This is what I am working on this morning-it is crazy! My sister only lived in Oregon part of the year, these are the instructions on how to fill out an Oregon part year resident form.
Example: Delaney began working for the U.S. Forest
Service March 31, 1976, and retired January 7, 2009.
She worked a total of 393 months; 186 months were
worked before October 1, 1991. Delaney moved to
Oregon on May 31, 2009. She can subtract 47.3 percent
(186 ÷ 393) of her taxable federal pension. She
will use this percentage for both her federal column
and her Oregon column. She will multiply the percentage
by the amount in each column to determine the correct
subtraction for each column.
On her Form 40P, line 17F, she has $14,000 and on line
17S she has $9,000. Her federal pension subtraction
for the federal column is $6,622 ($14,000 x 0.473). Her
federal pension subtraction for the Oregon column
is $4,257 ($9,000 x 0.473). Since she is only claiming
one “Other subtraction,” Delaney will enter “307” on
line 37x and “$6,622” on line 37y. Then she will enter
“$6,622” on line 37F and “$4,257” on line 37S. She
will continue to subtract 47.3 percent of her taxable
federal pension in future years.
Thursday, April 15, 2010
Posted by sweetsue at 7:12 AM