Use this form to claim additions, subtractions, or credits that aren’t specifically included on your Oregon fiduciary income tax return.
For more information, refer to the instructions beginning on the next page.
Name of trust or estate as shown on return
Federal employer identification number (FEIN) of trust or estate
Oregon Department of Revenue
18061801010000
2018 Schedule OR-ASC-FID
Oregon Adjustments for Form OR-41 Filers
Submit original form—do not submit photocopy.
Office use only
Page 1 of 1, 150-101-067 (Rev. 10-18)
Section 1: Other additions
Amount Code
1a.
1c.
1e.
1g.
1b.
1d.
1f.
1h.
State abbreviation
(if claiming code 802)
Enter total on Form OR-41,
Schedule 2, line 17
Section 2: Other subtractions
Section 3: Standard credits
2a.
2c.
2e.
2g.
Code Amount
2b.
2d.
2f.
2h.
Enter total on Form OR-41,
Schedule 2, line 11
Code
3a.
3d.
3g.
3j.
3b.
3e.
3h.
3k.
Enter total on Form OR-41, line 11
Amount
3c.
3f.
3i.
3l.
Section 4: Carryforward credits
Code
4a.
4e.
4i.
4m.
4b.
4f.
4j.
4n.
Amount from prior year
4c.
4g.
4k.
4o.
Amount awarded this year Total used this year
Enter total on Form OR-41, line 13
4d.
4h.
4l.
4p.
Section 5: Refundable credits
Code
Amount
Enter total on Form OR-41,
line 19
5a.
5c.
5e.
5g.
5b.
5d.
5f.
5h.
—You must include this schedule with your Oregon fiduciary income tax return, Form OR-41—
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Clear form
2
150-101-067 (Rev. 10-18)
Instructions for Schedule OR-ASC-FID
2018
New information
See the instructions for Form OR-41 for details.
Form instructions
Enter the code and amount for each item you’re using.
You’ll find the codes and item explanations in Appendix A
of Form OR-41.
If you have more items than will fit on a single schedule,
provide the codes and amounts on additional schedules
and add the total to your tax return. Include all the sched-
ules with your tax return.
If youre claiming multiple items (Other additions, Other
subtractions, or credits) with the same code, report the items
together. Enter the code only once and add the claimed
amounts together.
Round all cents to the nearest dollar. For example, $99.49
becomes $99.00, and $99.50 becomes $100.00.
Section 1: Other additions
Other additions are the amount by which any item of gross
income is greater under Oregon law than under federal law,
or the amount by which any allowable deduction is less
under Oregon law than under federal law.
Step 1: Complete the table in Section 1 with the code and
amount reported for each Other addition that
isn’t already included on Form OR-41. Each code
should be listed only once.
Step 2: Fill in the total of all Other additions. Enter this
amount on Form OR-41, Schedule 2, line 17.
Section 2: Other subtractions
Other subtractions are the amount by which any item of
gross income is less under Oregon law than under federal
law, or the amount by which any allowable deduction is
greater under Oregon law than under federal law.
Step 1: Complete the table in Section 2 with the code and
amount reported for each Other subtraction that
isn’t already included on Form OR-41. Each code
should be listed only once.
Step 2: Fill in the total of all Other subtractions. Enter this
amount on Form OR-41, Schedule 2, line 11.
Section 3: Standard credits
Standard credits are nonrefundable credits that can only be
claimed on the current year’s tax return. Credit amounts
awarded and not used in the current tax year will be lost.
If you have both standard credits and carryforward cred-
its, standard credits should be used first. Standard credit
codes are listed in the instructions for Form OR-41.
Step 1: Complete the table in Section 3 with credits
youre claiming. Fill in the code and the amount
being claimed for each standard credit. Each code
should only be listed once (unless youre claim-
ing code 802 for credit for taxes paid to another
state, for multiple states. These can be listed on
separate lines).
Step 2: If youre claiming a credit for income taxes paid
to another state on income that was also taxed by
Oregon, use code 802 and enter that states abbre-
viation in the corresponding box. If you arent
claiming this credit, leave this box blank.
Step 3: Fill in the total of all standard credits. Enter this
amount on Form OR-41, line 11.
