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Understanding Oregon Form OR-ASC other addition and subtraction codes

SOLVED•by Intuit•Lacerte Tax•26•Updated August 12, 2022

This article will assist you with understanding Oregon's other addition and other subtraction codes from Schedule OR-ASC, Oregon Adjustments for Form OR-40 Filers. Information in this article is taken from the Publication OR-CODES.

Additions are items the federal government doesn’t tax but Oregon does. For detailed information, see Publication OR-17.

Step 1: Complete the table in Section 1 with the code and amount reported for each addition. Each code should only be listed once.
Step 2: Fill in the total of all additions. Enter this amount on Form OR-40, line 8.

Subtractions are items the federal government taxes but Oregon doesn’t. See below for information regarding commonly claimed subtractions. For detailed information, see Publication OR-17.

Step 1: Complete the table in Section 2 with the code and amount reported for each subtraction that isn’t listed on the return. Each code should only be listed once.
Step 2: Fill in the total of all subtractions. Enter this amount on Form OR-40, line 13.

Oregon Adjustments - Schedule OR-ASC-NP, Section 1 only.

Code	Description	OR-40	OR-40-N	OR-40-P
002	Certain business expenses of reservists, performing artists, and fee-basis government officials–Form 1040, Schedule 1, Line 24		X	X
003	Health savings account deduction—Form 1040, Schedule 1, Line 25		X	X
004	Penalty on early withdrawal of savings—Form 1040, Schedule 1, Line 30		X	X
005	Write-in adjustments on Form 1040, Schedule 1, Line 36, or Form 1040NR, Line 34		X	X

Oregon Additions - Schedule OR-ASC, Section 1 or OR-ASC-NP, Section 2.

Code	Description	OR-40	OR-40-N	OR-40-P
103	Claim of right income repayments	X
106	Disposition of inherited Oregon farmland or forestland	X	X	X
107	Federal election on interest and dividends of a minor child	X	X	X
109	Federal income tax refunds	X
116	Net operating loss—non-Oregon source	X	X	X
117	Oregon 529 college savings plan nonqualified withdrawal	X	X	X
118	Oregon deferral of reinvested capital gain	X	X	X
119	Partnership and S corporation modifications for Oregon	X	X	X
122	Business credit—unused	X	X	X
123	Federal subsidies for employer prescription drug plans	X	X	X
131	Federal law disconnect	X	X	X
1323	Accumulation distribution from certain domestic trusts	X	X	X
133	Fiduciary adjustment from Oregon estates and trusts	X	X	X
134	Gambling losses claimed as an itemized deduction	X
135	Oregon-only Schedule A items	X
136	Refund of Oregon-only Schedule A items from a prior year	X
137	Individual development account nonqualified withdrawal	X	X	X
138	Oregon IDA Initiative Fund donation credit add-back	X
139	Lump-sum distribution from a qualified retirement plan	X	X	X
140	Passive foreign investment company income	X	X	X
142	Child Care Fund contributions	X
144	Oregon Production Investment Fund contributions	X
145	Renewable Energy Development Fund contributions	X
146	University Venture Development Fund contributions	X
148	Income taxes paid to another state	X	X	X
150	Basis of business assets transferred to Oregon	X	X	X
151	Depletion in excess of property basis	X	X	X
152	Depreciation difference for Oregon	X	X	X
153	Federal depreciation disconnect	X	X	X
154	Gain or loss on sale of depreciable property with different basis for Oregon	X	X	X
155	Passive activity losses	X	X	X
156	Suspended losses	X	X	X
157	Federal estate tax on income in respect of a decedent	X
158	Interest on state and local government bonds outside of Oregon	X	X	X
159	Federal subtraction for retirement savings rollover from individual development account	X	X	X
160	Charitable donations not allowed for Oregon	X
161	Nonresident capital loss carryovers	X	X	X
163	WFHDC medical expenses	X
164	ABLE account nonqualified withdrawal	X	X	X
165	College Opportunity Grant contributions	X
184	Repatriated foreign income	X	X	X

Subtractions - Schedule OR-ASC, Section 2 or OR-ASC-NP, Section 3.

Code	Description	OR-40	OR-40-N	OR-40-P
300	American Indian	X	X	X
301	Artist's charitable contribution	X
303	Construction worker and logger commuting expenses	X	X	X
306	Federal gain previously taxed by Oregon	X	X	X
307	Federal pension income	X	X	X
308	Tuition and fees	X	X	X
309	Federal income tax from a prior year	X
310	Fiduciary adjustments from Oregon estates and trusts	X	X	X
311	Foreign tax	X
314	Individual development account contributions	X	X	X
315	Interest and dividends on U.S. bonds and notes	X	X	X
316	Land donation to educational institutions	X	X	X
317	Interest from state and local government bonds	X	X	X
319	Military active duty pay	X	X	X
320	Mortgage interest credit	X
321	Net operating loss for Oregon	X	X	X
322	Oregon lottery winnings	X	X	X
323	Partnership and S corporation modifications for Oregon	X	X	X
324	Oregon 529 college savings plan deposit	X	X	X
325	Oregon income tax refund		X	X
327	Previously taxed employee retirement plans	X	X	X
329	Public Safety Memorial Fund award	X	X	X
330	Railroad Retirement Board benefits: tier 2, windfall/vested dual, supplemental, and railroad unemployment benefits	X	X	X
331	U.S. government interest in IRA or Keogh distributions	X	X	X
333	Scholarship awards used for housing expenses	X	X	X
335	Legislative Assembly salary and expenses	X	X	X
336	Film production labor rebate—Greenlight Oregon Labor Rebate Fund	X	X	X
338	Mobile home park capital gain	X	X	X
339	Capital Construction Fund (CCF) contributions	X	X	X
340	Federal business and health coverage credits	X	X	X
341	Income on a composite return		X	X
342	Oregon Investment Advantage	X	X	X
344	Mobile home tenant payment	X	X	X
347	Taxable benefits for former RDPs	X	X	X
348	Previously taxed IRA conversions	X	X	X
350	Discharge of indebtedness	X	X	X
351	Special Oregon medical	X	X	X
352	DISC dividend payments	X	X	X
354	Depreciation di erence for Oregon	X	X	X
355	Gain or loss on sale of depreciable property with di erent basis for Oregon	X	X	X
356	Passive activity losses	X	X	X
357	Suspended losses	X	X	X
358	Basis of business assets transferred to Oregon	X	X	X
359	Marijuana business expenses not allowed on the federal return	X	X	X
360	ABLE account deposit	X	X	X

