I received a Schedule K-1 for a Trust sourced in California for $661 Net Long-Term Capital Gain. I live in Oklahoma. It appears that I need to complete a CA Non-resident tax form. I have two questions:
1. Will both California and Oklahoma tax this Capital Gain?
2. Turbotax OK State asks "On your federal return you reported $660 of capital gains (or losses) from you Schedule K-1s. How much of this gain (or loss) was from the sale of qualifying Oklahoma property?"
2.a. I indicated that the "Oklahoma Income" was zero - is this correct?
2.b. The next question is to "Select Type of Property Sold." All the drop-down box options have to do with Oklahoma corporations or property, but this Trust is not related to any of them. How do I manage this? This is an error that requires correction before continuing. I don't see any way to resolve this on the Federal return, but perhaps I'm missing something.
