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2020 Form OR-20-S
Oregon Department of Revenue
Page 3 of 8
1. Income taxed on federal Form 1120-S from: (a) Built-in gains (see
instructions)............................................................................................1a.
(b) Excess net passive income (see instructions) ..................................1b.
Total: Line 1a plus line 1b .............................................................Total 1c.
2. Total additions from Schedule OR-ASC-CORP, Section A, (only if apply
to amounts included in line 1, see instructions) .......................................2.
3. Total subtractions from Schedule OR-ASC-CORP, Section B, (only if
apply to amounts included in line 1, see instructions) ............................. 3.
4. S corporation income before net loss deduction (line 1c plus line 2,
minus line 3) If income is entirely from Oregon sources, continue.
If from both Oregon and other states, see Schedule OR-AP and
continue ..................................................................................................4.
5. Net loss from prior years as C corporation (deductible from built-in
gain income only) (include schedule, enter as a positive number) ..........5.
6. Enter the apportionment percentage from Schedule OR-AP, part 1,
line 23. Enter 100.0000 if you don’t apportion income ............................ 6.
You must attach Schedule OR-AP to apportion income.
7. Oregon taxable income (line 4 minus line 5, or from Schedule OR-AP,
part 2, line 12) ..........................................................................................7.
Tax
8. Calculated tax (see instructions) .............................................................. 8.
9. Schedule OR-FCG-20 adjustment (see instructions,
include schedule) .....................................................................................9.
10. Total calculated tax (line 8 minus line 9) ................................................10.
11. Minimum tax (see instructions) ..............................................................11.
12. Tax (greater of line 10 or line 11) ............................................................12.
%
• Use UPPERCASE letters. • Use blue or black ink. • Print actual size (100%). • Don’t submit photocopies or use staples.
150-102-025
(Rev. 09-29-20, ver. 01)
S corporations without built-in gains or excess net passive income, fill in your apportionment percentage on
line 6 then enter -0- on lines 7, 8, and 10 and go to line 11.
Continued on next page