This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form 150-101-025 Schedule OR-DEPR for the current year.
This document contains official instructions for Form 150-101-025 Schedule OR-DEPR, Oregon Depreciation Schedule - a form released and collected by the Oregon Department of Revenue. An up-to-date fillable Form 150-101-025 Schedule OR-DEPR is available for download through this link.
Q: What is Form 150-101-025 Schedule OR-DEPR?
A: Form 150-101-025 Schedule OR-DEPR is the Oregon Depreciation Schedule.
Q: What is the purpose of Schedule OR-DEPR?
A: The purpose of Schedule OR-DEPR is to calculate and report depreciation for tax purposes.
Q: Who should file Schedule OR-DEPR?
A: Taxpayers who need to claim depreciation deductions on their Oregon tax return should file Schedule OR-DEPR.
Q: What information do I need to complete Schedule OR-DEPR?
A: You will need to have information on your property, such as its cost, acquisition date, and depreciation method.
Q: Are there any specific rules for calculating depreciation in Oregon?
A: Yes, Oregon has its own rules for calculating depreciation, which may differ from federal rules. Refer to the instructions provided with Schedule OR-DEPR for more information.
Q: When is the deadline to file Schedule OR-DEPR?
A: Schedule OR-DEPR must be filed along with your Oregon tax return by the due date, which is generally April 15th.
Q: Can I e-file Schedule OR-DEPR?
A: Yes, you can electronically file Schedule OR-DEPR along with your Oregon tax return.
Q: What should I do if I made an error on Schedule OR-DEPR?
A: If you made an error on Schedule OR-DEPR, you should file an amended Schedule OR-DEPR to correct the mistake.
Q: Is there a penalty for not filing Schedule OR-DEPR?
A: Yes, there may be penalties for failing to file Schedule OR-DEPR or for filing it late. It is important to comply with the filing requirements to avoid penalties.
Instruction Details:
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