Fillable Form 19402001010000: 2020 Form OR-18-WC Report of Tax (Oregon)

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Form 19402001010000: 2020 Form OR-18-WC Report of Tax (Oregon)

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Oregon Department of Revenue
2020 Form OR-18-WC
Report of Tax Payment or Written Affirmation for
Oregon Real Property Conveyance
Submit original form—do not submit photocopy
Page 1 of 2, 150-101-284
(Rev. 08-23-19, ver. 01)
19402001010000
Part C—Exemption (transferor)
To be completed by transferors who have an exempt transfer, (all others, skip this section and go on to Part D). By signing this form, I
(we) hereby affirm that I am (we are) the transferor(s) of the property described in Part A, and that as of the date of closing, I (we) have
knowledge, or have received advice from a tax professional, that there is no tax likely to be due under Oregon Revised Statutes (ORS)
Chapters 118, 316, 317, or 318. Check the appropriate box and sign the form. Don’t complete parts D through F.
Type of property conveyed (check all that apply)
Specially assessed Undeveloped land Acquired as gift
Personal residence with taxable gain
Rental property
Farm use
Other:
Social Security number (SSN)
Office use only
Type of authorized agent:
First name of authorized agent
Agent’s FEIN
City
State
Agent’s daytime phone
ZIP code
Escrow agent Attorney Other:
Agent’s address
Transferor is
(check one):
Nonresident individual (filing Form OR-40-N or OR-40-P)
C corporation not doing business in Oregon (filing Form
OR-20 or OR-20-INC)
If the transferor is a grantor trust or LLC solely owned by a C corporation not doing business in Oregon, or a nonresident individual,
check the appropriate box. Complete this form using the owner’s information, not the information of the grantor trust or single member
LLC, because those entities are disregarded for tax purposes.
Use this form only if the transferor is an individual who would report gain on Form OR-40-N or OR-40-P, or a nonresident C corporation
that would report income on Form OR-20 or OR-20-INC. Other types of transferors are not subject to these requirements.
Spouse’s first name (if individual filing)
Spouse’s SSN
Federal employer identification number (FEIN) of C corporation
Transferor’s daytime phone
C corporation’s legal name (if a corporation)
Transferor’s address
City
City
State
State
ZIP code
ZIP code
Transferor’s tax year end date (mm/dd/yyyy)
Address of property conveyed
Percentage of ownership interest in
property
%
Date acquired (mm/dd/yyyy)
Date sold (mm/dd/yyyy)
Transferor’s entire gain is exempt under IRC Section 121 for personal
residence sale.
Transferor is acting under judicial review.
Transfer is in lieu of foreclosure for no additional monetary consideration.
Transferor is a resident of Arizona, California, Indiana, or Virginia; and expects
zero Oregon tax because of credit for taxes paid to their home state.
Consideration (total sales price) is $100,000 or less.
Sale is under foreclosure, forfeiture, or writ of execution.
Part A—Transferor’s information
Part B—Authorized agent’s information
Last name
First name (if individual filing) Initial
Initial
Spouse’s last name
Initial
Last name
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Oregon Department of Revenue
2020 Form OR-18-WC
Page 2 of 2, 150-101-284
(Rev. 08-23-19, ver. 01)
19402001020000
Part E—Calculation of tax payment (authorized agent)
Complete if there is taxable gain on line 12, and no exemption in Part C.
13. Multiply line 9 by 4% .............................................................................................................. 13.
14. Enter the net proceeds “cash to seller” .................................................................................. 14.
15. Multiply line 12 by 8% ............................................................................................................ 15.
16. Tax payment. Enter the smallest from lines 13, 14, or 15 ...................................................... 16.
1. Purchase price of property ........................................................................................................... 1.
2. Capital improvements .................................................................................................................. 2.
3. Costs directly related to the purchase of the property ................................................................ 3.
4. Add lines 1 through 3 ................................................................................................................... 4.
5. Allowable depreciation ................................................................................................................. 5.
6. Adjusted basis. Line 4 minus line 5 .............................................................................................. 6.