Modifications - Schedule OR-ASC-NP, Section 4 only.

Code	Description	OR-40	OR-40-N	OR-40-P
600	Artist’s charitable contribution		<	X
601	Federal income tax refunds		X	X
602	Federal tax from a prior year		X	X
603	Foreign tax		X	X
604	Gambling losses claimed as an itemized deduction +		X	X
605	Federal estate tax on income in respect of a decedent +		X	X
607	Federal mortgage interest credit		X	X
609	Federal business and health coverage credits		X	X
642	Child Care Fund contributions +		X	X
644	Oregon Production Investment Fund contributions +		X	X
645	Renewable Energy Development Fund contributions +		X	X
646	University Development Venture Fund contributions +		X	X
648	Oregon IDA Initiative Fund donation credit add-back +		X	X
649	Claim of right income repayment +		X	X
650	Charitable donations not allowed for Oregon +		X	X
651	WFHDC medical expenses +		X	X
652	College Opportunity Grant contributions +		X	X

⁺Must be entered as a negative number.

Standard Credits - Schedule OR-ASC, Section 3 or OR-ASC-NP, Section 5.

Code	Description	OR-40	OR-40-N	OR-40-P
802	Income taxes paid to another state		X	X
806	Mutually-taxed gain on the sale of residential property	X	X	X
807	Oregon Cultural Trust contributions	X	PR	PR
808	Oregon Veterans' Home physicians	X	PR	PR
809	Political contributions		X	X
810	Reservation enterprise zone	X	PR	PR
811	Retirement income	X	X	X
812	Rural emergency medical technicians	X	PR	PR
813	Rural health practitioners	X	PR	PR
815	Pass-through income taxes paid to another state	X	X	X

PR indicates a credit that must be prorated

Carryforwad credits - Schedule OR-ASC, Section 4 or OR-ASC-NP, Section 6.

Code	Description	OR-40	OR-40-N	OR-40-P
835	Agriculture workforce housing	X	PR	PR
838	Biomass production/collection carryforward	X	PR	PR
839	Business energy carryforward	X	X	X
840	Child and dependent care carryforward	X	PR	PR
841	Child Care Fund contributions	X	X	X
843	Crop donation	X	PR	PR
845	Electronic commerce zone investment	X	PR	PR
846	Employer-provided dependent care assistance carryforward	X	X	PR
847	Employer scholarship	X	PR	PR
849	Energy conservation projects	X	X	X
850	Fish screening devices	X	PR	PR
852	Oregon IDA Initiative Fund donation	X	X	X
855	Oregon Low Income Community Jobs Initiative/New Markets	X	X	X
856	Oregon Production Investment Fund contributions	X	X	X
857	Pollution control facilities carryforward	X	X	X
859	Renewable Energy Development Fund contributions carryforward	X	X	X
860	Renewable energy resource equipment manufacturing facility carryforward	X	X	X
861	Residential energy	X	PR	PR
863	Transportation projects	X	X	X
864	University Venture Development Fund contributions	X	PR	PR
865	Alternative Fuel Vehicle Fund contributions carryforward	X	X	X
867	Reforestation of underproductive forestlands	X	X	X
868	Rural technology workforce development	X	PR	PR
869	Bovine manure production/collection	X	PR	PR
871	College Opportunity Grant contributions	X	X	X

PR indicates a credit that must be prorated.

Carryforwad credits available only to S corporate shareholders.

836	Agriculture workforce housing loans (S corporation)	X	X	X
837	Alternative quali ed research activities carryforward (S corporation)	X	X	X
842	Contribution of computers or scienti c equipment for research carryforward (S corporation)	X	X	X
854	Lender’s credit: a ordable housing (S corporation)	X	X	X
848	Lender’s credit: energy conservation carryforward (S corporation)	X	X	X
853	Long-term enterprise zone facilities carryforward (S corporation)	X	X	X
858	Qualified research activities carryforward (S corporation)	X	X	X

Refundable credits - Schedule OR-ASC, Section 5 or OR-ASC-NP, Section 7.

Code	Description	OR-40	OR-40-N	OR-40-P
890	Claim of right	X	PR	PR
891	Mobile home park closure	X	X	X
895	Working family household and dependent care (WFHDC)	X	PR	PR

PR indicates a credit that must be prorated

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