Oregon DOR Releases Revised Instructions Regarding Pass Through of Distributive Share of Proceeds, Additions, Credits

The Oregon Department of Revenue (DOR) released revised 2024 Schedule OR-21-MD-PT Instructions, providing guidance for Pass-Through Entities (PTEs) on the pass through of distributive shares of proceeds, additions, and credits. The DOR states that upper-tier PTEs must use Form OR-21-MD-PT to report the items passing through to the upper-tier PTE’s members from a lower-tier entity. Any addition and credit reported to the upper-tier PTE by the electing lower-tier entity can’t be claimed on an entity-level return and must be passed through to the upper-tier PTE’s members, and each upper-tier PTE must complete a separate Schedule OR-21-MD-PT for each electing lower-tier ...