OAR 150-316-0475: Estimated Tax: Farmer’s and Fisher’s

For the purpose of declaring estimated tax, gross income is determined using sources within and without this state. Example: John is a resident of the state of Washington and owns a farm which is located in Oregon. All of his other income is from nonfarm sources within the state of Washington. The total farm income from Oregon sources is $50,000. The total gross income from within and without Oregon is $90,000. Since the gross income from farming is not equal to or greater than two-thirds of John’s total gross income, the exception for farmers and fishers to making estimated tax payments is not met.