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Screen ORAdj - Oregon Income, and Adjustments (1040)

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Adjustments to Income

Military wages (Force)
UltraTax CS automatically calculates the exclusion for military wages. Active duty pay must be included in federal income to be eligible for subtraction. Included in this exclusion is all active duty pay earned outside of Oregon during the year plus up to $6,000 active duty pay earned in Oregon. Reserve summer camp is active duty. However, drills and weekend meetings of reserve units are not active duty. Amounts entered in box 16 on federal W2 Screen with a
State use
 code of
4
 are subtracted from Oregon income. Use these fields to indicate an amount different from the calculated amount.
Number of months of federal service before 10/01/1991 / Total number of months of federal service
UltraTax CS calculates the amount of federal pension to be subtracted from income using pension amounts with a postal code of
OR
 and a state use code of
60
 entered on federal 1099R Screen. If these fields are blank, 100 percent of the taxable pension income is subtracted. Enter the
Number of months of federal service before 10/1/91
 and the
Total number of months of federal service
 to have UltraTax CS prorate the subtraction for the number of months of service prior to 10/1/91. If all of the service was after 10/1/91, do not use state use code
60
 on federal 1099R Screen .
Non-taxable federal pension received while a resident (Force)
Use these fields to indicate an amount different from the amount calculated. This amount is not multiplied by the percentage.
Non-taxable federal pension received while a nonresident
Enter the amount of any federal pension earned during the nonresident part of the year that are not entered on federal 1099R Screen with a postal code of
OR
 and state use code of
60
. This amount is added to the amount that has a state use code of
60
 on federal 1099R Screen, if any, to calculate the subtraction amount for the federal column of Form 40P or Form 40N.
Taxable state lottery winnings
UltraTax CS calculates the subtraction for Oregon lottery from entries in the statement dialog for the
Other Income
 field on federal Screen Income with a state use code of
2
 and entries on federal W2G Screen with a State use code of
2
. If any of these amounts are from lottery winnings of more than $600 per ticket, enter the amount of taxable lottery winnings in this field.
Excess lottery gambling losses (Force)
UltraTax CS calculates the amount of excess lottery losses to add back to the Oregon return based on the amount of lottery winnings that are subtracted on the Oregon return and the amount of losses claimed on the federal Schedule A. Use this field to indicate an amount different from the calculated amount. For nonresidents and part-year residents enter other additions and other subtraction in the Nonresident Information section. Some other additions and subtractions for residents become other deductions and modifications and have a different series of code numbers required by the state.
Federal tax from a prior year
Enter the amount due on an amended federal return from prior year or from a federal audit that resulted in a balance due. The amount entered in this field is subject to the current year limitations for federal tax liability subtraction.
Other additions
Enter other additions to income that should be included on the Oregon return in the statement dialog.
The following items will be added back automatically based on federal data entry:
  • Gambling losses claimed as itemized deduction when lottery winning are excluded using state use code
    2
     on the
    Other income
     statement dialog for income with a federal code
    2
     for lottery or W2G with a state use code
    2
  • Lump sum distributions
  • Charitable contributions using state use codes
    10
    ,
    11
    ,
    14
    ,
    15
    ,
    16, 19
  • Depreciation differences when Oregon depreciation is less than federal depreciation
  • Gain from a sale of an asset when Oregon has a different basis from the federal basis
  • Passive activity loss differences
  • Municipal interest coded to a state other than
    OR
note
The state requires that all
Other additions
,
Other subtractions
, and
Other deductions and modifications
 are reported on Schedule OR-ASC which has fields for just a code and amount. A not required statement does print with the return that list each code with a description and the amount. This list includes both the items that are selected from the
Other additions
 statement dialog and those that calculate automatically based on federal data entry.
Other subtractions
Enter other subtractions from income in the statement dialog.
The following items will be subtracted automatically based on federal data entry.
  • American Indian income entered on W2 Screen with a state use code
    2
     or entered on federal Income Screen or federal 1099M Screen with state use code
    21
  • US obligations entered on federal B&D, or K1 1065, 1120S, K1-1041 Screens in the
    Interest
     and
    Dividend
     statement dialogs, or on K1-St Screen
  • Military pay on W2 Screen with state use code
    4
     for active Military pay
  • National Guard pay on W2 Screen with state use code
    12
  • Qualified Lottery winnings entered with a state use code
    2
     on federal Income Screen
    Other income
     statement dialog or on federal W2G Screen
  • Oregon 529 College Saving Plan Deposit entered on federal 1099Q Screen with state use code
    24
  • Oregon state income tax refunds entered on federal Refunds Screen
  • Discharge of indebtedness entered on federal CODI Screen
  • All medical expenses from federal Schedule A, business activity data entry, and ACA screens are included in the calculation of the Oregon Special Medical Subtraction Worksheet
  • DISC dividend payments entered in any dividend statement dialog with state use code
    11
  • Depreciation difference subtraction calculates from data entered in the asset module
  • The loss from a sale of assets with a different Oregon basis automatically calculates from data entered in the asset module
  • Federal pension enter on 1099-R Screen with state use code
    60
note
The state requires that all
Other additions
,
Other subtractions
, and
Other deductions and modifications
 are reported on Schedule OR-ASC including only a code and an amount. A non-required statement prints with the return listing each code with a description and the amount. This list includes both the items that are selected from the
Other subtraction
 statement dialog and those that automatically calculate based on federal data entry.
Interest on certain installment sales
Enter adjustment for interest on installment sales that required payment of interest on the deferred tax liability for federal purposes.

Passive Activity Loss

UltraTax CS 1040-OR uses data entered at the federal level to calculate the allowed Oregon passive activity loss and then compares the federal allowed loss with the Oregon allowed loss to compute the adjustment on the Oregon return. Residents use this field to enter an adjustment that is different from the calculated adjustment.

Special Medical Deduction

Medical expenses of taxpayer age 65 or older
Amounts entered at the federal level for medical expenses will transfer to these fields if the taxpayer or spouse is age 65 or older based on the T/S/J code entered. Amounts can be adjusted, if needed, for expenses paid for a dependent.

Nonresident and Part-year Adjustments

Educational adjustments (Force)
UltraTax CS uses the amounts for student loan, educator expenses, and tuition and fees adjustment entered in federal Educate Screen or OtherAdj Screen with a postal code of
OR
. Use this field to indicate an amount different from the calculated amount.
Alimony paid (Force)
UltraTax CS uses the amount of alimony paid entered in federal OtherAdj Screen with a postal code of
OR
. Use this field to indicate an amount different from the calculated amount.
Federal election - interest and dividends received while child was resident of Oregon
If the federal election includes a child's interest or dividend income on the federal return, list the amount the child received while a resident of Oregon.
Other deductions and modifications
Enter the amount of other deductions and modifications, subject to the percentage limitation. This amount is multiplied by the Oregon percentage. All amounts may be entered as a positive amount. Amounts required to be included on Schedule ASC-NP as a negative are displayed as a negative whether entered as a positive or negative amount.
note
The state requires that all
Other additions
,
Other subtractions
, and
Other deductions and modifications
 fields have a code and amount. The description does not go in the bar code or electronic file record, and the state will not process returns without codes.
Charitable art donation
Nonresidents enter the value of donations of art by artists. Part-year residents enter this amount in the
Other deductions and modifications
 statement dialog using code 600.

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