Instructions for Form OR-DRD, 150-102-038 Oregon Dividends-Received Deduction - Oregon

Form OR-DRD (150-102-038) Oregon Dividends-Received Deduction - Oregon

This document contains official instructions for Form OR-DRD , and Form 150-102-038 . Both forms are released and collected by the Oregon Department of Revenue. An up-to-date fillable Form OR-DRD (150-102-038) is available for download through this link.

FAQ

Q: What is Form OR-DRD?
A: Form OR-DRD is a tax form used in Oregon to claim the dividends-received deduction.

Q: What is the purpose of Form OR-DRD?
A: The purpose of Form OR-DRD is to allow taxpayers in Oregon to deduct qualifying dividends they have received.

Q: Who is eligible to use Form OR-DRD?
A: Individuals and corporations who have received qualifying dividends in Oregon are eligible to use Form OR-DRD.

Q: What is the dividends-received deduction?
A: The dividends-received deduction is a tax deduction allowed by Oregon for qualifying dividends received.

Q: How do I fill out Form OR-DRD?
A: To fill out Form OR-DRD, you will need to provide information about the dividend(s) you received and calculate the deduction amount based on the applicable rate.

Q: When is Form OR-DRD due?
A: Form OR-DRD is typically due on or before April 15th of the year following the tax year in which the dividends were received.

Q: Can I e-file Form OR-DRD?
A: Currently, Form OR-DRD cannot be e-filed and must be filed by mail.

Q: Are there any other requirements or considerations for Form OR-DRD?
A: Yes, there are specific requirements and limitations for claiming the dividends-received deduction. It is recommended to review the instructions provided with Form OR-DRD or consult a tax professional for guidance.