BillM223
Expert Alumni

State tax filing

Did you report the sale of your home on your federal return? Most people don't need to, if they didn't receive a 1099-S and they fall within the $250,000/$500,000 exclusion.

 

Not reporting the sale on the federal return would mean that Oklahoma would not know about it.

 

Also, did you own the home at least 5 years before you sold it? If so, gain on a real estate sale is not taxable anyway in Oklahoma.

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