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2022 Schedule OR-FIA-COMP Instructions
Page 1 of 5, 150-101-164-1 Oregon Department of Revenue
(Rev. 08-25-22)

Oregon Farm Income Averaging Computation of Tax

Instructions for Schedule OR-FIA-COMP also entered on Form 1040, line 6), a $7,000 loss on Schedule
D, line 16, and a $4,000 capital loss carryover to 2020. The
Purpose. Schedule OR-FIA-COMP is used to help compute capital losses are not from Oregon sources. Since the NOL is
your Oregon Farm Income average. This schedule is needed for Oregon only, no adjustment is necessary for the capital
to complete Schedules OR-FIA-40, OR-FIA-40-N, and loss deduction or for the capital loss carryover to 2020. John
OR-FIA-40-P.
enters 0 in both columns on line 2 of the 2019 worksheet.
Before you begin, you will need the amount from Schedule
John had no net operating losses for tax year 2019 for either
OR-FIA-40, line 6; OR-FIA-40-N, line 10; or OR-FIA-40-P,
federal or Oregon. Because the NOL from 2020 is completely
line 9.
absorbed in 2019, there is no carryover to tax years after 2019.
On Schedule OR-FIA-COMP, complete either Computation John enters 0 in both columns on line 3 of the worksheet.
A, B, or C for each tax year. You will use figures from Sched- John adds the amounts on lines 1, 2, and 3, and enters the
ule OR-FIA-COMP to complete Schedule OR-FIA-40-N, lines result, negative $2,850, on line 4b of the worksheet. John
11 through 13; or OR-FIA-40-P, lines 10 through 12. adds 0 to the $25,906 and enters the result, positive $25,906,
on line 4a of the worksheet. These figures represent John’s
If you filed a nonresident or part-year return in 2019, 2020,
recomputed federal and Oregon income after subtractions
or 2021, complete Schedule OR-FIA-COMP for Schedule OR-
for tax year 2019. John enters both of these figures on Sched-
FIA-40, lines 8, 12, and 16.
ule OR-FIA-COMP, Computation A for tax year 2019, line 1,
If you were a part-year resident or a nonresident for 2019, in the federal and Oregon columns.
2020, or 2021 and if your income after subtractions for either
For tax year 2020, John has an NOL for Oregon only. John’s
federal or Oregon was zero or less for any of these three tax
income after subtractions is $10,850 for federal and negative
years, use the FIA taxable income worksheets to figure the
$27,250 for Oregon. John enters $10,850 on line 9a and nega-
amount to enter on Schedule OR-FIA-COMP, Computation
tive $27,250 on line 9b of the 2020 worksheet.
A or B, line 1.
If you were a full-year resident with taxable income that was John had a $3,000 net capital loss deduction on his 2020
0 or less for 2019, 2020, or 2021, use the FIA taxable income Schedule D, line 21, and a $7,000 loss on Schedule D, line
worksheets to figure the amount to enter on Schedule OR- 16, the carryover from 2019 to 2020. Because the NOL is for
FIA-COMP, Computation C, line 1. Oregon only, no adjustment is necessary on line 10a and no
adjustment is made on line 10b since the capital loss deduc-
NOL means net operating loss and applies to the year of the tion isn’t an Oregon source. John enters 0 on lines 10a and
actual loss. NOLD means net operating loss deduction and 10b of the 2020 worksheet. John enters 0 on line 11a and the
applies to the year to which the NOL is carried. Oregon only NOL of $22,950 on line 11b of the worksheet.
Example: John owns a farm in Ontario, Oregon, but is a resi- In the federal column on line 12a, John enters positive
dent of Idaho. John files as a nonresident for Oregon each $10,850. For the Oregon column, John adds $22,950 from line
year. John didn’t use farm income averaging for 2019, 2020, 11b and negative $27,250 from line 9b of the worksheet and
or 2021. For tax year 2022, John has elected farm income of enters negative $4,300 on line 12b. These figures represent
$18,000 on Schedule OR-FIA-40-N, line 2. His 2019 income John’s recomputed federal and Oregon income after subtrac-
after subtractions shown on Form OR-40-N, line 34, is $25,906 tions for tax year 2020. John enters both of these figures on
in the federal column and $6,150 in the Oregon column. Schedule OR-FIA-COMP, Computation A, for tax year 2020,
John had an NOL for tax year 2020 of $22,950 for Oregon line 1, in the federal and Oregon columns.
only, which he elected to carry back five years. Of the $22,950 For tax year 2021, John’s income after subtractions isn’t
loss, $9,000 was carried back to tax years before tax year 2019 negative in either the federal or Oregon columns. Therefore,
and the remaining amount was completely absorbed in 2019. John can complete Schedule OR-FIA-COMP without using
John combines the $9,000 NOLD from the earlier tax years the worksheets.
with his 2019 Oregon income after subtractions of $6,150.
The result is negative $2,850 and is entered in the Oregon
Forms and additional resources
column on line 1(b) of the 2019 taxable income worksheet.
John enters $25,906 in the federal column on line 1(a) of the Visit our website at www.oregon.gov/dor/forms, to
2019 worksheet. download:
When John filed his 2019 federal tax return, he had a $3,000 • Current forms, instructions, and publications.
net capital loss deduction on Schedule D, line 21 (which was • Prior year forms and instructions.

