the original due	after the original due
	Page 1 of , 6 2022 MET-40 Instructions ( Rev. 01/22/2023)
date of the return. Although there is a	date of the return. Although there is a
items claimed on your Metro return.
late penalty for both	late penalty for both
	• An additional penalty of 20% of the unpaid tax if the
failing to file a personal tax return by the due date and failing	failing to file a personal tax return by the due date and failing
	failure
to pay	to pay
	is for a period of four months or more. to pay
the tax by the original due	the tax by the original due
Required Supporting Oregon Tax Pages
date of the return, only one	date of the return, only one
	• An additional penalty
of	of
	100% of the unpaid tax of of
these late penalties will be applied, even if there is a	these late penalties will be applied, even if there is a
	all tax years if the failure to pay is for three or more
failure of both requirements. In	failure of both requirements. In
Be sure to include the following Oregon tax pages and any
these cases, only the late	these cases, only the late
	consecutive tax years.
filing penalty is applied. For the	filing penalty is applied. For the
associated statements when submitting your return:
purposes of penalty calculations, unpaid tax is your tax	purposes of penalty calculations, unpaid tax is your tax
• Form OR-40, pages 1-4
liability reduced by any	liability reduced by any
	Interest Calculation
payment of tax made before the	payment of tax made before the
• Schedule OR-ASC ( if filed)
original due date and any credit against tax that is claimed	original due date and any credit against tax that is claimed
•
on the return.	on the return.
Schedule OR-K-1( s) (	Interest is calculated
	at 10% per annum (. 00833 multiplied by the number of months). Calculate your interest from the original due date to the 15th day of the month following the Underpayment Penalty date of the payment. You may be subject to a penalty for underpaying your estimated tax if, by the original due date of the return, timely Quarterly Underpayment Interest prepayments are not made which are either: Quarterly underpayment interest will be due
if	if
Metro pass-through income adjustment claimed)	estimated • At least 90%
	of the total tax balance due, or payments were required and were underpaid. Estimated • 100% of the prior year’s tax liability paid by the payments can be made through quarterly estimated original due date. payments, employer-provided withholding from a filer’s wages, or a combination of both. Calculate your quarterly If you did not satisfy either requirement, you will be charged underpayment interest at a rate of 10% per annum from the an underpayment penalty of 5% of the unpaid tax, but not due date of each quarterly estimated payment to the original less than $5. due date of the tax return to which the estimated payments apply. The amount of underpayment is determined by comparing the 90% of the current total tax liability amount
Late Filing Penalty	Late Filing Penalty
Required Supporting Federal Tax Pages	to quarterly estimated payments made
	prior to the original
If you do not file your 2022 Form MET-40 by the original due	If you do not file your 2022 Form MET-40 by the original due
Be sure to	due date of
include
the	the
following federal
tax	tax
pages	return.
and any
date, file an extension with the Revenue Division by the	date, file an extension with the Revenue Division by the
associated statements when submitting your return:
original due date, or include a copy of your federal extension	original due date, or include a copy of your federal extension
	There is no interest on underpayment of quarterly estimated
with your return when you file by the extended due date, the	with your return when you file by the extended due date, the
• Federal	payments if:
Form 1040, pages 1-2
following penalties will be applied: •	following penalties will be applied: •
Federal Schedule 1 • Schedule B ( if filed)	The total tax liability of the prior tax
	year was less
• 5% of the amount of the unpaid tax if the failure to	• 5% of the amount of the unpaid tax if the failure to
• Schedule C (	than $1, 000;
if filed)
file is for a period less than four months.	file is for a period less than four months.
	• An amount equal to at least 90% of the total tax
•	•
Schedule D (	An additional
	penalty of 20% of the unpaid tax
if	if
filed, including Form 4797, Form	the liability for the current
	tax year was paid in failure to file is for a period of four months or more. accordance with Section 7. 05. 190; or •
• An additional penalty of 100% of the unpaid tax	• An additional penalty of 100% of the unpaid tax
	of An amount equal to at least 100%
of	of
6252, and Form	the prior year's
8824))
all tax years if the failure to file is for three or more	all tax years if the failure to file is for three or more
• Schedule E ( if filed)	total tax liability was paid
	in accordance with
consecutive tax years.	consecutive tax years.
• Schedule F ( if	Section 7. 05. 190.
filed) • Form 4868 ( if federal extension filed)
No late filing penalty is due if a timely extension is filed with	No late filing penalty is due if a timely extension is filed with
• Form( s) W-2 ( if	Federal and Oregon Tax Returns
Metro SHS tax withheld)
the Revenue Division and a 2022 Form MET-40 is filed by	the Revenue Division and a 2022 Form MET-40 is filed by
• Form 1099-R ( if PERS or federal retirement	Please submit the following forms and schedules with
	your
the extended due date, or a copy of the federal extension is	the extended due date, or a copy of the federal extension is
exemption claimed)	return. Without
	this information, we may disallow or adjust
included with the return and the ‘Extension Filed’ box is	included with the return and the ‘Extension Filed’ box is
• Schedule( s) K-1 ( Form 1065/Form	items claimed on your Metro return.
