Certain installment plans that require you to pay federal interest on the deferred tax liability are also subject to interest on the Oregon return.
What is the interest rate for 2020?
For 2020, the interest rate is 6% per year.
Where do I enter this in the program?
If this tax applies to you, you may enter it in your account by going to:
- State Section
- Tax
What else do I need to know?
For additional information on installment sales, please refer to IRS Publication 537 and the Oregon instructions