1                                                                                                                                                                                          1
  1  2   2    5  6  7  8  9  10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81   Form With grid With grid & data2   84 85
3 4                                                                                                                                                                                        82 83
3                                                                                                                                                                                          3
4                                                                                                                                                                                          4
5           2022 Schedule OR-FCG-20                                                                                                                                     Office use only    5
6           Page 1 of 2, 150-102-167                 Oregon Department of Revenue 02972201010000                                                                                           6
7           (Rev. 08-01-22, ver. 01)                                                                                                                                                       7
8           Farm Liquidation Long-Term Capital Gain Tax Adjustment (ORS 317.063)                                                                                                           8
9                                                                                                                                                                                          9
10                                                                                                                                                                                         10
11                                                   Submit original form—do not submit photocopy.                                                                                         11
12          Taxpayer legal name (as shown on return)                                                Federal employer identification number (FEIN)                                          12
13                                                                                                                                                                                         13
            XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                     99-9999999-
14          Calculation of tax adjustment from sale of qualified farm assets                                                                                                               14
15                                                                                                                                                                                         15
16            1.  Oregon taxable income from Form OR-20, line 9, or Form OR-20-S, line 7                                                                                                   16
17          (if zero or less, don’t continue) .................................................................................................. 1.           99,999,999,999.00.00         17
18                                                                                                                                                                                         18
19            2.  Farm net long-term capital gain (NLTCG) (from line 11 below) ................................................. 2.                           99,999,999,999.00.00         19
20                                                                                                                                                                                         20
21            3.  Modified taxable income (subtract line 2 from line 1, but not less than zero) ........................... 3.                                99,999,999,999.00.00         21
22                                                                                                                                                                                         22
23            4.  Oregon tax on the amount on line 3 (see instructions) ............................................................. 4.                      99,999,999,999.00.00         23
24                                                                                                                                                                                         24
25            5.  Enter the smaller of line 1 or line 2 above ................................................................................. 5.            99,999,999,999.00.00         25
26                                                                                                                                                                                         26
27            6.  Multiply line 5 by 5 percent (0.05) ............................................................................................. 6.        99,999,999,999.00.00         27
28                                                                                                                                                                                         28
29            7.  Add line 4 and line 6 .................................................................................................................. 7. 99,999,999,999.00.00         29
30                                                                                                                                                                                         30
31            8.  Oregon tax on the amount on line 1 (see instructions) ............................................................. 8.                      99,999,999,999.00.00         31
32                                                                                                                                                                                         32
33            9.  If line 7 is greater than line 8, don’t continue. If line 7 is less than line 8, then subtract                                                                           33
34          line 7 from line 8. Enter this amount on Form OR-20, line 11, or Form OR-20-S, line 9 .......... 9.                                               99,999,999,999.00.00         34
35                                                                                                                                                                                         35
36                                                                                                                                                                                         36
37                                                                                                                                                                                         37
38          Calculation of qualified farm gain                                                                                                                                             38
39                                                                                                                                                                                         39
40            1.  Total NLTCG from business activity included on federal Form 1120 or 1120-S,                                                                                              40
41          Schedule D, line 15 (reduced by any NLTCG from non-unitary affiliates included                                                                                                 41
42          in the federal consolidated return) ............................................................................................ 1.               99,999,999,999.00.00         42
43                                                                                                                                                                                         43
44            2.  If all business is done in Oregon, enter 100 percent. If Oregon income is apportioned,                                                                                   44
45          enter the Oregon apportionment percentage from Schedule OR-AP, part 1, line 23                                                                                                 45
46          (round to four decimal places)................................................................................................... 2.                        999.9999.        % 46
47                                                                                                                                                                                         47
48            3.  Oregon NLTCG from business activity (line 1 multiplied by line 2) ........................................... 3.                            99,999,999,999.00.00         48
49                                                                                                                                                                                         49
50            4.  NLTCG from non-business activity included in Schedule OR-AP, part 2, line 7 ....................... 4.                                      99,999,999,999.00.00         50
51                                                                                                                                                                                         51
52            5.  Total Oregon NLTCG (line 3 plus line 4)..................................................................................... 5.             99,999,999,999.00.00         52
53                                                                                                                                                                                         53
54            6.  Total farm NLTCG from business activity included on federal Form 1120 or 1120-S,                                                                                         54
55          Schedule D, line 15 (reduced by any farm NLTCG from non-unitary affiliates included                                                                                            55
56          in the federal consolidated return) ............................................................................................ 6.               99,999,999,999.00.00         56
57                                                                                                                                                                                         57
58            7.  If all business is done in Oregon, enter 100 percent. If Oregon income is apportioned,                                                                                   58
59          enter the Oregon apportionment percentage from Schedule OR-AP, part 1, line 23                                                                                                 59
60          (round to four decimal places)................................................................................................... 7.                        999.9999.        % 60
61                                                                                                                                                                                         61
62                                                                                                                                                                                         62
63                                                                                                                                                                                         63
