Does anyone have an opinion on this NOL in OK? Unless the OP has an federal net income less than the $60K loss in OK (OP doesn't clarify in the final post,) there is a direct conflict on these two conclusions. The person who talked to HR Block says the NOL cannot be taken unless the NOL is greater than all other income regardless if OK sourced or not. I have a similar situation as a non resident with a rental investment in OK. I have passive losses but they are not greater than my total income. I *think* the HR Block advice is correct based on the related OK forms I have seen regarding the NOL. However, it would be great to get another opinion.
Also, if the HR Block person is correct on the NOL aspect I am also wondering if the part about not having to file a return in OK unless there is a year with taxable OK income. It would make sense if these losses cannot be carried forward that OK would not care if you filed a return up until the point where there is taxable OK income--then of course they want their money and a return would have to be filed.
