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Schedule OR-K-1 Instructions
Distributive Share of Income, Deductions, Credits, etc. 2022

New information • If the owner is a nonresident who elected to be included
in Form OR-OC filed by the PTE, mark the box for Form
If the entity is making the election to pay tax at the entity OR-OC and complete line 21 in Part III.
level for calendar year 2022, complete Form OR-21 and • If a nonresident owner didn’t elect to be included in
associated schedules first. Note: Schedule OR-K-1 is not a Form OR-OC, the PTE is generally required to with-
substitute for Schedule OR-21-K-1 which is required to be hold tax and make owner payments on the nonresident
owner’s behalf, unless the owner submits Form OR-19-
provided by electing PTEs to all of its members. Don’t use
AF stating that they will make their own estimated tax
this schedule to report the PTE-E distributive proceeds, ad-
payments. Resident owners may elect to have owner
dition, or credit. Use Schedule OR-21-K-1 for that purpose.
payments made on their behalf. Withheld owner tax
payments are reconciled at the end of the year when the
General information PTE files Form OR-19 .If the PTE made tax payments on
the owner’s behalf, mark the box for Form OR-19 and
Schedule OR-K-1 is used by a pass-through entity (PTE) to complete line 20 in Part III.
provide an individual owner with information necessary to • If tax wasn’t withheld on a nonresident owner’s behalf
complete the owner’s Oregon income tax return. because the nonresident owner submitted an affidavit,
mark the box for Form OR-19-AF.
Schedule OR-K-1 isn’t designed to substitute for a federal • If the owner is a nonresident and the PTE wasn’t re-
Schedule K-1 and isn’t designed for owners that are corpo- quired to submit payments for this owner, or if the PTE
rations, estates, trusts, other PTEs, or disregarded entities. elected to pay the PTE-E tax and withholding wasn’t
required, mark the “Not required” checkbox.
Instructions for pass-through entities For more information on these requirements, see Publica-
tion OR-OC, Form OR-19 Instructions, or Form OR-19-AF
Complete Schedule OR-AP, if needed, before completing Instructions.
this schedule. Owner’s share of profit and loss/stock ownership—Enter
If this is a final or amended Schedule OR-K-1, check the ap- the owner’s beginning and ending pro rata share percentage
propriate box at the top of the schedule. For a PTE filing for of profit and loss, or stock ownership.
a fiscal or short tax year, enter the starting and ending dates.
Part III—Distributive share items
Parts I and II—PTE and owner information
Enter the Oregon apportionment percentage for the PTE. If
Complete all fields for both the PTE and the owner. If the all business was transacted within Oregon, enter 100 percent.
owner is considered a disregarded entity for tax purposes, the Otherwise, enter the percentage from Schedule OR-AP, line
individual owner’s information must be used. Two common 23.
examples of disregarded entities are single-member LLCs and For Oregon residents—Complete lines 1–18 of the federal
revocable trusts. (Note: If the disregarded entity’s information column (a) and lines 19 and 20, column (b). Don’t use lines
is used to report withholding or other information, delays 1–18 of the Oregon column (b) for Oregon residents.
in processing may occur, or the individual owner may not
For nonresidents—Complete both the federal column (a)
receive credit for amounts listed on this schedule.)
and the Oregon column (b). The amounts in the federal col-
Business code number—Provide the business code number umn (a) are reported as if the owner were a full-year Oregon
(or North American Industry Classification System code) as resident. The amounts in the Oregon column (b) are the
reported on line C of federal Form 1065 or line B of federal Oregon source portion of the item allocated or apportioned
Form 1120-S . The code is reported on Schedules OR-PTE-FY, to Oregon.
OR-PTE-PY, or OR-PTE-NR for taxpayers using the reduced
tax rate for qualified business income. Column (a)—Federal column
Owner’s member type—Check the appropriate box. Lines 1 through 13. Enter the amounts from federal Schedule
K-1 where appropriate. On line 13, enter the owner’s pro rata
Oregon residency—Check the appropriate box. If the owner share for each adjustment they can claim on their federal
is a nonresident, indicate the state of legal residence. return. Use parentheses for losses and adjustments.
Checkboxes—Mark the appropriate box regarding the PTE’s Lines 14 through 18. Enter the owner’s pro rata share for
requirements for this owner. each addition and subtraction as a positive amount. Don’t

