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Investors & landlords
@CallMe If your Capital Gains/Losses are not from Oklahoma corporations, they are not excluded on your Oklahoma resident return.
These are carried over from your Federal return and require no adjustment.
Capital Gains/Losses that are excluded from Oklahoma are:
1) Real or tangible personal property located within Oklahoma must be owned for at least five years prior to the date of sale.
2) Stock or ownership in an Oklahoma company, or partnership, owned for at least two years prior to the date of sale.
3) Sale of real property or personal property as part of the sale of assets in an Oklahoma company owned for at least two years prior to the date of sale.
In other words, it is a tax break for long-time Oklahoma investors in Oklahoma.
Click this link for more info on Excluded Capital Gains in Oklahoma.
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