1120-S/Form
checked.	checked.
1041) ( if Metro pass-through income	Required Supporting Oregon Tax Pages
adjustment claimed)
Late Payment Penalty	Late Payment Penalty
• Form	Be sure
8582 if passive activity loss limitations apply
to	to
Metro pass-through loss adjustment	include the following Oregon
	tax pages and any
Your 2022 income tax must be paid by April 18, 2023, even	Your 2022 income tax must be paid by April 18, 2023, even
	associated statements when submitting your return:
if you requested an extension to file your personal income	if you requested an extension to file your personal income
Tax Return Filing Instructions
tax return. If you do not pay your tax by the original due date,	tax return. If you do not pay your tax by the original due date,
	• Form OR-40, pages 1-3
the following penalties will be	the following penalties will be
applied: .	applied:
	• Schedule OR-ASC ( if filed) • Schedule OR-K-1( s) ( if Metro pass-through income • 5% of the amount of the unpaid tax if the failure to adjustment claimed) pay is for a period less than four months. Page 2 of , 6 2022 MET-40 Instructions ( Rev. 01/22/2023) Required Supporting Federal Tax Pages representative for the deceased person, only the surviving spouse needs to sign a joint return. Be sure to include the following federal tax pages and any associated statements when submitting your return: Spouse’s Last Name; First Name and Initial . If filing jointly as married filing separately, enter the last name, first • Federal Form 1040, pages 1-2 name, and middle initial ( if applicable) of the individual listed • Federal Schedule 1 as the spouse on Form OR-40. If taxpayer died during the • Schedule B ( if filed) tax year, check the “deceased” box. A personal income tax • Schedule C ( if filed) return must be filed for a person who died if the person • Schedule D ( if filed, including Form 4797, Form would have been required to file. If you have been 6252, and Form 8824)) appointed personal representative or you have filed a small • Schedule E ( if filed) estate affidavit, sign the return as “personal representative. ” • Schedule F ( if filed) A surviving spouse must sign if it’s a joint return. If there is no personal representative for the deceased person, only • Form 4868 ( if federal extension filed) the surviving spouse needs to sign a joint return. • Form( s) W-2 ( if Metro SHS tax withheld) • Form 1099-R ( if PERS or federal retirement Social Security Number . Enter the Social Security Number exemption claimed) ( SSN) or Individual Tax Identification Number ( ITIN) of the • Schedule( s) K-1 ( Form 1065/Form 1120-S/Form corresponding taxpayer and spouse. Refunds will not be 1041) ( if Metro pass-through income adjustment issued without a valid SSN or ITIN. claimed) • Form 8582 if passive activity loss limitations apply Residence Address . Enter the residential address. If the to Metro pass-through loss adjustment primary taxpayer and spouse have different residential addresses, list the address of the primary taxpayer. If the residential address has changed, list the current address Tax Return Filing Instructions and mark the “check if changed” box. Unless a mailing Rounding .
Round off cents to whole dollars on your return	Round off cents to whole dollars on your return
Rounding	address
	is provided, correspondence will be sent to the
and schedules. To round, drop amounts under 50 cents and	and schedules. To round, drop amounts under 50 cents and
• 5% of the	residence address on file.
amount of the unpaid tax if the failure to
increase amounts from 50 to 99 cents to the next dollar. For	increase amounts from 50 to 99 cents to the next dollar. For
pay is for a period less than four months.	Mailing Address . Only enter an address if the mailing
example, $1. 39 becomes $1 and $2. 50 becomes $3. If two	example, $1. 39 becomes $1 and $2. 50 becomes $3. If two
• An additional penalty of 100% of the unpaid tax of
or more amounts must be added to figure the amount to	or more amounts must be added to figure the amount to
all tax years if	address is different from
	the residential address. If
the	the
failure to pay is for three or more
enter on a line, include cents when adding the amounts and	enter on a line, include cents when adding the amounts and
consecutive tax years.	mailing address has
	changed, list the current address and
round off only the total.	round off only the total.
Interest Calculation	mark the
	“check if changed” box. Initial Return Box. Check this box if this is your initial
General Return Information	General Return Information
Interest is calculated at 10% per annum (. 00833 multiplied	return, if your filing status changed from the previous
	year, or if the person you are filing jointly with changed from the
Metro Supportive Housing Services Personal Income	Metro Supportive Housing Services Personal Income
by the	previous year.
number of months). Calculate your interest from the
Tax Account # . If you have already registered for an	Tax Account # . If you have already registered for an
original due date to the 15th day of the month following the
account and know your account number, enter your full	account and know your account number, enter your full
date of the payment.	Final Return Box. Check
	this box if this is your final return.
Metro SHS Tax Account number beginning with SHP followed by ten digits. If you do not know your number, leave	Metro SHS Tax Account number beginning with SHP followed by ten digits. If you do not know your number, leave
	Amended Return Box . Check this box if you are filing an
field blank.	field blank.
