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With rental property located out-of-state, make sure you first set up that state properly in Personal Info. That way, when you do your state taxes, we'll be ready to go.
Now let's enter that rental:
Follow the on-screen instructions as you proceed through the rental and royalties section. We'll first ask you to enter general information about your rental (description, address, ownership percentage, etc.)
Eventually, you'll come to the Rental Summary screen which is where you enter your rental income and expenses, assets and depreciation.
NOTE: When filing a nonresident state return to report income from an out-of-state rental property, be sure to complete your nonresident state return before you prepare your resident state return when you get to the State Taxes section.You will need to allocate your rental income to Oklahoma in the Oklahoma interview section. A few screens in to the Oklahoma return in TurboTax, you will come to a series of screens for "Oklahoma Income". One of them says "Rental, Partnerships, Etc." (See screen shot below). Enter your rental income in the box under "Oklahoma Amount".
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