7. Selling costs directly related to conveyance not included above ................................................ 7.
8. Line 6 plus line 7 .......................................................................................................................... 8.
Part F—Payment information (authorized agent)
Date paid for 2020 tax year
Mo Day Year
Payment amount from line 16 $
Transferor(s) sign here. Under penalty of false swearing, I (we) declare that the information on this form is true, correct, and
complete. If the amount on line 16 is -0-, no tax payment is being made. Corporate officers, fiduciaries, or other qualified persons
signing on behalf of the taxpayer(s): By signing, I also certify that I have the authority to execute this form.
Transferor’s signature
Spouse’s signature (if applicable)
X
X
Date
Date
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Authorized agent provides a copy of this form to the transferor and also keeps a copy for six years from the date signed.
Authorized agent: Mail original form within 30 days of closing, or within 20 days from disbursal if making a payment.
Write “Form OR-18-WC” and the last four digits of the transferor’s SSN or FEIN on the check. Include the payment with
Form OR-18-WC and send to:
Part D—Calculation of gain (transferor)
To be completed by transferor if no exemption is checked in Part C. Enter the amounts you are using to determine your adjusted basis
of this property. Federal and Oregon are generally the same. If you have additional increases or decreases to basis, attach a separate
sheet with your calculations.
9. Consideration. Amount of seller’s share of sales price .............................................................. 9.
10. Gain on sale. Line 9 minus line 8 ............................................................................................... 10.
11. Excludable gain from nonrecognition section under federal law.
Enter IRC section ____________________ .................................................................................. 11.
12. Taxable gain. Line 10 minus line 11. If zero or less, enter -0- ................................................... 12.
Complete if there is a tax payment on line 16.
• Individuals: Claim as tax payments from real estate transactions on your Oregon Form OR-40-N or Form OR-40-P.
• C corporations: Claim as payments from real estate income on your Oregon Form OR-20 or Form OR-20-INC.
Oregon Department of Revenue
PO Box 14555
Salem OR 97309-0940
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150-101-186 (Rev. 09-10-19, ver. 02)
Begins:
Ends:
•
Tax year:
SSN
FEIN
C corporation legal name
Filer address
City State Contact phoneZIP code
Enter payment amount
$
Online payments:
Taxpayers submitting their own payment may make payments at www.oregon.gov/dor. Don’t use Form OR-18-WC-V
with online payments.
Payments with Form OR-18-WC:
Authorized agents and taxpayers can mail a check, money order, or cashier’s check with Form OR-18-WC and Form
OR-18-WC-V to:
Oregon Department of Revenue
PO Box 14555
Salem OR 97309-0940
Write “2020 Form OR-18-WC-V” and the last four digits of the transferor’s SSN or FEIN on the check.
Form OR-18-WC-V instructions
Authorized agent: Use this voucher only if there is a tax payment required on Part E, line 16, of Form OR-18-WC.
Tax year. Enter the month, day, and year for the beginning and end date of the tax year you are submitting the payment
for. For most filers this will be January 1 through December 31 of the tax year. Example: For tax year 2020, enter:
Begins: 01/01/2020. Ends: 12/31/2020.
Taxpayer information. Completely fill out the transferor’s information on the form. This payment can’t be processed
without the transferor’s information.
Note: If you are viewing this form electronically and you see a solid box instead of letters or numbers, adjust the view size
to 100 percent and press the tab key to move through the fields.
Oregon Department of Revenue
Form OR-18-WC-V
Nonresident Real Property Conveyance Payment Voucher
Page 1 of 1, 150-101-186
(Rev. 09-10-19, ver. 02)
Form OR-18-WC-V, Nonresident Real Property Conveyance Payment Voucher
Office use only
•
Cut on dashed line below to detach voucher. Visit www.oregon.gov/dor/forms to print more vouchers.