Page 2 of , 6 2022 MET-40 Instructions ( Rev. 03/22/2023)	amended return and have already submitted an original return.
	You must include a copy of your original return with
Filing Status . Check the box next to your filing status. You your amended return. If you also filed amended federal and must use the filing status corresponding with the filing status state returns, please include a copy. Fill in all amounts on used on your Oregon tax return. Choose only one filing your amended return, even if they are the same as originally status. filed. If you are amending to make a change to additions, subtractions, or credits, include detail of all items and Taxpayer’s Last Name; First Name and Initial . If filing amounts as well as any carryovers. jointly, enter the last name, first name, and middle initial ( if applicable) of the taxpayer listed as the primary filer on the If you change taxable income by filing an original or Form OR-40. If taxpayer died during the tax year, check the amended federal or Oregon income tax return, you must file “deceased” box. A personal income tax return must be filed an amended Form MET-40 within 60 days of when the for a person who died if the person would have been original or amended federal or Oregon income tax return required to file. If you have been appointed personal was filed. Include a copy of your original or amended federal representative or you have filed a small estate affidavit, sign or Oregon income tax return and explain the adjustments the return as “personal representative. ” A surviving spouse made. must sign if it’s a joint return. If there is no personal	Filing Status . Check the box next to your filing status. You your amended return. If you also filed amended federal and must use the filing status corresponding with the filing status state returns, please include a copy. Fill in all amounts on used on your Oregon tax return. Choose only one filing your amended return, even if they are the same as originally status. filed. If you are amending to make a change to additions, subtractions, or credits, include detail of all items and Taxpayer’s Last Name; First Name and Initial . If filing amounts as well as any carryovers. jointly, enter the last name, first name, and middle initial ( if applicable) of the taxpayer listed as the primary filer on the If you change taxable income by filing an original or Form OR-40. If taxpayer died during the tax year, check the amended federal or Oregon income tax return, you must file “deceased” box. A personal income tax return must be filed an amended Form MET-40 within 60 days of when the for a person who died if the person would have been original or amended federal or Oregon income tax return required to file. If you have been appointed personal was filed. Include a copy of your original or amended federal representative or you have filed a small estate affidavit, sign or Oregon income tax return and explain the adjustments the return as “personal representative. ” A surviving spouse made. must sign if it’s a joint return. If there is no personal
representative for the deceased person, only the surviving	Page 3 of , 6 2022 MET-40 Instructions ( Rev.
	01/22/2023)
On the prepayments line of your amended Form MET-40,	On the prepayments line of your amended Form MET-40,
spouse needs	Line 7.
	Credit for Taxes Paid
to	to
sign a joint return.	Another State . A Metro
enter the net tax as reflected on the original return or as	enter the net tax as reflected on the original return or as
	resident is allowed a credit for taxes paid to another state
previously adjusted. Do not include any penalty or interest	previously adjusted. Do not include any penalty or interest
Spouse’s Last Name; First Name and Initial . If filing	on mutually taxed income if the other state does
	not allow
portions of payments already made.	portions of payments already made.
jointly as married filing separately, enter
the	the
last name, first name, and middle initial (	credit. This credit can only be taken
if	if
applicable) of	the filer
	claims a credit for income taxes paid to another state on
the	the
individual	filer’s
listed
Extension Filed Box . Check this box If you have filed a	Extension Filed Box . Check this box If you have filed a
as the spouse on Form OR-40. If taxpayer died during the	Oregon income tax return or if a composite return was filed
federal or state extension, or if you submitted an extension	federal or state extension, or if you submitted an extension
tax year, check	and there was
	no credit allowed on
the	the
“deceased” box.	other state’s
A personal income
tax payment by the original due date of the return. Include	tax payment by the original due date of the return. Include
return must be filed for a person who	return. A Metro resident figures the credit as
died if
the	the
person	lesser
	of
required copies of federal or state extensions as applicable	required copies of federal or state extensions as applicable
would have been required to file. If you have been (	the Metro tax based on mutually taxed income or the
	tax (
see “Extensions” under “General Information” for additional	see “Extensions” under “General Information” for additional
appointed personal representative or you have filed a small	actually paid to the other state. To calculate the
	Metro tax
information).	information).
estate affidavit, sign	based on mutually
	taxed income, use
the	the
return as “personal representative. ”	following formula: Mutually taxed income
A surviving spouse must sign if it’s a joint return. If there is
Part I – Metro Taxable Income	Part I – Metro Taxable Income
no personal representative for	÷ Metro income subject
the deceased person, only the surviving spouse needs
to	to
sign a joint return.	tax from line 5
Line 1. Oregon Taxable Income . Enter your Oregon	Line 1. Oregon Taxable Income . Enter your Oregon
	x
Taxable Income from Form OR-40, line 19. You must attach	Taxable Income from Form OR-40, line 19. You must attach
Social Security Number .	Metro Tax =
Enter the Social Security Number
copies of the required Oregon and federal tax forms	copies of the required Oregon and federal tax forms
listed ( SSN) or Individual Tax Identification Number ( ITIN)	listed Metro tax based on mutually taxed income
of the
in the instructions to your Metro return.	in the instructions to your Metro return.
corresponding taxpayer and spouse. Refunds will not be issued without a	Enter the lesser of the Metro tax based on mutually taxed
valid SSN or ITIN.
