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             2022 Schedule OR-FIA-40-P
6           Page 1 of 2, 150-101-166                   Oregon Department of Revenue                       18462201010000                                                                           6
7           (Rev. 08-25-22, ver. 01)                                                                                                                                                               7
8            Oregon Farm Income Averaging for Part-year Residents                                                                                                                                  8
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12          First name               Initial Last name                                                                   Social Security number (SSN)                                              12
13           XXXXXXXXXXXX X XXXXXXXXXXXXXXXXXXXX                                                                         999-99-9999–                                           –                  13
14          Spouse first name        Initial Spouse last name                                                            Spouse SSN                                                                14
15           XXXXXXXXXXXX X XXXXXXXXXXXXXXXXXXXX                                                                         999-99-9999–                                           –                  15
16                                                                                                                                                                                                 16
17          Computation of 2022 taxable income                                                            Federal column                                                          Oregon column    17
18            1.  Enter income after subtractions from your 2022                                                                                                                                   18
19               Form OR-40-P, line 34............................................................... 1a. 999,999,999.00.00 1b.                                                  999,999,999.00.00 19
20            2.  Enter your elected farm income from Oregon sources from                                                                                                                          20
21              federal Schedule J, line 2a; or from Form OR-40-P, line 18S ... 2a.                       999,999,999.00.00 2b.                                                  999,999,999.00.00 21
22            3.  Line 1 minus line 2 in both the federal and Oregon columns ... 3a.                      999,999,999.00.00 3b.                                                  999,999,999.00.00 22
23            4.  Recomputed Oregon percentage. Divide line 3b by line 3a                                                                                                                          23
24              (not more than 100%) ................................................................. 4. 999.9.         %                                                                         24
25            5.  Enter allowable deductions and modifications from your                                                                                                                           25
26               2022 Form OR-40-P, line 42........................................................ 5.    999,999,999.00.00                                                                        26
27            6.  Line 3a minus line 5. Enter the result here .............................................................................................. 6.                  999,999,999.00.00 27
28            7.  Figure the tax on line 6 using the 2022 tax rate charts ........................................................................... 7.                         999,999,999.00.00 28
29            8.  Multiply line 7 by the recomputed Oregon percentage                                                                                                                              29
30              on line 4  .................................................................................................................................................. 8. 999,999,999.00.00 30
31             9.  Divide line 2b by 3 and enter here .......................................................................................................... 9.              999,999,999.00.00 31
32                                                                                                                                                                                                 32
33          Prior years’ tax                                                                                                                                                                       33
34           10.  Enter the amount from your 2022 Schedule OR-FIA-COMP,                                                                                                                            34
35              Computation for Tax Year 2019, Computation A, line 10;                                                                                                                             35
36              Computation B, line 8; or Computation C, line 4; whichever                                                                                                                         36
37              applies ................................................................................................................................................... 10.  999,999,999.00.00 37
38           11.  Enter the amount from your 2022 Schedule OR-FIA-COMP,                                                                                                                            38
39              Computation for Tax Year 2020, Computation A, line 10;                                                                                                                             39
40              Computation B, line 8; or Computation C, line 4; whichever                                                                                                                         40
41               applies ................................................................................................................................................... 11. 999,999,999.00.00 41
42           12.  Enter the amount from your 2022 Schedule OR-FIA-COMP,                                                                                                                            42
43              Computation for Tax Year 2021, Computation A, line 10;                                                                                                                             43
44              Computation B, line 8; or Computation C, line 4; whichever                                                                                                                         44
45              applies ................................................................................................................................................... 12.  999,999,999.00.00 45
46           13.  Add lines 8, 10, 11, and 12 ................................................................................................................... 13.            999,999,999.00.00 46
47                                                                                                                                                                                                 47
48          Computation of 2022 tax                                                                                                                                                                48
