OR-21-K-1: Schedule OR-21-K-1, Distributive Share of Proceeds, Addition, and Credit (2024)
Oregon · Oregon DOR · Used for tax years 2024
Oregon’s 2024 Schedule OR-21-K-1 reports a pass-through entity member’s distributive share of proceeds, addition for tax deducted at the federal level, and credit for PTE-E tax paid. Keep this schedule with your tax records; don’t submit it with your tax return.
Who files this form
The 2024 Schedule OR-21-K-1 is for members of pass-through entities (PTEs) paying elective tax. It reports the member’s distributive share of proceeds, addition, and credit.
Keep this schedule with your tax records. Do not submit it with your tax return.
What you'll need
Have the following information ready to complete the schedule:
- The PTE’s legal name, federal employer identification number (FEIN), and current address.
- The member’s name, Social Security number (SSN) or FEIN, and current address. If the member is not an individual, the form asks for the PTE legal name.
- The member’s share of distributive proceeds, the addition for tax deducted at the federal level, and the credit for PTE-E tax paid.
- Any amounts passed through to an individual member from an electing lower-tier PTE.
How to file
Do not submit Schedule OR-21-K-1 with your tax return. Keep it with your tax records.
Common mistakes
Follow these printed reminders:
- Use UPPERCASE letters and blue or black ink.
- Print at actual size (100%).
- Do not submit photocopies or use staples.
- Include amounts passed through to an individual member from any electing lower-tier PTE.
- Keep the schedule with your tax records rather than submitting it with your tax return.
Questions people ask
What does Schedule OR-21-K-1 report?
It reports a member’s distributive proceeds, addition for tax deducted at the federal level, and credit for PTE-E tax paid.
Should I submit this schedule with my tax return?
No. The form says to keep the schedule with your tax records and not submit it with your tax return.
Do I include amounts from an electing lower-tier PTE?
Yes. Part C says to include amounts passed through to an individual member from any electing lower-tier PTE.
What information is requested if the member is not an individual?
Part B asks for the PTE legal name, FEIN, and current address.