Line 2. Exempt Income . Oregon Public Employees	Line 2. Exempt Income . Oregon Public Employees
	income or the tax actually paid to the other state on line 7.
Retirement ( PERS) benefits and federal retirement benefits,	Retirement ( PERS) benefits and federal retirement benefits,
Residence Address .
Enter	Enter
the residential address. If	as a negative number.
the
including Federal Employees Retirement System ( FERS)	including Federal Employees Retirement System ( FERS)
primary taxpayer and spouse have different residential
benefits, Civil Service Retirement System ( CSRS) benefits,	benefits, Civil Service Retirement System ( CSRS) benefits,
addresses, list the address	Line 8. Employer Withholding .
of the primary taxpayer.
If	If
the	you
	had Metro SHS tax
and military retirement benefits, that are taxed by Oregon	and military retirement benefits, that are taxed by Oregon
residential address has changed, list the current address	withheld from your wages by your employer, complete
are exempt from this tax. Submit a copy of Form 1099-R for	are exempt from this tax. Submit a copy of Form 1099-R for
	Schedule WH on page 2
and	and
mark	enter
the	the
“check if changed”	total tax withheld
box. Unless a mailing
each source claimed. You are only allowed a deduction for	each source claimed. You are only allowed a deduction for
address is provided, correspondence will be sent to the	from line A-2 on line 8 as a negative
	number. If you have
income that was not already exempted on your federal or	income that was not already exempted on your federal or
residence address on file.	tax to pay, consider
	submitting a FORM OPT to your
Oregon return. Enter as a negative number.	Oregon return. Enter as a negative number.
Mailing Address . Only	employer to increase
enter an address if
the	the
mailing	amount
	your employer holds from your wages. For withholding information, go to:
Line 3. Pass-through Income Modification . If you	Line 3. Pass-through Income Modification . If you
address is different	www. oregonmetro. gov/public-projects/supportive-housing-
from the residential address. If the
received a Schedule K-1 ( Form 1065) or a Schedule K-1	received a Schedule K-1 ( Form 1065) or a Schedule K-1
mailing	services/taxes-and-funding . (
address has changed, list the current address and (
Form 1120-S) from a pass-through entity ( PTE) that was	Form 1120-S) from a pass-through entity ( PTE) that was
mark the “check if changed” box.
subject to the Metro Business Income Tax ( METBIT),	subject to the Metro Business Income Tax ( METBIT),
	Line 9. Prepayments . Enter the total amount of
complete Schedule PTI on page 2 and report your	complete Schedule PTI on page 2 and report your
Initial Return Box. Check this box if this	prepayments as a negative number. Include all quarterly
is your initial
modification from line B-2 on line 3. Net pass-through gains	modification from line B-2 on line 3. Net pass-through gains
return, if your filing status changed from	estimated payments, extension payments, and any credits
the previous year,
will be reported on this line as a negative value, and a net	will be reported on this line as a negative value, and a net
or if	carried forward
the person you are filing jointly with changed
from	from
the	prior
	years.
operating loss deduction will be reported on this line as a	operating loss deduction will be reported on this line as a
previous year.
positive value. See instructions for Schedule PTI for	positive value. See instructions for Schedule PTI for
	Line 10. Penalty . Enter all late and/or underpayment
additional guidance.	additional guidance.
Final Return Box. Check this box	penalties that apply, if known. Leave
	blank
if	if
this	unknown
	or not applicable. If additional penalty
is	is
your final return.	owed but was
	not
Line 4. Metro Income Exemption . If you use the single	Line 4. Metro Income Exemption . If you use the single
Amended Return Box . Check this box if	calculated at the time of return submission,
you	you
are filing	will receive
an
filing status of single or married filing separately, enter	filing status of single or married filing separately, enter
amended return and have	a bill by mail.
already submitted an original
$125, 000 on line 4. If you use the joint filing status	$125, 000 on line 4. If you use the joint filing status
of return. You must include a copy
of	of
your original return with
married filing jointly, head of household, or qualifying	married filing jointly, head of household, or qualifying
Page 3 of , 6 2022 MET-40 Instructions (	Line 11. Interest . Enter any quarterly underpayment
Rev. 03/22/2023)
surviving spouse, enter $200, 000 on line 4. Enter as a	surviving spouse, enter $200, 000 on line 4. Enter as a
Line 11.	interest and/or
Interest . Enter
interest due on	interest due on
tax	taxes
not paid by	not paid by
the	their
	due
negative number.	negative number.
due	dates,
date,
if known. Leave blank if unknown or not applicable. If additional interest is owed but was not	if known. Leave blank if unknown or not applicable. If additional interest is owed but was not
	calculated at the
Line 5. Income Subject to Tax . Enter the sum of lines 1	Line 5. Income Subject to Tax . Enter the sum of lines 1
calculated at the
time of return submission, you will receive	time of return submission, you will receive
	a bill by mail.
through 4 on line 5. If the balance is less than $0, enter $0.	through 4 on line 5. If the balance is less than $0, enter $0.
a bill by mail.
