[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-8508":3},{"rec_id":4,"title":5,"text":6},"8508","What subtractions are used to modify the federal Passive Activity Losses for Oregon?","Some common subtractions for passive activity losses taken on your federal return include the following:\r\n\u003Cul>\r\n\u003Cli>Gain or loss on the sale of public utility stock where dividends were reinvested, provided the gain or loss are derived in the ordinary course of the passive activity\u003C/li>\r\n\u003Cli>Interest or dividends on obligations of the U.S. government, if the interest or dividends are derived in the ordinary course of the passive activity\u003C/li>\r\n\u003Cli>Wages paid or accrued with respect to the passive activity that you didn't deduct from federal taxable income because you claimed the federal Work Opportunity Credit\u003C/li>\r\n\u003Cli>Interest or dividends on obligations of Oregon political subdivisions, provided the interest or dividends are derived in the ordinary course of the passive activity\u003C/li>\r\n\u003C/ul>\r\nSome other subtractions that modify the federal Passive Activity Losses for Oregon include, but are not limited to:\r\n\u003Cul>\r\n\u003Cli>Difference in depreciation of assets used in the passive activity\u003C/li>\r\n\u003Cli>Difference in basis, upon the taxable sale, exchange, or disposition by the taxpayer of an asset used in the passive activity\u003C/li>\r\n\u003Cli>The elimination of excess profits on government contracts if such profits were derived in the ordinary course of the passive activity\u003C/li>\r\n\u003Cli>Deferral of gain on the sale of small business securities if the securities were held or sold in the ordinary course of the passive activity\u003C/li>\r\n\u003Cli>Deferral of gain on the sale of capital assets, if the assets were held or sold in the ordinary course of the passive activity\u003C/li>\r\n\u003Cli>Energy conservation payments if the energy conservation measure was undertaken with respect to the passive activity\u003C/li>\r\n\u003C/ul>\r\n\u003Cb>Oregon Part-Year Residents\u003C/b>\u003Cbr>\r\nLosses resulting from passive activities carried on during the period the taxpayer is a resident as well as those derived from or connected with Oregon sources during the period the taxpayer is a nonresident are deductible for Oregon purposes. Include in your calculation any subtractions related to passive activities while you were an Oregon resident, as well as any subtractions related to the time you were a nonresident that derived from Oregon sources.\r\n\u003Cbr>\u003Cbr>\r\n\u003Cb>Oregon Nonresidents\u003C/b>\u003Cbr>\r\nLosses resulting from passive activities derived from or connected with sources outside of Oregon are not deductible for Oregon purposes, regardless of a later change in residency. Include in your calculation any subtractions related to passive activities that are derived from Oregon sources.\r\n\u003Cbr>\u003Cbr>\r\nFor more information, see \u003Ca href=\"https://secure.sos.state.or.us/oard/viewSingleRule.action?ruleVrsnRsn=19472\" target=\"blank\">OAR 150-314-0110\u003Cspan class=\"append_external\" style=\"margin-right:4px;\">\u003C/span>\u003C/a>.",1777391570747]