OR-ASC-NP: Schedule OR-ASC-NP, Oregon Adjustments for Form OR-40-N and Form OR-40-P Filers (2024)
Oregon · Oregon DOR · Used for tax years 2024
The 2024 Oregon Schedule OR-ASC-NP reports adjustments, additions, subtractions, modifications, tax recaptures, and credits that aren’t included on Form OR-40-N or Form OR-40-P. It is filed with either of those forms.
Who files this form
Use the 2024 Schedule OR-ASC-NP if you file Form OR-40-N or Form OR-40-P and need to report adjustments, additions, subtractions, modifications, tax recaptures, or credits that aren’t included on your return form.
The schedule covers standard credits, carryforward credits, and refundable credits. Include it with your Oregon income tax return.
What you'll need
- Your Form OR-40-N or Form OR-40-P, which you file with this schedule.
- An additional Schedule OR-ASC-NP if your entries won’t fit on one schedule.
The schedule asks for your last name, Social Security number, and the codes and amounts for the items you report. For more information, the form refers you to the Schedule OR-ASC and OR-ASC-NP Instructions, Publication OR-CODES, or Publication OR-17.
How to file
Include Schedule OR-ASC-NP when you file Form OR-40-N or Form OR-40-P. If you need more room, file an additional Schedule OR-ASC-NP.
Enter each item’s code and amount in the appropriate section. Transfer the section totals to the return lines identified on the schedule.
The supplied form does not give a mailing address or e-filing instructions.
Common mistakes
- Leaving the schedule out of your return. You must include it with Form OR-40-N or Form OR-40-P.
- Using lowercase letters or ink other than blue or black. The form requires uppercase letters and blue or black ink.
- Printing at a reduced or enlarged size. Print at actual size, 100%.
- Submitting photocopies or using staples. The form says not to do either.
- Omitting the state abbreviation when claiming standard credit code 802 or 815. Enter it in Section F.
Questions people ask
What if my entries won’t fit on one schedule?
File an additional Schedule OR-ASC-NP.
Do I report federal and Oregon amounts separately?
Sections A, B, and C have separate federal and Oregon amount columns and totals for adjustments, additions, and subtractions.
What information goes in the carryforward credits section?
Section G asks for the credit code, amount from the prior year, amount awarded this year, and total used this year. Transfer the total carryforward credits used this year from line G9 to Form OR-40-N, line 55, or Form OR-40-P, line 54.
Where can I find more information about the items reported on this schedule?
The form refers you to the Schedule OR-ASC and OR-ASC-NP Instructions, Publication OR-CODES, or Publication OR-17.