If you have $0 income subject to tax, you are not required	If you have $0 income subject to tax, you are not required
	Line 12. Balance Due or ( Overpayment). Add lines 6
to file, but may choose to do so if you have had tax withheld	to file, but may choose to do so if you have had tax withheld
Line 12. Balance Due or ( Overpayment). Add lines 6 or made prepayments and you wish to request a refund.
through 11 and enter sum on line 12. If sum is positive, you	through 11 and enter sum on line 12. If sum is positive, you
	or made prepayments and you wish to request a refund.
have a balance due. If sum is negative, you have an	have a balance due. If sum is negative, you have an
	overpayment for the year.
Part II – Metro Supportive Housing	Part II – Metro Supportive Housing
overpayment for the year.
Services	Services
Tax Part III –
Tax	Tax
Due / Refund
Line 6. Tax . Multiply line 5 by 1% and enter on line 6. This is your Metro personal income tax liability.	Line 6. Tax . Multiply line 5 by 1% and enter on line 6. This is your Metro personal income tax liability.
	Page 4 of , 6 2022 MET-40 Instructions ( Rev. 01/22/2023) Part III – Tax Due / Refund Schedule WH – W-2 Withholding Summary for Metro SHS Tax
Line 13. Overpayment . If line 12 is negative, this is the amount you have overpaid. If you have an overpayment,	Line 13. Overpayment . If line 12 is negative, this is the amount you have overpaid. If you have an overpayment,
Line 7. Credit	Use this schedule
for Taxes Paid
to	to
Another State . A	calculate the total
	amount of
Metro you may choose to have the balance refunded to you or	Metro you may choose to have the balance refunded to you or
resident is allowed a credit for taxes paid to another	SHS tax that was withheld by your employer. If your
state
credited forward to the next year. If no election is made, any	credited forward to the next year. If no election is made, any
on mutually	employer withheld
taxed income if
the	the
other state does not allow	Metro SHS tax, information regarding
overpayment will be refunded to you. the	overpayment will be refunded to you. the
credit. This	withholding will
credit can only
be	be
taken if the filer claims	shown in boxes 18, 19,
	and 20 of your W-2. If you file
a	a
credit for income taxes paid	joint Metro tax return, include
to another state on the filer’s
Line 13a. Refund . Enter the amount of the overpayment	Line 13a. Refund . Enter the amount of the overpayment
Oregon income tax return or if a composite return	information for both the primary filer and spouse on
was filed
you would like refunded to you on this line. If you would like	you would like refunded to you on this line. If you would like
	Schedule A. Only include box 18
and	and
there was no credit	box 19 information if
allowed on the other state’s tax
direct deposit of your refund, you must file your return online	direct deposit of your refund, you must file your return online
return. A Metro resident figures
the	the
credit as the lesser of	locality in box 20 says
	“Metro” or “Metro SHS”. Do not
at Pro. Portland. gov . If your return is filed on paper, you will	at Pro. Portland. gov . If your return is filed on paper, you will
	include information for
the	the
Metro tax based on	locality of “MULT”, “MultCo”,
mutually taxed income
or	or
the tax
receive your refund in the mail by check.	receive your refund in the mail by check.
actually paid to the other state.	“Multnomah County”. Information for Multnomah County
To calculate the Metro tax
Line 13b. Credit Carryforward . Enter the amount of the	Line 13b. Credit Carryforward . Enter the amount of the
based	withholdings
	will be reported
on	on
mutually taxed income, use
the	the
following formula:	Multnomah County
overpayment you would like to apply as an estimated	overpayment you would like to apply as an estimated
Mutually taxed income	Personal Income Tax
	return, which is a separate form. If no
payment for tax year 2023 on this line. This election is	payment for tax year 2023 on this line. This election is
÷	Metro
	SHS tax was withheld on your behalf ( or your
irrevocable.	irrevocable.
Metro income subject	spouse’s behalf, if
	filing jointly) by your employer( s), you do not need
to	to
tax from line	complete this schedule.
5 x Metro Tax
Line 14. Amount Due . If line 12 is positive, a balance is	Line 14. Amount Due . If line 12 is positive, a balance is
=
due. Pay by April 18, 2023, to avoid late payment penalties	due. Pay by April 18, 2023, to avoid late payment penalties
Metro tax based	Report each W-2
on	on
mutually taxed income	a separate line.
	Round off cents to
and interest. You may pay by check or online at	and interest. You may pay by check or online at
	whole dollars. If two or more amounts must be added to
Pro. Portland. gov .	Pro. Portland. gov .
Enter	figure
the	the
lesser of the	amount to enter
Metro tax based
on	on
mutually taxed income or	a line, include cents
	when adding
the	the
tax actually paid to	amounts and round off
	only
the	the
other	total.
state on line 7.