First name Last nameInitial
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1
150-101-284 (Rev. 08-23-19)
2020 Form OR-18-WC Instructions
Form OR-18-WC Instructions
Report of Tax Payment or Written Affirmation for
Oregon Real Property Conveyance
2020
Introduction
Real estate tax payments at a glance
Those who sell Oregon real property are subject to Oregon
tax on the gain from the sale. When the seller is a non-
resident, escrow agents and attorneys acting as authorized
agents may be required to withhold and remit tax payments
to the Oregon Department of Revenue as an estimated pay-
ment for any taxes that may be due. Taxpayers will claim
these tax payments as estimated tax payments on their
Oregon tax returns filed for the year in which the sale was
made. These instructions and forms are designed to inform
authorized agents and taxpayers of their requirements.
There are exceptions as indicated in these instructions.
Definitions
The following terms are used in these instructions:
Authorized agent is an escrow agent licensed under Oregon
Revised Statutes (ORS) 696.505 to 696.590. An attorney is
an authorized agent if there is no licensed escrow agent in-
volved and the attorney deposits the proceeds of the sale into
a client trust account and disburses funds to the transferor.
FEIN is the federal employer identification number a business
is assigned for federal tax purposes.
Nonexempt transferor is a transferor that is a nonresident of
Oregon, including grantor trusts and single-member LLCs
owned by an individual or C corporation, or a nonresident
C corporation that isn’t registered to do business in Oregon
or is otherwise qualified to do business in Oregon on the
closing date of the conveyance.
Pass-through entity is an entity through which income and
expenses flow to the owners of the entity, such as a part-
nership, S corporation, limited liability company (LLC),
limited liability partnership (LLP), certain trusts, or estates.
See “Determining nonexempt status” for LLCs and grantor
trusts that are disregarded entities.
Transferee is a person who acquires ownership of real prop-
erty located in Oregon.
Transferor is a property owner who transfers, sells, deeds, or
otherwise conveys their ownership interest in real property
to another person or entity.
Exemptions
Exempt transferors
Authorized agents aren’t required to submit tax payments
if the transferor is an exempt transferor. The following are
examples of exempt transferors:
• An individual who is a resident of Oregon (see “Determin-
ing residency status”);
• A C corporation registered to do business in Oregon;
• A personal representative, executor, conservator, bank-
ruptcy trustee, or other person acting under judicial
review;
• A pass-through entity reporting income on Form OR-20-S,
OR-65, or OR-706, (see exceptions under “Determining
nonexempt status”); or
• A governmental instrumentality (such as city, county,
state, or federal agencies).
Authorized agents: Don’t use this form for exempt transfer-
ors. Keep information showing that the seller is an exempt
transferor.
Transferors: The authorized agent may require proof or
have you sign a document certifying that you are an exempt
transferor. Don’t submit this document to us, but keep it
with your records.
Exempt transfers
Authorized agents aren’t required to submit tax payments if:
• The consideration (total sales price) for the real property
is $100,000 or less;
• The transferor delivers a written assurance to the autho-
rized agent, as provided in Treasury Regulation 1.6045-4
that the sale or exchange qualifies for exclusion of the
entire gain as the seller’s principal residence under IRC
Section 121;
• The conveyance is pursuant to a judicial foreclosure
proceeding, a writ of execution, a nonjudicial foreclosure
of a trust deed, or a nonjudicial forfeiture of a land sale
contract; or
• The conveyance is occurring instead of foreclosure of
a mortgage, trust deed sales contract, or other security
instrument, or a land sale contract with no additional
monetary consideration.
Principal residence exemption. If the nonexempt transferor
is selling a personal residence located in Oregon and the
entire gain qualifies for exclusion under federal law, the
transferor must provide the authorized agent with:
• A written assurance that all of the gain qualifies for exclu-
sion under IRC Section 121; or
• A signed Form OR-18-WC with Parts A through C com-
pleted.
The authorized agent will send us a copy of the written as-
surance or Form OR-18-WC.
If the nonexempt transferor is selling a personal residence and
the entire gain isn’t excludable from federal tax, the transferor
and authorized agent must complete Form OR-18-WC. Situ-
2
150-101-284 (Rev. 08-23-19)
2020 Form OR-18-WC Instructions
ations where the entire gain isn’t excludable include if the
transferor claimed business use of home deductions in the
past, or the gain exceeds the federal exclusion amount.
