Hi, thank you PatriciaV for your insight. Having selected "income from oil or gas well that is subject to depletion", I now have "Oklahoma Oil Depletion Adjustment" that allows an optional depletion of 22%. TT states "If you elect this option, enter the allowable difference between your Oklahoma depletion amount and the depletion amount claimed on your federal return." As my 1099-MISC only shows Line 2 Royalties, I don't know if I can enter anything here. Is this correct?
In addition, I forgot to mention that my 1099-MISC also has line 16 "State Tax Withheld". Where do I enter in this number?
Thank you,
Tulane
