Instructions for Form 150-102-167 Schedule OR-FCG-20 Farm Liquidation Long-Term Capital Gain Tax Adjustment - Oregon

Form 150-102-167 Schedule OR-FCG-20 Farm Liquidation Long-Term Capital Gain Tax Adjustment (Ors 317.063) - Oregon

This document contains official instructions for Form 150-102-167 Schedule OR-FCG-20, Farm Liquidation Long-Term Capital Gain Tax Adjustment - a form released and collected by the Oregon Department of Revenue. An up-to-date fillable Form 150-102-167 Schedule OR-FCG-20 is available for download through this link.

FAQ

Q: What is Form 150-102-167?
A: Form 150-102-167 is a tax form used in Oregon for reporting the Farm Liquidation Long-Term Capital Gain Tax Adjustment.

Q: What is Schedule OR-FCG-20?
A: Schedule OR-FCG-20 is the specific schedule within Form 150-102-167 that is used for reporting the Farm Liquidation Long-Term Capital Gain Tax Adjustment.

Q: What is the purpose of Form 150-102-167 Schedule OR-FCG-20?
A: The purpose of this form is to calculate the adjustment to long-term capital gains for farming activities in Oregon.

Q: Who needs to file this form?
A: Farmers in Oregon who have long-term capital gains from farming activities and want to claim the tax adjustment must file this form.

Q: Are there any filing deadlines for this form?
A: Yes, the form must be filed by the due date of your Oregon income tax return.

Q: Is there any specific documentation required to accompany this form?
A: You may need to attach supporting documents, such as federal tax forms, to this form when filing.

Q: Can I file this form electronically?
A: No, this form cannot be filed electronically. It must be filed by mail with the Oregon Department of Revenue.

Q: Are there any penalties for not filing this form?
A: Failure to file this form or filing it late may result in penalties and interest.