Part IV – Signature	Part IV – Signature
	Column ( a). Employee SSN.
Enter	Enter
as	the
	social security number of the filer shown in box
a	a
negative number. Line	of the W-2.
8. Employer Withholding . If you had Metro SHS tax
Signature( s). Be sure to sign and date your return. If you	Signature( s). Be sure to sign and date your return. If you
withheld from your wages by your employer, complete
are filing a joint return, both taxpayers must sign. By signing	are filing a joint return, both taxpayers must sign. By signing
Schedule WH on page 2 and enter	Column ( b). Employer Name. Enter the name
	of
the	the
total tax withheld
the return, you acknowledge, under penalty of false	the return, you acknowledge, under penalty of false
from line A-2 on line 8 as a	employer shown in box c of the W-2.
negative number. If you have
swearing, that the information on the return is true, correct,	swearing, that the information on the return is true, correct,
tax to pay, consider submitting a FORM OPT to your
and complete.	and complete.
	Column ( c). Employer FEIN. Enter the
employer	employer
to increase	identification number (
	EIN) shown in box b of
the	the
amount	W-2.
your employer holds from your wages. For withholding information, go to:
Preparer Signature. Anyone who prepares, advises, or assists in preparing personal income tax returns in	Preparer Signature. Anyone who prepares, advises, or assists in preparing personal income tax returns in
www. oregonmetro. gov/public-projects/supportive-housing-	Column ( d). Local
	Wages, Tips, Etc . Enter the amount
exchange for compensation of any kind must be licensed to	exchange for compensation of any kind must be licensed to
services/taxes-and-funding .	shown
	in box 18 of the W-2. Make sure that the locality
prepare Oregon returns and must sign the return.	prepare Oregon returns and must sign the return.
Line 9. Prepayments .	name shown in
	box 20 indicates that the value in box 18 is for the Metro SHS tax. Mailing Instructions Column ( e). Local Income Tax Withheld.
Enter the	Enter the
total
amount	amount
	shown in box 19
of	of
prepayments as a negative number. Include	the W-2. Make sure that the
all quarterly Mailing Instructions estimated payments, extension payments, and any credits carried forward from prior years.
If you are including a payment with your return, send your	If you are including a payment with your return, send your
	locality name shown in box 20 indicates that the value in
completed return, payment, and all required supporting tax	completed return, payment, and all required supporting tax
Line 10. Penalty . Enter all late penalties that	box 19 is for the Metro SHS tax.
apply, if
pages to:	pages to:
known. Leave	Check box
blank
if	if
unknown or	you have
not applicable. If
additional	additional
penalty	employer
is owed but was not calculated at the time
Revenue Division – Metro SHS Tax	Revenue Division – Metro SHS Tax
of	If
return submission,
you	you
will receive a bill by mail.	have more withholdings, and submit statement.
PO Box 9250	PO Box 9250
	than four W-2s that show Metro Tax withholdings, check the
Portland, OR 97207-9250	Portland, OR 97207-9250
Page 4 of , 6 2022 MET-40 Instructions ( Rev. 03/22/2023) Make the check payable to ‘Metro SHS Tax. ’ For fastest
box, and attach a statement with the employee SSN,	box, and attach a statement with the employee SSN,
payment processing, pay online by logging into your PRO
employer name, employer FEIN, local wages, tips, etc. and	employer name, employer FEIN, local wages, tips, etc. and
account at Pro. Portland. gov .	Make the check payable to
	‘Metro SHS Tax. ’ For fastest
local income tax withheld for each additional W-2. Include	local income tax withheld for each additional W-2. Include
	payment processing, pay online by logging into your PRO
the total amount from the statement on line	the total amount from the statement on line
	A-2. account at Pro. Portland. gov . Line
A-2.	A-2.
	Total sum from column ( e). Enter sum of all
If a payment is not included with your return, send your	If a payment is not included with your return, send your
	Metro Tax withheld from line column ( e) and the
completed return and all required supporting tax pages to:	completed return and all required supporting tax pages to:
Line A-2. Total sum from column ( e). Enter sum of all Metro Tax withheld from line column ( e) and the Processing – Metro SHS Tax
supplemental statement ( if applicable). Enter the amount	supplemental statement ( if applicable). Enter the amount
111 SW Columbia St, Suite 600
from line A-2 on Line 10, page 1 of the return.	from line A-2 on Line 10, page 1 of the return.
	Processing – Metro SHS Tax 111 SW Columbia St, Suite 600
Portland, OR 97201-5840	Portland, OR 97201-5840
	Page 5 of , 6 2022 MET-40 Instructions ( Rev. 01/22/2023)
Schedule PTI – Pass-Through	Schedule PTI – Pass-Through
	Income Column ( c).
Income	Income
Schedule WH – W-2 Withholding Summary	Subject to Tax from Pass-Through Entity.