Authorized agents: If the transferor is selling their personal
residence and has provided you with a written assurance
that the entire gain qualifies for exclusion under IRC Section
121, don’t use this form.
Determining residency status
Tax payments are required when nonresidents sell Oregon
real property, unless the transfer is exempt. If it’s uncertain
whether transferors are Oregon residents, use the criteria
below to help make that determination or have them provide
a signed statement indicating their residency status.
Oregon resident
A transferor is a full-year resident of Oregon (even if living
outside of Oregon) if all of the following are true:
• The transferor thinks of Oregon as his or her permanent
home;
• Oregon is the center of the transferor’s financial, social,
and family life; and
• Oregon is the place the transferor intends to return to
when away.
The transferor is still an Oregon resident if he or she moves
out of Oregon temporarily or moved back to Oregon after a
temporary absence.
Oregon nonresident
A transferor is a nonresident of Oregon if they maintain
their permanent home outside of Oregon all year. Oregon
residents may be deemed nonresidents if they:
• Maintained a permanent home outside of Oregon the
entire year; and
• Didn’t keep a home in Oregon during any part of the
year; and
• Spent less than 31 days in Oregon during the year.
Oregon part-year resident
A transferor who moved into or out of Oregon during the
calendar year is a part-year Oregon resident. The individual
is a resident of Oregon for part of the year and a nonresident
of Oregon for part of the year. A part-year resident may only
claim exemption from this requirement if the conveyance
occurs and the proceeds are disbursed during the part of the
year that the transferor is a resident of Oregon or another
exemption applies.
Example 1: Anne moved from Oregon to California on
March 31, 2020. She sold her Oregon property on July 28,
2020. Even though Anne was a resident of Oregon for the
first three months of the year, she wasn’t a resident at the
time of the conveyance so she may not claim exemption as a
resident of Oregon and must complete Form OR-18-WC. If it
was Anne’s principal residence for 5 years before she moved
and her gain is $250,000 or less, she qualifies under federal
law to exclude the gain from tax. She will claim the appro-
priate exemption in Part C when she completes the form.
Determining nonexempt status
Disregarded entities
If a transferor is an LLC or a grantor trust, special rules apply
for tax purposes. Generally, these entities are disregarded for
tax purposes. To determine if the entity is disregarded for
tax purposes, use these guidelines.
LLCs. Authorized agents should disregard an LLC owned
entirely by an individual, spouses, or a C corporation. They
should base payment requirements on the owner instead of
the LLC. If an LLC is owned by one individual or spouses
filing a joint return, treat the member(s) as individuals and
follow the related instructions. If the LLC is solely owned
by a C corporation, treat it as a C corporation and follow
the related instructions. If the seller is a single member LLC
owned by an exempt transferor, such as an LLC with mul-
tiple owners or an S corporation, then the authorized agent
won’t send in payments because the pass-through entity is
required to do so using Form OR-19.
Grantor trusts. A grantor trust isn’t recognized for tax
purposes because the grantor retains substantial control. A
grantor trust is sometimes referred to as a “revocable trust”
or a “living trust.” As long as the grantor is living, treat the
trust as an individual and follow the related instructions.
Fill out the form and submit any payments in the name of
the individual.
If the grantor is deceased, the trust is irrevocable. This form
and tax payments aren’t required for an irrevocable trust.
Form OR-18-WC
General
This form is required for all nonexempt transferors who have
not provided written assurance that the entire gain is exclud-
able from federal tax under IRC Section 121. Transferors (and
their authorized agents) may use this form to show that this
sale is exempt by completing Parts A through C and signing
the form. Form OR-18-WC is retained in the records of the
authorized agent for six years from the date the transaction
closed. The authorized agent also sends the original Form
OR-18-WC and any required attachments to the depart-
ment. The transferor should keep a copy of the completed
Form OR-18-WC.
