Form 561 allows you to report qualifying sales of Oklahoma assets to get a break on Oklahoma state tax on a resulting capital gain. All of your Schedule D transactions will appear automatically in form 561 in TT. If the transaction involves an Oklahoma company you need to list its address and/or federal i.d. number.
If the reported schedule D sale is not of an Oklahoma company, you need to eliminate it from the list.
At the far left side of the list of stock sales is a slender column of blank boxes. At the top of the column is an asterisk. Clicking the box next to each of your listed transactions that is not a qualifying Oklahoma company will eliminate it from Form 561. Then, obviously, you will no longer be asked for an address or federal i.d. for it, and should no longer get an error message.
I wish TT would turn this into an opt-in list with clearer instructions on its use, but at least you can deal with it by clicking the opt-out box.
