Certain Oregon tax benefits may need to be repaid if a taxpayer no longer qualifies for the benefit or uses the funds for nonqualified purposes.
These repayments are reported as tax recaptures.
Program Entry
Oregon Return → Credits → Tax Recaptures
ABLE Account Nonqualified Withdrawal
Enter the amount subject to recapture due to a nonqualified withdrawal from an ABLE account.
Oregon 529 College Savings Network Account Nonqualified Withdrawal
Enter the amount subject to recapture due to a nonqualified withdrawal from an Oregon 529 College Savings Network account.
Notes
- Tax recaptures generally increase Oregon tax liability.
- Documentation supporting the recapture calculation should be retained with your tax records.
- Only report recaptures that apply to your situation.
For additional information or specific instructions on the above credits, please refer to the Oregon state instructions, here.