49           14. 2019 tax:                                                                                                                                                                         49
50               If you used FIA to figure your tax for 2021,                                                                                                                                      50
51               enter the amount from your 2021 Schedule OR-FIA-40, line 12;                                                                                                                      51
52               OR-FIA-40-N, line 12; or OR-FIA-40-P, line 11.                                                                                                                                    52
53               If you didn’t use FIA in 2021 but did for 2020, enter                                                                                                                             53
54               the amount from 2020 Schedule OR-FIA-40, line 16; OR-FIA-40-N,                                                                                                                    54
55               line 13; or OR-FIA-40-P, line 12.                                                                                                                                                 55
56               If you didn’t use FIA in 2021 or 2020 but did in 2019,                                                                                                                            56
57               enter the amount from 2019 Schedule OR-FIA-40, line 4; OR-FIA-40-N,                                                                                                               57
58               line 9; or OR-FIA-40-P, line 8.                                                                                                                                                   58
59               Otherwise, enter the tax from your 2019 Form OR-40,                                                                                                                               59
60               line 20; OR-40-N, line 46; or OR-40-P, line 45 ...................................................................................... 14.                       999,999,999.00.00 60
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             2022 Schedule OR-FIA-40-P
72           Page 2 of 2, 150-101-166               Oregon Department of Revenue    18462201020000                                                                                           72
73           (Rev. 08-25-22, ver. 01)                                                                                                                                                        73
74            15. 2020 tax:                                                                                                                                                                  74
75                If you used FIA to figure your tax for 2021, enter the                                                                                                                     75
76                amount from your 2021 Schedule OR-FIA-40, line 16; OR-FIA-40-N,                                                                                                            76
77                line 13; or OR-FIA-40-P, line 12.                                                                                                                                          77
78                If you didn’t use FIA in 2021 but did for 2020, enter the                                                                                                                  78
79                amount from 2020 Schedule OR-FIA-40, line 4; OR-FIA-40-N, line 9;                                                                                        Oregon column     79
80                or OR-FIA-40-P, line 8.                                                                                                                                                    80
81                Otherwise, enter the tax from your 2020 Form OR-40,                                                                                                                        81
82                line 20; OR-40-N, line 46; or OR-40-P, line 45 ...................................................................................... 15.                999,999,999.00.00 82
83            16. 2021 tax:                                                                                                                                                                  83
84                If you used FIA to figure your tax for 2021, enter the                                                                                                                     84
85                amount from your 2021 Schedule OR-FIA-40, line 4; OR-FIA-40-N, line 9;                                                                                                     85
86                or OR-FIA-40-P, line 8.                                                                                                                                                    86
87                Otherwise, enter the tax from your 2021 Form OR-40,                                                                                                                        87
88                line 20; OR-40-N, line 46; or OR-40-P, line 45 ...................................................................................... 16.                999,999,999.00.00 88
89            17.  Add lines 14, 15, and 16 ....................................................................................................................... 17.    999,999,999.00.00 89
90            18.  Line 13 minus line 17 ............................................................................................................................ 18.  999,999,999.00.00 90
91            19.  Figure the tax on the amount on your 2022 Form OR-40-P,                                                                                                                   91
92              line 43, using the 2022 tax rate charts. Multiply the result by                                                                                                              92
93              the Oregon percentage on your 2022 Form OR-40-P, line 35,                                                                                                                    93
94              and enter here ....................................................................................................................................... 19. 999,999,999.00.00 94
95            20.  Is line 18 less than line 19? If yes: Enter the amount from                                                                                                               95
96              line 18 here and on Form OR-40-P, lines 44 and 45, and check box                                                                                                             96
97              44a. If no: your tax isn’t reduced by using                                                                                                                                  97
98              FIA. Complete your Form OR-40-P without using FIA.......................................................................... 20.                            999,999,999.00.00 98
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104                    —Don’t include this schedule with your Oregon return. Keep it with your records.—                                                                                     104
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