When the property is owned by more than one
transferor
Each transferor is considered separately. If one transferor is
exempt, tax payments are only required on the portion of
the conveyance attributable to the nonexempt transferor(s).
3
150-101-284 (Rev. 08-23-19)
2020 Form OR-18-WC Instructions
If two transferors are married and intend to file a joint
Oregon tax return for the year of the transaction, complete
one Form OR-18-WC. Otherwise, complete a Form OR-18-
WC for each transferor.
Instructions
The transferor and authorized agent need to complete Parts
A and B. The transferor then completes Part C or Part D and
signs the form. The authorized agent then completes Parts
E and F, as needed.
Use the following guidelines to determine which box to
check in the “Type of property conveyed” in Part A:
Specially assessed is property that has received a special
property tax assessment such as a reduced valuation or
deferral.
Undeveloped land is a parcel of land that is vacant and
hasn’t been improved for accessibility to utilities nor has any
structures located upon it.
Acquired as gift is property that the seller didn’t purchase.
It could be property that was inherited or simply gifted to
the seller.
Farm use is land that is employed in the trade or business
of farming for a profit. The land may be zoned for exclusive
farm use (EFU) but isn’t required to be.
Rental property is any real property (commercial, industrial,
or residential) that is a rental building or structure (including
mobile homes) for which rental income is received.
Personal residence with taxable gain is property that was
used as a personal residence and part of the gain was not
excludable under IRC Section 121. See “Exemptions” for
more information.
Other is for property that needs additional explanation or
doesn’t fit elsewhere, such as commercial property or a per-
sonal residence without taxable gain.
Part C: Exemption
If a transferor reasonably determines that the gain from the
sale is unlikely to be subject to Oregon tax, the transferor
may claim an exemption by checking the appropriate box
in Part C. In making the determination, the transferor may
not consider other losses or deductions that may be claimed
when the tax return is filed. To claim an exemption, the
transferor completes Part A, selects the reason for the exemp-
tion in Part C, and signs the form. The authorized agent will
complete Part B, provide a copy of the form to the transferor,
keep a copy for their records, and send the form to us.
Note: If you can exclude all of the gain under Internal Rev-
enue Code (IRC) section 121 for selling your home, use Part
C. Don’t use Part C if you’re able to exclude gain from taxa-
tion under a different federal law, or if you can only exclude
part of your gain under IRC section 121. In those situations,
complete Part D and show the applicable IRC and excluded
gain on line 11.
Example 2: A California resident (nonexempt transferor)
sells Oregon property and reasonably expects to be eligible
to claim the credit for taxes paid to another state on the
Oregon nonresident return based on the amount of gain that
California will also tax. The California resident completes
Part A, checks the appropriate box in Part C, and signs the
form.
Part D: Calculation of gain
The transferor completes Part D to show the calculation of
taxable gain and signs the form.
Provide this to the authorized agent handling the transaction
in the time specified by the authorized agent (but no later
than the closing date). The authorized agent will use the tax-
able gain amount to determine the tax payment.
Unless you claim an exemption or are otherwise exempt
from this requirement, the authorized agent must withhold
a tax payment from the proceeds. They will submit a tax
payment that is the smallest of:
• Four percent of the consideration (sales price);
• The net proceeds disbursed to the transferor; or
• Eight percent of the gain that is includable in Oregon
taxable income.
If you don’t know your adjusted basis in the property or you
don’t complete Part D of this form in time, the authorized
agent will withhold the smaller of 4 percent of your consid-
eration or all of your net proceeds as a tax payment.
Calculating the taxable gain
Lines 1 through 6—Adjusted basis
Complete lines 1 through 6 to calculate the adjusted basis.
Attach a separate sheet with your calculations if you have
other increases or decreases to basis that are not included on
the form. Adjusted basis is generally considered the amount
originally paid for the property plus improvement costs and
minus depreciation. Use your federal adjusted basis unless
your Oregon adjusted basis is different from your federal
adjusted basis.
You may wish to consult a tax professional for assistance if
you’re unsure how to calculate your adjusted basis.
Line 7—Selling costs
Unless these are already included on line 6, enter the selling
costs directly related to the conveyance.
