My royalty depletion at 22% is $2,878. At 15% is $1,963. What should I enter in Box "Total Amount" and "Oklahoma Amount" on the "Oklahoma Oil Depletion Adjustment" screen

[PaulaM]

For the total amount, enter the federal amount of 15% $1963. Then enter the Oklahoma amount in next box $915 (difference btw. 22%  and 15%)

Oklahoma is allowing you to claim an additional 7% for depletion. It will report the difference on your state tax return ($915).

[soon]

How do you handle multiple royalties in Oklahoma with depletion? Do you have to create a separate worksheet, sum the differences for each, and then enter the sum in the Oklahoma amount?

[RobertB4444]

Add all of the royalties together and then get 15% of the total and 7% of the total and enter those in their respective boxes.

@soon