	For the deduction for pass-through income from a
Modification	Modification
for Metro SHS Tax	PTE’s income subject to
	tax, enter the “income subject to tax” from the S corporation or partnership METBIT return
Use this schedule to determine the amount of pass-through	Use this schedule to determine the amount of pass-through
	that was reported to you by the PTE with Schedule K-1.
income modification to report for pass-through income/loss	income modification to report for pass-through income/loss
Use this schedule to calculate the total amount of Metro
that was already subject to the Metro Business Income Tax	that was already subject to the Metro Business Income Tax
SHS tax	For net
	operating loss deductions ( NOLD)
that	that
was withheld	must be (
by your employer. If your (
METBIT). This schedule must be completed to determine	METBIT). This schedule must be completed to determine
employer withheld	added back,
	enter
the	the
Metro SHS tax, information regarding	amount of net operating loss
the value for line 3 in Part I of the return. If your pass-	the value for line 3 in Part I of the return. If your pass-
the withholding will be shown in boxes 18, 19,	deduction allowed on your federal return from a pass-
and 20 of
through income was not subject to tax under the METBIT	through income was not subject to tax under the METBIT
your W-2. If you file	through entity subject to the
	METBIT. Enter a loss as
a	a
joint Metro tax return, include
for any reason, you are not eligible to claim a pass-through	for any reason, you are not eligible to claim a pass-through
information for both	negative number. Only
	include
the	the
primary filer	allowable loss.
and spouse on
income modification.	income modification.
Schedule WH. Only include box 18 and box 19	Column ( d). Ownership Percentage. Enter your distributive share of
information if
the	the
locality in Income from	PTE’s business income subject
Pass-Through Entity Subject
to	to
box 20 says “Metro” or “Metro SHS”. Do not include METBIT information for the locality of “MULT”, “MultCo”, or
You are allowed a deduction from personal taxable income	You are allowed a deduction from personal taxable income
“Multnomah County”. Information for Multnomah County	tax. For a partnership this would
	be the profit/loss
for pass-through income derived from a pass-through	for pass-through income derived from a pass-through
entity (	entity
	percentage reported on the K-1. For an S corporation, this (
PTE) subject to the METBIT. To take this deduction, you	PTE) subject to the METBIT. To take this deduction, you
withholdings	would
will
be	be
	the current year allocation
reported on the	reported on the
Multnomah	K-1.
County
must have documentation from the PTE showing your share	must have documentation from the PTE showing your share
Personal Income Tax return, which is a separate form. If no
of income that was subject to tax on the PTE’s METBIT	of income that was subject to tax on the PTE’s METBIT
Metro SHS tax was withheld on	Column ( e). Modification Claimed for Pass-Through
your behalf ( or your
return. PTEs subject to the METBIT must provide their	return. PTEs subject to the METBIT must provide their
spouse’s behalf, if filing	Income. Multiply column ( c)
jointly)
by	by
your employer( s), you do	column ( d) and enter the
owners or partners information along with the Schedule K-	owners or partners information along with the Schedule K-
not need to complete this schedule.	result. Enter deductions for income from
	a PTE’s income
1 that indicates: 1) whether the business is subject to the	1 that indicates: 1) whether the business is subject to the
	subject to tax as a positive number. Enter losses as a
METBIT; 2) that the business filed the METBIT return for the	METBIT; 2) that the business filed the METBIT return for the
Report each	negative number.
W-2 on a separate line. Round off cents to
tax year of Schedule K-1; and 3) the PTE’s Metro “income	tax year of Schedule K-1; and 3) the PTE’s Metro “income
whole dollars. If two or more amounts must be added to
subject to tax” reported on the METBIT return. Your	subject to tax” reported on the METBIT return. Your
figure the amount to enter on	Check box for additional pass-through income
a line, include cents when
deduction should be the amount of your distributive share	deduction should be the amount of your distributive share
adding	modifications
the amounts
and	and
round off only the total.	statement. If you have pass-through
of the PTE’s income subject to tax reported to you with	of the PTE’s income subject to tax reported to you with
	income/loss from more than five PTEs to deduct or add-
Schedule K-1. The deduction is limited to the amount of	Schedule K-1. The deduction is limited to the amount of
Column ( a).	back, check
Employee SSN. Enter
the	the
social security	box, and
	attach a statement which includes
pass-through income, from the entity that paid the METBIT,	pass-through income, from the entity that paid the METBIT,
number of
the	the
filer shown in box a of	following information for each additional PTE:
the	the
W-2.	tax
	ID
that is included in your federal Form 1040.	that is included in your federal Form 1040.
