Deductions & credits

@Rakeshchru Pardon my mis-read of the question.  ONLY Oklahoma capital gains can be excluded.

Oklahoma Capital Gain Deduction  68 OS Sec. 2358 and Rule 710:50-15-48

1. The sale of real or tangible personal property located within Oklahoma that has been owned for at least five uninterrupted 
   years prior to the date of the transaction that gave rise to the capital gain; 
2. The sale of stock or an ownership interest in an Oklahoma company, limited liability company, or partnership where such 
   stock or ownership interest has been owned for at least two uninterrupted years prior to the date of the transaction that 
   gave rise to the capital gain; or
3. The sale of real property, tangible personal property or intangible personal property located within Oklahoma as part 
   of the sale of all or substantially all of the assets of an Oklahoma company, limited liability company, partnership, or an 
   Oklahoma proprietorship business enterprise where such property has been owned by such entity or business enterprise 
   or owned by the owners of such entity or business enterprise for a period of at least two uninterrupted years prior to the 
   date of the transaction that gave rise to the capital gain.