OR-OC-1: Schedule OR-OC-1, Oregon Composite Return Tax Calculation for Individual and Fiduciary Owners (2024)
Oregon · Oregon DOR · Used for tax years 2024
2024 Schedule OR-OC-1 calculates Oregon composite return tax for electing nonresident individual and fiduciary owners of a pass-through entity. It reports each owner’s ownership percentage, income shares, Oregon income tax, PTE-E tax credit, estimated tax paid, and interest on un
Who files this form
Schedule OR-OC-1 is for calculating Oregon composite return tax for individual and fiduciary owners. It records information for nonresident owners who elect to join a pass-through entity’s (PTE’s) composite filing.
Include this schedule with Form OR-OC.
What you'll need
Have the following information ready to complete the schedule:
- The PTE’s name and federal employer identification number (FEIN).
- Each electing owner’s type, name, Social Security number and filing status, or fiduciary name and FEIN, as applicable.
- Each owner’s ownership percentage, share of federal income and share of Oregon-source distributive income.
- Each owner’s Oregon income tax, PTE-E tax credit, share of estimated tax paid and interest on underpayment of tax.
The schedule must accompany Form OR-OC.
How to file
Include Schedule OR-OC-1 with your Form OR-OC. Submit the original form, not a photocopy.
The page has space for four owners. Use additional copies of the page for additional nonresident owners electing to join the composite filing. If you use more than one page, total all pages on line 5 of the first page.
Common mistakes
- Submitting a photocopy instead of the original form.
- Leaving the schedule out of your Form OR-OC submission.
- When using multiple pages, failing to total all pages on line 5 of the first page.
Questions people ask
Which owners does this schedule cover?
It covers electing nonresident individual and fiduciary owners joining the composite filing.
What if more than four owners elect to join?
Use additional copies of the page for the additional owners. Total all pages on line 5 of the first page.
Where do I report an owner’s PTE-E tax credit?
Enter it in field (b) for that owner. Line 5 includes a total for field (b).
Do I submit this schedule by itself?
No. The form says to include it with Form OR-OC.