I am a non-resident, but have interest in an Oklahoma LLC this year. It has a passive loss. Do I have to file a return in OK this year if I have no other passive income or other income in OK, or do I wait until I have a net passive gain?
If I need to file, how do I handle it? Let's say for example it was a $10,000 OK passive loss, but on my federal return I can only write off $1000 on Form 8582 because I only have a total of $5000 in passive income. The $5000 income is from non-OK partnerships. The remaining allowable $4000 loss is distributed to non-OK partnerships on Form 8582. What would my OK return reflect for that example?
