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Can I fully deduction Oklahoma Capital Gains for Rental Property I sold in 2024?
I'm a resident in TX due to work while my husband resides in OK. In 2024, we sold our rental property located in Oklahoma for which we held for more than 10 years. We didn't live in that rental property in any year or converted it to a personal use. It was 100% rental the whole time. Due to the length of time we held the property, Turbo Tax seemed to suggest that this is a qualifying Oklahoma property and I should be able to fully deduct the gain from Oklahoma taxable income? Is that correct?
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2 weeks ago