BillM223 said:
Did you report the sale of your home on your federal return?
YES
Most people don't need to, if they didn't receive a 1099-S and they fall within the $250,000/$500,000 exclusion.
I DID NOT RECEIVE A 1099-S AND WE DO FALL WITHIN THE EXCLUSION AMOUNT.
I CAN REMOVE FROM THE FEDERAL RETURN.
Not reporting the sale on the federal return would mean that Oklahoma would not know about it.
I WILL REMOVE
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.
YES
