Oregon Nonresident Income Tax and Passive Loss Tracking Carryover

Forum|Forum|1 year ago
April 19, 2024
1 reply
0 views

Hi,

I live in California and am part of real estate LLC investment funds that own properties in Oregon. I have checked the filing requirement on the site (oregon.gov/dor) as well to see if the funds Oregon sourced income is above the threshold.

Do I need to file a return to track the Oregon losses for potential offsetting any future gains?

I have read through the suggested document OR-publication–17. It seems that I need to file if I have a passive loss from Oregon source income.

I appreciate the input. Thanks

Best answer by Vanessa A

Yes, you are correct. If you have passive losses that you wish to claim in future years against Oregon sourced gains, you would need to file a return to track the losses. You would not be allowed to all the sudden one year add losses from years back. There needs to be proof which would be the filing of the return showing the loss.

Vanessa AAnswer

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

embedded_guyAuthor

Thanks for the response.

Asked Oregon DOR and they wouldn't provide any guidance or confirmation of their own document, which I find odd and different than many other state DOR question email support people.