150-101-002-1 (Rev. 08-12-22) Page 1 of 2 2022 Schedule OR-K-1 Instructions

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include the PTE-E addition if the PTE made the election to your federal return and in the federal column of Form OR-
pay PTE-E tax. 40-N. Enter the amounts in column (b) of this schedule in
the Oregon column of Form OR-40-N along with any other
Column (b)—Oregon column Oregon source income. Report the Oregon adjustments, ad-
If the owner is a nonresident, multiply the apportionment ditions, subtractions, and credits from lines 14 through 19
percentage by the owner’s pro rata share of each item in the on Schedule OR-ASC-NP. Use the appropriate code for each
federal column. Don’t use lines 1 through 18 of the Oregon item as shown on an attachment to Schedule OR-K-1 or as
column (b) for full-year residents. listed in Publication OR-CODES. If the PTE withheld tax on
your behalf, enter the amount on line 20 as a PTE payment
Lines 1 through 13. Enter the owner’s pro rata share of in- on your nonresident return.
come apportioned and allocated to Oregon. Use parentheses
for losses and adjustments. Important: You aren’t required to file an Oregon return if
you elected to be included in a composite return filed by
Lines 14 through 18. Enter the owner’s pro rata share of
this PTE unless you have other Oregon source income to
each Oregon addition and subtraction as a positive amount.
report. If you made this election, the PTE must file Form OR-
Line 19. Enter the owner’s share of Oregon credits. Don’t OC and pay your share of Oregon tax on your behalf. You
include the PTE-E tax credit if the PTE elected to pay the may use the payment amount from line 21 of this schedule
PTE-E tax. to claim an itemized deduction on your federal return for
Line 20. Enter the total of all withheld tax payments submit- income tax paid to Oregon and to calculate a credit for in-
ted on behalf of the owner as reported on Form OR-19. come taxes paid to another state, if applicable. Don’t claim
the composite return payment on line 21 as a payment on
Line 21. For nonresidents who elected to be included in a your nonresident return.
composite filing only, enter the tax paid on behalf of the
owner from Form OR-OC. If you have questions about the PTE’s requirements to file or
pay taxes on your behalf, see Publication OR-OC and Form
For other income, adjustments, additions, subtractions, and
OR-19 Instructions.
credits, attach a separate schedule listing each item. Include
the code for each item from Publication OR-CODES You. Part-year residents. Report the amounts from column (a),
can use Schedule OR-ASC for resident owners or Schedule lines 1 through 13, with your other income from all sources
OR-ASC-NP for nonresident or part-year resident owners to on your federal return and in the federal column of Form
list the codes and amounts. OR-40-P. Oregon taxes all PTE income received while an
Include a copy of these instructions with the Schedule OR- Oregon resident. For the portion of the year you are a non-
K-1 you send to each owner. Keep a copy of each schedule resident, Oregon only taxes income from Oregon sources.
with your tax records; don’t submit them to the department. The amounts reported in column (b) may need to be modi-
fied to reflect income received from all sources when you
were a resident or from Oregon sources when you were a
Instructions for individual owners nonresident before you enter them in the Oregon column
on Form OR-40-P. Report the Oregon adjustments, addi-
Use the information provided on Schedule OR-K-1 and any tions, subtractions, and credits from lines 14 through 19 on
attachments to complete your Oregon return. Don’t include Schedule OR-ASC-NP. Use the appropriate code for each
Schedule OR-K-1 when you file your individual return. Keep
item as shown on an attachment to Schedule OR-K-1 or as
the schedule with your tax records.
listed in Publication OR-CODES. If the PTE withheld tax on
Losses may be claimed only to the extent that they are in- your behalf, enter the amount from line 20 as a PTE payment
cluded in federal adjusted gross income. on your part-year return.
Full-year residents. Include the amounts from column (a), If your residency status changes, be sure to notify the PTE.
lines 1 through 13, with your income from all sources on
your federal return. Report the Oregon additions, subtrac-
tions, and credits from lines 14 through 19 on Schedule OR- Do you have questions or need help?
ASC. Use the appropriate code for each item as shown on
an attachment to Schedule OR-K-1 or as listed in Publication www.oregon.gov/dor
OR-CODES. If the PTE withheld tax on your behalf, enter the 503-378-4988 or 800-356-4222
amount on line 20 as a PTE payment on your return. questions.dor@dor.oregon.gov
Nonresidents. Include the amounts from column (a), lines Contact us for ADA accommodations or assistance in other
1 through 13, with your other income from all sources on languages.

150-101-002-1 (Rev. 08-12-22) Page 2 of 2 2022 Schedule OR-K-1 Instructions

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