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Access Oregon tax forms and instructions on our website 
anytime, or contact us to order them.

Do you have questions or need help?
  www.oregon.gov/dor
503-378-4988 or 800-356-4222
questions.dor@dor.oregon.gov
Contact us for ADA accommodations or assistance in other 
languages.

Page 2 of 5, 150-101-164-1
(Rev. 08-25-22)                                          2022 Schedule OR-FIA-COMP Instructions

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2019 FIA taxable income worksheets

Part-year or nonresident return for 2019 Full-year return for 2019
1. Figure income after 5. Figure the taxable income from
subtractions, for federal and your 2019 tax return without
Oregon, from your 2019 limiting it to 0. Include any
Form OR-40-N or Form OR-40-P NOLD carryovers or carrybacks
without limiting it to 0. if you didn’t have an NOL in
Include any NOLD carryovers 2019. Don’t include any NOLD
or carrybacks if you carryover or carryback from
didn’t have an NOL in other years if you had an NOL
2019. Don’t include any Federal (a) Oregon (b) in 2019. Enter the result here ............... 5. ___________
NOLD carryover or carry- 6. If there is a loss on your 2019
back from other years if federal Schedule D, line 21,
you had an NOL in 2019. add that loss (as a positive
Enter the result here .....................1a. ______ 1b._______ amount) and your 2019 capital
2. If there is a loss on your 2019 loss carryover to 2020. Subtract
federal Schedule D, line 21, from that sum the amount of
add that loss (as a positive the loss on your 2019 federal
amount) and your 2019 capital Schedule D, line 16. Enter
loss carryover to 2019. Subtract the result here ........................................ 6. ___________
from that sum the amount of 7. If you had an NOL for 2019,
the loss on your 2019 federal enter it as a positive amount
Schedule D, line 16. Enter here. Otherwise, enter the
the result here ...............................2a. ______ 2b._______ portion (if any) of the NOLD
3. If you had an NOL for 2019 carryovers and carrybacks
for federal or Oregon, or both, to 2019 that weren’t used
enter amounts as a positive in 2019 and were carried to
number in the appropriate tax years after 2019 as a
column. Otherwise, enter as a positive amount here ............................ 7. ___________
positive amount the portion 8. Add lines 5, 6, and 7. Enter the
(if any) of the NOLD carryovers result here, and on your 2022
and carrybacks to 2019 that were Schedule OR-FIA-COMP, Tax
not used in 2019 and were Year 2019, Computation C, line 1 ........ 8. ___________
carried to tax years after 2019 .....3a. ______ 3b._______
4. Add lines 1, 2, and 3 for each
column. Enter the result here
and on your 2022
Schedule OR-FIA-COMP,
Tax Year 2019, Computation A
or B, line 1 ......................................4a. ______ 4b._______

Page 3 of 5, 150-101-164-1
(Rev. 08-25-22) 2022 Schedule OR-FIA-COMP Instructions

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2020 FIA taxable income worksheets

