Krahmer v. Department of Revenue

CARL N. BYERS, Judge.

Plaintiffs appeal from department’s Opinion and Order No. 92-5104 denying a 1985 net operating loss (NOL) carryforward to 1990, and denying refunds for 1982 and 1983. The matter is before the court on stipulated facts.

Plaintiffs operate a farm in Cornelius which has been in the Krahmer family for over a century. Plaintiffs’ farm income has varied greatly as a result of weather and market uncertainties. On April 16, 1986, plaintiffs filed their 1985 Oregon income tax return showing a federal adjusted gross income of a negative $122,857. This amount was composed of a NOL…