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This version of the form is not currently in use and is provided for reference only. Download this version of
Form OR-24 (150-101-734)
for the current year.
Form OR-24 (150-101-734) Oregon Like-Kind Exchanges / Involuntary Conversions - Oregon
What Is Form OR-24 (150-101-734)?
This is a legal form that was released by the Oregon Department of Revenue - a government authority operating within Oregon. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form OR-24?
A: Form OR-24 is a tax form used in Oregon for reporting Like-Kind Exchanges/Involuntary Conversions.
Q: What is a Like-Kind Exchange?
A: A Like-Kind Exchange is a property exchange that allows taxpayers to defer capital gains taxes on the exchange.
Q: What is an Involuntary Conversion?
A: An Involuntary Conversion is when a taxpayer's property is destroyed, stolen, or condemned and they receive compensation for it.
Q: Who needs to file Form OR-24?
A: Taxpayers in Oregon who have engaged in Like-Kind Exchanges or received compensation for Involuntary Conversions need to file Form OR-24.
Q: What information is required on Form OR-24?
A: Form OR-24 requires information about the property exchanged or converted, the gain or loss on the transaction, and other related details.
Q: When is Form OR-24 due?
A: Form OR-24 is generally due on the same date as the taxpayer's federal income tax return, which is typically April 15th.
Q: Are there any penalties for not filing Form OR-24?
A: Yes, there may be penalties for late or non-filing of Form OR-24, including potential interest charges on unpaid taxes.
Form Details:
- Released on July 24, 2020;
- The latest edition provided by the Oregon Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form OR-24 (150-101-734) by clicking the link below or browse more documents and templates provided by the Oregon Department of Revenue.
