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Get your taxes done using TurboTax
Under state taxes, there are 2 boxes under depletion. TurboTax asks for “total amount” and Oklahoma amount. Is “total amount” the 22% or the 15% federal amount? Obviously the Oklahoma amount is 22% - 15% federal. When you pull up the form where everything goes, it lists it as “additional depletion”. There are 2 columns, one for federal and one for state. Not sure why there would be an amount for federal as there is no additional depletion for federal.
thank you
April 14, 2023
5:58 AM