Qualifying partner entity types for preparation of Oregon OR-21 - Pass-through Entity Elective Tax return with a 1065 return type using CCH® ProSystem fx® Tax and CCH Axcess™ Tax.

  • Article Type:
  • Documentation
  • Last Modified:
  • 02/24/2024

Objectives

Document qualifying owner entity types for preparing OR-21.

Environment

  • CCH Axcess™ Tax
  • CCH® ProSystem fx® Tax
  • Partnership – 1065
  • Oregon - OR
  • Worksheet View – WSV
  • Interview Forms – IVF
  • Pass-through Entity Tax – PTET

Details

Qualifying entity types for the OR-21 include Individuals, Partnerships, and S-Corporations. There has been some confusion when it comes to the individual entity type. Based on the instructions, this can also include disregarded entities such as a grantor trust and single member LLC's. The following input below will be recognized as an individual entity:

***Please note, all individual partners must contain a first AND last name along with a valid SSN (XXX-XX-XXXX)***

For a basic individual partner

WSV/Axcess:
Partners > Partner information > Basic Partner Data > Partner entity type > "blank" or "Individual"
The Individual first and last that will be printed on the OR-21 forms will come from the Basic Partner Data section

Interview view:
K-1, boxes 103 - 127 (Entity Code "blank" or "I")
The Individual first and last that will be printed on the OR-21 forms will come from K-1, boxes 31 - 56

For a grantor trust being recognized as an individual

WSV/Axcess:
Partners > Partner information > Basic Partner Data > Partner entity type >  "Grantor Trust" AND Partners > Partner information > DE's Information/Section 704(c) Gain(Loss)/Other options > Lines 1 - 4
The Individual first and last that will be printed on the OR-21 forms will come from the Disregarded entity section

Interview view:
K-1, boxes 103 - 127 (Entity Code "G") AND K-1A, boxes 114 - 127 (Entity Code "I") 
The Individual first and last that will be printed on the OR-21 forms will come from K-1A, boxes 31 - 61 AND boxes 115 - 127

For a single member LLC being recognized as an individual

WSV/Axcess:
Partners > Partner information > Basic Partner Data > Partner entity type >  "Individual" AND Partners > Partner information > DE's Information/Section 704(c) Gain(Loss)/Other options > Line 13
The Individual first and last that will be printed on the OR-21 forms will come from the Basic Partner Data section

Interview view:
K-1, boxes 103 - 127 (Entity Code "I") AND K-1A, boxes 128 - 134 (Single Member LLC  "X") 
The Individual first and last that will be printed on the OR-21 forms will come from K-1, boxes 31 - 56

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