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Entering individual Oregon Form 40 Residential Energy Credit in ProConnect Tax

by Intuit• Updated 3 months ago

This article will assist you with entering Oregon Form 40, Residential Energy Credit, in the Individual return.

All credit codes have changed beginning with tax year 2015. For a complete list of codes, refer to the Oregon Publication OR-CODES.

Follow these steps to enter the OR Residential Energy Credit:

  1. From the Input Return tab, go to State & Local ⮕ Other Credits ⮕ OR Credits.
  2. Locate the Oregon Credits section.
  3. Click the input field titled Other carryforward credits (Click on button to expand).
  4. From the Code dropdown list, select 861=Residential Energy.

This credit flows to Schedule OR-ASC, Section 4: Carryforward credits (codes 835 - 865), line(s) 4. The allowed credit amount will flow to Form 40, line 28.

Refer to Oregon Publication OR-17 for more information about the Residential Energy Credit.

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