Line 9—Consideration
Your consideration for the conveyance is the amount given
to you in exchange for your interest in the real property and
is generally the sales price. Consideration includes cash,
the fair market value of any property you received in the
transaction, and any debt assumed by the buyer.
Line 11—Excludable gain
Enter the amount and applicable IRC(s) of the gain from line
10 that is excludable (in whole or in part) under federal law.
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150-101-284 (Rev. 08-23-19)
2020 Form OR-18-WC Instructions
If you use the installment method under IRC Section 453 to
report the gain associated with the conveyance, this reduces
the gain used to calculate the tax payment. Reduce the gain
for the year by the amount that is deferred. The authorized
agent is only required to submit a tax payment on the first
installment of an installment sale.
Example 3: Matt sold his rental triplex and he needs to de-
termine his adjusted basis. He purchased the property 15
years ago for $400,000 (line 1). He renovated the property
and spent an additional $200,000 (line 2). He will enter a
total of $600,000 on line 4. Matt has claimed straight-line
depreciation on the property over the last 15 years total-
ing $327,270 ($21,818 each year for 15 years). He will enter
$327,270 on line 5 and enter his adjusted basis of $272,730
($600,000 – $327,270) on line 6. He had ordinary selling costs
of $50,000 (line 7), so his adjusted basis plus selling costs on
line 8 are $322,730. Matt sold the property for $750,000 (line
9), and none of his gain is excludable. Matt’s gain includable
in taxable income (line 12) is $427,270 ($750,000 – $322,730).
Example 4: Sarah’s filing status is single. She sold her per-
sonal residence and needs to determine her adjusted basis
She purchased the property eight years ago for $225,000 (line
1). She has not made any capital improvements nor had any
allowable depreciation, so her adjusted basis is $225,000 (line
6). Sarah’s selling costs are $20,000 (line 7), and her adjusted
basis plus selling costs equal $245,000 (line 8). She sold the
property for $690,000 (line 9). Her gain on line 10 is $445,000
($690,000 – $245,000). Under IRC Section 121, Sarah may
exclude $250,000 of the gain from the sale of her personal
residence from taxation, so she enters ‘121’ and $250,000 on
line 11, so her taxable gain on line 12 is $195,000 ($445,000
– $250,000).
Example 5: Edward sold a large acreage and his gain on line
10 is $600,000. He and the transferee entered into a land-sale
contract where the transferee pays Edward over five years
with 40 percent paid in the first year and the remainder paid
evenly each subsequent year. For tax purposes, IRC Section
453 allows Edward to recognize only $240,000 ($600,000 x
40%) of the gain in the year of the conveyance, so he enters
‘453’ and $360,000 ($600,000 – $240,000) on line 11 so he can
subtract the deferred gain. The authorized agent will calcu-
late the tax payment only on $240,000 of the gain recognized
in the year of the sale (line 12).
Part E: Calculation of tax payment
If a transferor isn’t exempt from the tax payment require-
ments or doesn’t complete Part C indicating an exemption,
the authorized agent must withhold from the proceeds and
submit the smallest of:
• Four percent of the consideration (sales price);
• Eight percent of the gain that is includable in Oregon
taxable income; or
• The net proceeds disbursed to the transferor.
To determine the proper tax payment, the transferor must
complete Part D, “Calculation of gain,” and provide it to
the authorized agent handling the transaction in the time
specified by the authorized agent (but no later than the
closing date). If the transferor doesn’t provide this to the
authorized agent by the closing date, the authorized agent
must complete Parts A, B, and E of Form OR-18-WC and
remit 4 percent of the consideration for the conveyance, or,
if less, the entire net proceeds.
Calculating the tax payment
The authorized agent must complete Part E if a nonexempt
transferor is not claiming an exemption in Part C. Also com-
plete Part A if the transferor has not done so.
Line 13—Consideration percentage
The consideration for the conveyance is the amount given to
the transferor in exchange for the transferor’s interest in the
real property and is generally the sales price. Consideration
includes cash, assumed debt, and the fair market value of
any property given to the transferor.
