Common questions about entering Oregon credits in Lacerte

Table of contents:

In this article, you can find solutions to frequently asked questions about entering Oregon credits in the Individul module of Lacerte.

Oregon Residential Energy Credit (Form 40)

1. Go to Screen 53, Other Credits.
2. Select Oregon Other Credits from the left St. Credits box.
3. Hold down Ctrl+E in the Other carryforward credits (Ctrl+E) field (code 41).
4. Select Residential Energy [861].
5. Enter the corresponding amount(s) in the applicable Previous Year Amount and/or Current Year Amount columns.
6. Select OK.

Other State Tax Credit (OSTC)

Steps for full-year Oregon residents:

1. Go to Screen 52, Other State Tax Credit.
2. Enter the income subject to tax in the other state.
3. Enter the amount of tax paid to that state.
4. Review Form 40 to confirm the credit is calculated.

Steps for part-year Oregon residents:

1. Go to Screen 55, Part-Year/Nonresident Information.
2. Enter Oregon and out-of-state income allocations.
3. Go to Screen 52, Other State Tax Credit.
4. Enter income and tax paid to the other state.
5. Review Form 40 to confirm the credit is calculated using part-year rules.

Where can I enter the Qualified Research Credit from an S-Corporation?

The Qualified Research Credit is not in Oregon's list of allowed current-year credits. However the Qualified Research Credit is available as a carryover to s-corporation shareholders. The credits Oregon allows are listed here on Oregon's website: https://www.oregon.gov/dor/programs/individuals/pages/credits.aspx

The Qualified Research Credit Carryover for S-corp Shareholders can be entered in Screen 53.021, Oregon Credits in the field Other carryforward credits (Ctrl+E).

Related articles:

• Common questions about the Other State Tax Credit
• Entering individual Oregon Form 40 Residential Energy Credit in Lacerte