ColeenD3
Expert Alumni

Investors & landlords

Yes.

 

Nonresident Except as otherwise provided for in the Pass-Through Entity Tax Equity Act of 2019, every nonresident with Oklahoma source gross income of $1,000 or more is required to file an Oklahoma income tax return. A nonresident partner may elect to be included in a composite partnership return, see Rule 710:50-9-1.

 

If there is at least $1,000 of gross income from Oklahoma sources, such as Oklahoma rental or royalty income, complete the Oklahoma Form 511NR according to the “Select Line Instructions”.

 

"Royalty income earned by an inventor from a product developed and manufactured in this state shall be exempt from
income tax for a period of seven years as long as the manufacturer remains in this state."

 

How is this true if you were not living there? Are you going to remain in the state?