maglib
Level 10

Investors & landlords

@JamesT81  see instructions for line 15, the federal is too high.  I gave you a link above here, it is again: https://oklahoma.gov/content/dam/ok/en/tax/documents/forms/individuals/current/511-NR-Pkt.pdf

 

Oklahoma Income Distributed by an Electing PTE
Federal Amount Column - If you are a member, either directly or indirectly, of an electing PTE, subtract the Oklahoma income covered by the election pursuant to the provisions of the Pass-Through Entity Act of 2019 (68 OS Sec 2355.1P1 et seq.). Provide a schedule listing the electing PTE, federal identification number, federal taxable income (loss) and
Oklahoma taxable income in Form 511-NR, line 2 that is covered by the election pursuant to this Act. Provide a copy of
the OTC acknowledgement letter.
Oklahoma Amount Column - Enter that part of the “Federal Amount” column that represents the electing PTE’s income
included in the “Oklahoma Amount” column on Form 511-NR-1.

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