Multiply the amount the transferor provided on line 9 by
4 percent (0.04). If the transferor has not completed Part D
(and is not exempt), determine the consideration and enter
4 percent of that amount here.
Line 14—Net proceeds to seller
Net proceeds is the amount from the conveyance that is to
be disbursed to the transferor. Generally, this is the amount
of “cash to seller” shown on the HUD-1 settlement sheet.
Example 6: Katie sold a small commercial building for
$500,000. She still owed $205,000 on it. Her selling expenses
from the property were $20,000 and included typical costs.
The amount on the HUD-1 settlement sheet on the “cash-
to-seller” line was $275,000. The escrow agent is scheduled
to disburse $275,000 from this conveyance. The authorized
agent will enter “net proceeds”of $275,000 on line 14.
Example 7: Same facts as Example 6, except that Katie en-
tered into a like-kind exchange to defer part of the gain. The
escrow agent forwarded $200,000 of the amount due to Katie
to a qualified intermediary. The escrow agent is scheduled
to disburse $75,000 to Katie, so this is the amount that will
be entered as the net proceeds on line 14.
Line 15—Taxable gain percentage
Multiply the amount the transferor provided on line 12 by
8 percent (0.08). If the transferor has not completed Part D
(and is not exempt), enter the amount from line 13.
Line 16—Tax payment
Compare lines 13, 14, and 15, then enter the smallest amount
here. This is the amount to retain and submit to us on behalf
of the transferor.
5
150-101-284 (Rev. 08-23-19)
2020 Form OR-18-WC Instructions
Information for authorized agents:
Part F and reporting tax payments
An authorized agent must obtain a completed Form OR-18-
WC from a nonexempt transferor by the closing date. Other-
wise, the authorized agent must complete Parts A, B, E, and
F of Form OR-18-WC, and submit a payment of 4 percent of
the sales price or, if less, all of the net proceeds.
If a nonexempt transferor completes a written assurance that
all of the gain qualifies for the principal residence exclusion
under IRC Section 121, Form OR-18-WC is not required.
The authorized agent must send either Form OR-18-WC or
the written assurance for all nonexempt transferors to the
department within 30 days from closing.
Part F and Form OR-18-WC-V
If line 16 shows a tax payment due, complete Part F. Pro-
vide a copy of Form OR-18-WC to the transferor. Submit
the payment to us with the signed and completed Form
OR-18-WC. As evidence of the tax paid on the transferor’s
behalf, keep a copy of the Form OR-18-WC in your records
for six years.
The transferor will claim this payment on their 2020 tax
return. Individuals will include it with their estimated pay-
ments on their Form OR-40-N or OR-40-P. C corporations
will include it as a withholding payment made on their
behalf on their Form OR-20 for the tax year that includes
the date of the sale.
Due date of Form OR-18-WC-V
You must remit the tax payment along with the OR-18-WC
form to the department within 20 days from the date the pro-
ceeds from the conveyance are disbursed to the transferor.
We will credit the payment to the appropriate tax year for
the transferor as of the date of the payment based on the
information provided on Form OR-18-WC.
Example 8: Hanna conveyed her real property on August
14, 2020. Hanna and the authorized agent complete Form
OR-18-WC. Then the authorized agent submits Form OR-18 -
WC with payment by September 3, 2020, or within 20 days
of disbursal of the proceeds from the sale. We will credit
Hanna’s tax account with the payment for 2020 as of the date
the payment is received.
Important addresses
Mail Form OR-18-WC with payment (if applicable) within
20 days from disbursal (or within 30 days from closing if
there is no disbursal) to:
Oregon Department of Revenue
PO Box 14555
Salem OR 97309-0940
Do you have questions or need help?
www.oregon.gov/dor
(503) 378-4988 or (800) 356-4222
questions.dor@ oregon.gov
Contact us for ADA accommodations or assistance in other
languages.
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Form 19402001010000: 2020 Form OR-18-WC Report of Tax (Oregon)

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Completed 11 August 2021

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