Part-year or nonresident return for 2020 Full-year return for 2020
9. Figure income after 13. Figure the taxable income
subtractions, for federal and from your 2020 tax return
Oregon, from your 2020 without limiting it to 0.
Form OR-40-N or Form OR-40-P Include any NOLD carryovers
without limiting it to 0. Include any or carrybacks if you
NOLD carryovers or carrybacks didn’t have an NOL in 2020.
if you didn’t have an NOL in Don’t include any NOLD
2020. Don’t include any NOLD Federal (a) Oregon (b) carryover or carryback from
carryover or carryback from other years if you had an NOL
other years if you had an in 2020. Enter the result here ............... 13. __________
NOL in 2020. Enter the 14. If there is a loss on your
result here ......................................9a. ______ 9b._______ 2020 federal Schedule D,
10. If there is a loss on your line 21, add that loss (as a
2020 federal Schedule D, positive amount) and your
line 21, add that loss (as a 2020 capital loss carryover
positive amount) and your 2020 to 2021. Subtract from that
capital loss carryover to 2021. sum the amount of the
Subtract from that sum the loss on your 2020 federal
amount of the loss on your Schedule D, line 16. Enter
2020 federal Schedule D, line the result here ........................................ 14. __________
16. Enter the result here .............10a. ______ 10b. ______ 15. If you had an NOL for 2020,
11. If you had an NOL for 2020 enter it as a positive amount
for federal or Oregon, or both, here. Otherwise, enter the
enter amounts as a positive portion (if any) of the NOLD
number in the appropriate carryovers and carrybacks to
column. Otherwise, enter as 2020 that weren’t used in
a positive amount the portion 2020 and were carried to tax
(if any) of the NOLD carryovers years after 2020 as a positive
and carrybacks to 2020 amount here ........................................... 15. __________
that weren’t used in 2020 16. Add lines 13, 14, and 15. Enter
and were carried to tax years the result here, and on your 2022
after 2020 ..................................... 11a. ______ 11b. ______ Schedule OR-FIA-COMP, Tax Year
12. Add lines 9, 10, and 11. 2020, Computation C, line 1 ................ 16. __________
Enter the result here and on your
2022 Schedule OR-FIA-COMP,
Tax Year 2020, Computation A
or B, line 1 ....................................12a. ______ 12b. ______

Page 4 of 5, 150-101-164-1
(Rev. 08-25-22) 2022 Schedule OR-FIA-COMP Instructions

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2021 FIA taxable income worksheets

Part-year or nonresident return for 2021 Full-year return for 2021
17. Figure income after 21. Figure the taxable income
subtractions, for federal and from your 2021 tax return
Oregon, from your 2021 without limiting it to 0.
Form OR-40-N or Form Include any NOLD carryovers
OR-40-P without limiting it or carrybacks if you
to 0. Include any NOLD didn’t have an NOL in
carryovers or carrybacks if you 2021. Don’t include any
didn’t have an NOL in NOLD carryover or carryback
2021. Don’t include any from other years if
Federal (a) Oregon (b)
NOLD carryover or carryback you had an NOL in 2021.
from other years if Enter the result here .............................. 21. __________
you had an NOL in 2021. 22. If there is a loss on your
Enter the result here ...................17a. ______ 17b ._______ 2021 federal Schedule D,
18. If there is a loss on your line 21, add that loss (as a
2021 federal Schedule D, positive amount) and your
line 21, add that loss (as a 2021 capital loss carryover
positive amount) and your to 2022. Subtract from that
2021 capital loss carryover sum the amount of the loss
to tax year 2022. Subtract on your 2021 federal
from that sum the amount Schedule D, line 16. Enter
of the loss on your 2021 the result here ........................................ 22. __________
federal Schedule D, line 23. If you had an NOL for
16. Enter the result here .............18a. ______ 18b._______ 2021, enter it as a positive
19. If you had an NOL for 2021 amount here. Otherwise,
for federal or Oregon, or both, enter the portion (if any)
enter amounts as a positive of the NOLD carryovers
number in the appropriate and carrybacks to 2021
column. Otherwise, enter as a that weren’t used in
positive amount the portion 2021 and were carried to
(if any) of the NOLD tax years after 2021 as a
carryovers and carrybacks to positive amount here ............................ 23. __________
2021 that were not used in 24. Add lines 21, 22, and 23. Enter
2021 and were carried to the result here, and on your
tax years after 2021 .....................19a. ______ 19b ._______ 2022 Schedule OR-FIA-COMP,
20. Add lines 17, 18, and 19. Tax Year 2021, Computation C,
Enter the result here and line 1 ........................................................ 24. __________
on your 2022 Schedule
OR-FIA-COMP, Tax Year 2021,
Computation A or B, line 1 ........20a. ______ 20b ._______

Page 5 of 5, 150-101-164-1
(Rev. 08-25-22) 2022 Schedule OR-FIA-COMP Instructions

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