OR-24: Form OR-24, Oregon Like-Kind Exchanges/Involuntary Conversions (Revision 2023-08)
Oregon · Oregon DOR · Used for tax years 2024, 2025, 2026
Form OR-24, Oregon Like-Kind Exchanges/Involuntary Conversions, reports details about Oregon property given up and replacement property received. It records transfer dates and realized, recognized, and deferred gains or losses on the Oregon property.
Who files this form
Form OR-24 collects information about a like-kind exchange involving Oregon property given up and replacement property received.
The form directs you to include it with your Oregon return each year until the like-kind property is disposed of and the gain or loss is reported.
What you'll need
Have the following information ready:
- The tax year, your name and SSN, or the entity name and FEIN if you are not an individual.
- Your mailing address.
- Addresses, if applicable, and descriptions of the Oregon property given up and the property received.
- The actual dates you transferred the Oregon property and received the replacement property.
- Federal Form 8824 figures for realized gain or loss, recognized gain, and deferred gain or loss.
How to file
Complete the taxpayer and property information, then enter:
- Line 3: The actual month, day, and year you transferred the Oregon property to the other party.
- Line 4: The actual month, day, and year you received property from the other party.
- Line 5: Realized gain or loss on Oregon property from federal Form 8824, line 19 or 32.
- Line 6: Recognized gain on Oregon property from federal Form 8824, line 23 or 36.
- Line 7: Deferred gain or loss on Oregon property from federal Form 8824, line 24 or 37.
Submit the original form, not a photocopy, with your Oregon return. Include it each year until the like-kind property is disposed of and the gain or loss is reported. The supplied form does not give a mailing address or e-filing directions.
Common mistakes
- Submitting a photocopy: The form requires the original.
- Leaving the form off later returns: Include it with your Oregon return each year until the like-kind property is disposed of and the gain or loss is reported.
- Not reporting deferred gain or loss when the replacement property is disposed of: The form says that deferred gain or loss must be reported to Oregon at that time.
Questions people ask
Do I need to include Form OR-24 every year?
Yes. The form says to include it with your Oregon return each year until the like-kind property is disposed of and the gain or loss is reported.
When must I report the deferred gain or loss to Oregon?
You must report it when the replacement property is disposed of.
Where do I find the amounts for lines 5 through 7?
Use federal Form 8824: line 19 or 32 for realized gain or loss, line 23 or 36 for recognized gain, and line 24 or 37 for deferred gain or loss.
Can I submit a photocopy?
No. The form says to submit the original, not a photocopy.