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Oregon Free Printable 2019 Worksheet OR-FCG, Farm Liquidation Long-Term Capital Gain Tax Rate, 150-101-167 for 2020 Oregon Farm Liquidation Long-Term Capital Gain Tax Rate

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Farm Liquidation Long-Term Capital Gain Tax Rate
2019 Worksheet OR-FCG, Farm Liquidation Long-Term Capital Gain Tax Rate, 150-101-167

Clear Form 2019 Worksheet OR-FCG Page 1 of 1, 150-101-167 (Rev. 08-14-19, ver. 01) Oregon Department of Revenue Office use only 01511901010000 Farm Liquidation Long-Term Capital Gain Tax (ORS 316.045) You may qualify for the farm capital gain reduced tax rate if you sold or exchanged capital assets used in farming activities. The sale or exchange must end all of your ownership interests in a farming business, or stop all of your ownership interests in property that is used in a farming business. If you have a net loss from the sale or exchange from all types of assets during the year, you won’t qualify for the farm liquidation reduced rate on the sale of farm assets. Farming activities include: • Raising, harvesting, and selling crops. • Feeding, breeding, managing, or selling livestock, poultry, fur-bearing animals, honeybees, or the produce thereof. • Dairying and selling dairy products. • Stabling or training equines, including providing riding lessons, training clinics, and schooling shows. • Breeding, growing, maintaining, or harvesting aquatic species, birds, and other animal species. • Growing and harvesting cultured Christmas trees or certain hardwood timber. • On-site constructing and maintaining equipment and facilities used in farming activities. • Preparing, storing, or disposing of products or by-products raised for human or animal use on land employed in farming activities. • Any other agricultural or horticultural activity, animal husbandry, or any combination of these three. Farming activities don’t include growing and harvesting trees of a marketable species other than growing and harvesting cultured Christmas trees or certain hardwood timber. You may not claim the farm capital gain reduced tax rate on a sale or exchange to a relative, as defined under Internal Revenue Code Section 267. A farm dwelling or farm home site isn’t considered to be property used in the trade or business of farming. Partnerships or S corporations owners. The sale of ownership interests in a farming corporation, partnership, or other entity qualify for the farm capital gain reduced tax rate. The taxpayer must have had at least a 10 percent ownership interest in the entity before the sale or exchange. Worksheet OR-FCG, Farm Capital Gain Complete the worksheet below to determine the tax on your net long-term capital gain (NLTCG) from farm assets. 1. Enter your NLTCG from farm assets.......................................................................................... 1. 2. Enter the gain included in Oregon income or from the Oregon column of Form OR-40-N or Form OR-40-P, line 13S............................................................................... 2. 3. Enter the smaller of line 1 or 2................................................................................................... 3. 4. Oregon taxable income from Form OR-40, line 19; Form OR-40-N, line 45; or Form OR-40-P, line 43........................................................................................................................ 4. 5. Modified taxable income. Line 4 minus line 3. If line 3 is more than line 4, enter -0-............... 5. 6. Oregon tax on the amount on line 5.......................................................................................... 6. 7. Enter the smaller of line 3 or 4 above........................................................................................ 7. 8. Multiply line 7 by 5 percent (0.05).............................................................................................. 8. 9. Add lines 6 and 8. This is your Oregon tax. Enter the result here and on your Oregon return Form OR-40, line 20; Form OR-40-N, line 46; or Form OR-40-P, line 44. Check the box on your Oregon return labeled “Worksheet OR-FCG”..................................... 9. –Don’t include this form with your return. Keep it with your tax records.– .00 .00 .00 .00 .00 .00 .00 .00 .00
Extracted from PDF file 2019-oregon-worksheet-fcg.pdf, last modified October 2017

More about the Oregon Worksheet FCG Other TY 2019

We last updated the Farm Liquidation Long-Term Capital Gain Tax Rate in March 2020, so this is the latest version of Worksheet FCG, fully updated for tax year 2019. You can download or print current or past-year PDFs of Worksheet FCG directly from TaxFormFinder. You can print other Oregon tax forms here.

Other Oregon Other Forms:

TaxFormFinder has an additional 50 Oregon income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Schedule OR-ASC-N/P Oregon Adjustments for Form 40N and Form 40P Filers
Form OR-19 Pass-Through Entity Owner Payments
Form OC Oregon Composite Return
Form 150-310-083 Application for Proration of Property Taxes Due to Damage by Fire or Act of God
Form OR-18 Tax Payments on Real Property Conveyances

Download all OR tax forms View all 51 Oregon Income Tax Forms


Form Sources:

Oregon usually releases forms for the current tax year between January and April. We last updated Oregon Worksheet FCG from the Department of Revenue in March 2020.

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Historical Past-Year Versions of Oregon Worksheet FCG

We have a total of five past-year versions of Worksheet FCG in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Worksheet FCG

2019 Worksheet OR-FCG, Farm Liquidation Long-Term Capital Gain Tax Rate, 150-101-167

2018 Worksheet FCG

2018 Schedule OR-FCG-20, Farm Liquidation Long-Term Capital Gain Tax Adjustment, 150-102-167

2016 Worksheet FCG

Worksheet OR-FCG, Farm Liquidation Long-Term Capital Gain Tax Rate, 150-101-167

2015 Worksheet FCG

Worksheet FCG, Farm Liquidation Long-Term Capital Gain Tax Rate, 150-101-167

Farm Liquidation Long-Term Capital Gain Tax Rate 2014 Worksheet FCG

Worksheet FCG


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