Section 4: Carryforward credits
Carryforward credits are nonrefundable credits for which
any unused portion in the current tax year may be carried
forward to the following tax year. The number of years
that a credit can be carried forward varies according to the
carryforward rules of the credit. For detailed information
regarding carryforward credits, refer to Publication OR-17.
Step 1: Complete the table in Section 4 with credits youre
claiming. Fill in the code being claimed for each
carryforward credit. Fill in the carryforward
codes in the order you would like to claim the
credits (usually this will be by listing the credits
with earlier expirations first).
If you received the same type of credit in back to
back years, or more than once in the same year,
dont list the same code twice within the table.
Instead, report these credits on the same line. Each
code should only be listed once (see Example 2).
List credits that are available to you even if you
aren’t able to use them this year (see Example 1).
Step 2: Fill in the total amount of the credit that couldn’t
be claimed in 2017 that was carried forward to
the current year (2018). Enter this amount into
the “Amount from prior year” column, if any (see
Example 3).
Step 3: Fill in the credit amount you earned in 2018, and
enter it in the “Amount awarded this year” col-
umn, if any. Enter this amount even if it’s more
than the amount that can be claimed this year.
If the total awarded amount of your credit can
be claimed in one year, list the entire amount
awarded in the “Amount awarded this year” col-
umn (see Example 1).
3
150-101-067 (Rev. 10-18)
If the total awarded amount of your credit must
be claimed over multiple years, list only the por-
tion that is allowed to be claimed in tax year 2018
(see Example 4).
Step 4: Fill in the credit amount youre using this year.
The “Total used this year” box can’t be more than
the combined total of the “Amount from prior
year” and the “Amount awarded this year” boxes.
This amount also can’t be more than any credit
limitation for that credit. Any excess credit not
claimed in 2018 may be carried forward to the fol-
lowing tax year, if it doesn’t expire according to
the carryforward rules of the credit.
Step 5: Fill in the total of all carryforward credits being
used. Enter this number on Form OR-41, line 13.
The total of all carryforward credits can’t be more
than your tax minus standard credits. If your car-
ryforward credits are more than the tax minus
standard credits, you must reduce how much
youre using on one or more of your carryforward
credits. If you have more than one carryforward
credit, consider using the maximum allowed on
credits with earlier expirations first (see Example 1).
Example 1. Taxpayer files an OR-41 for 2018. During the
year, Taxpayer receives a $6,000 credit for contributing to the
University Venture Development Fund in 2018. The Taxpay-
er’s net tax before any credits is $0.00. Here’s how Taxpayer
would complete the table:
Code Amount from
prior year
Amount awarded
this year
Total used this
year
864 -0- $6,000 -0-
Example 2. Taxpayer files an OR-41 for 2018. During the
year, Taxpayer received two $6,000 credits for contributing
to the University Venture Development Fund in 2018. The
Taxpayer’s net tax before any credits is $40,000. Here’s how
Taxpayer would complete the table:
Code Amount from
prior year
Amount awarded
this year
Total used this
year
864 -0- $12,000 $12,000
Example 3. Same as Example 2 except Taxpayer also had
a $6,000 credit for contributing to the University Venture
Development Fund in 2017 that they were unable to use
because their 2017 net tax was $0.00. Here’s how Taxpayer
will complete the table, reporting the 2017 and 2018 credits
on the same line:
Code Amount from
prior year
Amount awarded
this year
Total used this
year
864 $6,000 $12,000 $18,000
Example 4. Taxpayer files an OR-41 for 2018. Taxpayer was
awarded a credit for Oregon low-income community jobs
initiative/new markets in 2015. The total credit awarded was
$39,000. The provisions of the credit require the amount to be
used each year are as follows:
2015 & 2016 = $-0-; 2017 = $7,000; 2018 through 2021 =
$8,000 each
Taxpayer’s net tax is $98,765. Here’s how Taxpayer will com-
plete the table for 2018:
Code Amount from
prior year
Amount awarded
this year
Total used this
year
855 -0- $8,000 $8,000
Section 5: Refundable credits
Refundable credits can only be claimed on your current
year’s tax return; however, any amount that’s more than
your tax will be refunded to you.
Step 1: Complete the table in Section 5 with credits youre
claiming. Fill in the code and amount being
claimed.
Step 2: Fill in the total of all Refundable credits. Enter this
amount on your Form OR-41, line 19.