Column ( b). Employer	of the PTE;
Name. Enter
the name of the	the name of the
employer	PTE;
shown in box c
of the	of the
W-2. Losses from	PTE’s “income subject
Pass-Through Entity Subject
to	to
	tax” reported on the
METBIT	METBIT
Column ( c). Employer	return or your
FEIN. Enter the employer
Net operating losses generated in the current tax year at the	Net operating losses generated in the current tax year at the
identification number (	required add-back
EIN) shown in box b
of	of
	loss incurred by the PTE; and
the	the
W-2.	total
PTE level are allowed to be claimed at the individual level	PTE level are allowed to be claimed at the individual level
Column ( d). Local Wages, Tips, Etc . Enter	modification claimed related to the PTE. Include
the	the
amount	total
to the extent that the loss is allowed on the federal and	to the extent that the loss is allowed on the federal and
	amount of additional modifications from the statement on
Oregon return. A pass-through	Oregon return. A pass-through
loss	modification
cannot exceed	cannot exceed
the shown	line B-2.
in box 18 of the W-2. Make sure that
the	the
locality
amount of pass-through	amount of pass-through
loss	income
included in Oregon taxable	included in Oregon taxable
name shown in box 20 indicates that the value in box 18 is
income or to reduce your Metro taxable income to	income or to reduce your Metro taxable income to
	Line B-2. Total sum from column ( e). Enter sum of all
an	an
for the Metro SHS tax.
amount below zero.	amount below zero.
Column ( e). Local Income Tax Withheld.	eligible pass-through income/loss from column ( e)
	and the supplemental statement ( if applicable).
Enter the	Enter the
	amount
If you claimed a net operating loss deduction ( NOLD)	If you claimed a net operating loss deduction ( NOLD)
	on from line B-2
on	on
amount shown in box	line 3, Part I
19
of the	of the
W-2. Make sure that the	return. If you have a
	net
your federal Form 1040 that was from a carryforward of	your federal Form 1040 that was from a carryforward of
	loss, enter this as
a	a
locality name shown in box 20 indicates that the value in	positive number on line 3. If you have a passive activity
	loss or
net operating loss from a PTE that	net operating loss from a PTE that
	net gain, enter this as a negative number
was subject to the	was subject to the
box 19 is for the Metro SHS tax.
METBIT, the deduction is disallowed for	METBIT, the deduction is disallowed for
	on line 3.
purposes of the Metro SHS Personal Income Tax and must be added back	purposes of the Metro SHS Personal Income Tax and must be added back
Check box if you have additional employer
to your Oregon taxable income as a	to your Oregon taxable income as a
pass-through withholdings,	pass- through
and submit statement. If you have more
modification. Include a statement explaining the adjustment.	modification. Include a statement explaining the adjustment.
than four W-2s that show Metro Tax withholdings, check the Page 5 of , 6 2022 MET-40 Instructions ( Rev. 03/22/2023)
Report each PTE on a separate line. If income or loss flows	Report each PTE on a separate line. If income or loss flows
Column ( e). Modification Claimed for Pass-Through
through one or more pass-through entities between the	through one or more pass-through entities between the
Income. For the deduction for pass-through income from a
entity that paid tax and your federal return, adjustments may	entity that paid tax and your federal return, adjustments may
PTE’s income subject to tax, multiply column ( c) by column
be required. Submit a copy of the corresponding	be required. Submit a copy of the corresponding
Schedule (	Schedule
d) and enter the result. Enter deductions for income from a
K-1 for each modification claimed.	K-1 for each modification claimed.
PTE’s income subject to tax as a positive number. Enter losses as a negative number.
Column ( a). Tax ID of Pass-Through Entity. Enter the S corporation or partnership employer identification number	Column ( a). Tax ID of Pass-Through Entity. Enter the S corporation or partnership employer identification number
Check box for additional pass-through income
from box A of the Schedule K-1.	from box A of the Schedule K-1.
modifications and statement. If you have pass-through income/loss from more than five PTEs to deduct or add-
Column ( b). Name of Pass-Through Entity. Enter the	Column ( b). Name of Pass-Through Entity. Enter the
back, check the box, and attach a statement which includes
name of the S corporation or partnership from box B	name of the S corporation or partnership from box B
of the the following information for each additional PTE: the tax ID Schedule K-1. of the PTE; the name of the PTE; of the PTE’s “income subject to tax” reported on the METBIT return or your Column ( c). Income Subject to Tax from Pass-Through required add-back of loss incurred by the PTE; and the total Entity. For the deduction for pass-through income from a modification claimed related to the PTE. Include the total PTE’s income subject to tax, enter the “income subject to amount
of	of
additional modifications from
the	the
statement on tax” from the S corporation or partnership METBIT return line B-2. that was reported to you by the PTE with
Schedule K-1.	Schedule K-1.
Line B-2. Total sum from column ( e). Enter sum of all For net operating loss deductions ( NOLD) that must be eligible pass-through income/loss from column ( e) and the added back, enter the amount of net operating loss supplemental statement ( if applicable). Enter the amount deduction allowed on your federal return from a pass- from line B-2 on line 3, Part I of the return. If you have a net through entity subject to the METBIT. Enter a loss as a loss, enter this as a positive number on line 3. If you have a negative number. net gain, enter this as a negative number on line 3. Column ( d). Ownership Percentage. Enter your ownership percentage in the PTE. For an NOLD that must be added back, enter 100% as 1. 000000.
Page 6 of , 6 2022 MET-40 Instructions ( Rev.	Page 6 of , 6 2022 MET-40 Instructions ( Rev.
03/22/2023)	01/22/2023)
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