64                                                                                                                                                                                         64
  1  2   65   5  6  7  8  9  10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81   65                             84 85
3 4                                                                                                                                                                                        82 83
66                                                                                                                                                                                         66

67                                                                                                                                                                       67
  1  2   68   5  6  7  8  9  10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81   68   84 85
3 4                                                                                                                                                                      82 83
69                                                                                                                                                                       69
70                                                                                                                                                                       70
71           2022 Schedule OR-FCG-20                                                                                                                                     71
72           Page 2 of 2, 150-102-167 Oregon Department of Revenue 02972201020000                                                                                        72
73           (Rev. 08-01-22, ver. 01)                                                                                                                                    73
74                                                                                                                                                                       74
75             8.  Oregon farm NLTCG from business activity (line 6 multiplied by line 7) ....................................8.                    99,999,999,999.00.00 75
76                                                                                                                                                                       76
77             9.  Farm NLTCG from non-business activity included in Schedule OR-AP, part 2, line 7 ...............9.                               99,999,999,999.00.00 77
78                                                                                                                                                                       78
79             10.  Total Oregon farm NLTCG (line 8 plus line 9) ...........................................................................10.     99,999,999,999.00.00 79
80                                                                                                                                                                       80
81             11.  Farm NLTCG (lesser of line 5 or line 10) ...................................................................................11. 99,999,999,999.00.00 81
82                                                                                                                                                                       82
83                                                                                                                                                                       83
84           Mark the “OR-FCG-20” box on the front of your return and include this schedule with your return.                                                            84
85                                                                                                                                                                       85
86                                                                                                                                                                       86
87                                                                                                                                                                       87
88                                                                                                                                                                       88
89                                                                                                                                                                       89
90                                                                                                                                                                       90
91                                                                                                                                                                       91
92                                                                                                                                                                       92
93                                                                                                                                                                       93
94                                                                                                                                                                       94
95                                                                                                                                                                       95
96                                                                                                                                                                       96
97                                                                                                                                                                       97
98                                                                                                                                                                       98
99                                                                                                                                                                       99
100                                                                                                                                                                      100
101                                                                                                                                                                      101
102                                                                                                                                                                      102
103                                                                                                                                                                      103
104                                                                                                                                                                      104
105                                                                                                                                                                      105
106                                                                                                                                                                      106
107                                                                                                                                                                      107
108                                                                                                                                                                      108
109                                                                                                                                                                      109
110                                                                                                                                                                      110
111                                                                                                                                                                      111
112                                                                                                                                                                      112
113                                                                                                                                                                      113
114                                                                                                                                                                      114
115                                                                                                                                                                      115
116                                                                                                                                                                      116
117                                                                                                                                                                      117
118                                                                                                                                                                      118
119                                                                                                                                                                      119
120                                                                                                                                                                      120
121                                                                                                                                                                      121
122                                                                                                                                                                      122
123                                                                                                                                                                      123
124                                                                                                                                                                      124
125                                                                                                                                                                      125
126                                                                                                                                                                      126
127                                                                                                                                                                      127
128                                                                                                                                                                      128
129                                                                                                                                                                      129
130                                                                                                                                                                      130
  1  2   131   5  6  7  8  9  10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81   131   84 85
3 4                                                                                                                                                                      82 83
132                                                                                                                                                                      132