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on out of state Okla form, none of my assets are in Okla. How do I fill out the exemption form. my 1099-B does not have a federal identifier number, either

 
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2 Replies
JamesG1
Expert Alumni

on out of state Okla form, none of my assets are in Okla. How do I fill out the exemption form. my 1099-B does not have a federal identifier number, either

Your capital gains were earned outside of Oklahoma and you are filing a nonresident Oklahoma state income tax return. 

 

The way to handle this in the Oklahoma return is a bit confusing.

 

First, when you see the Summary of Oklahoma Capital Gains and Losses, press Edit for each gain.

 

The next screen will read Oklahoma Capital Asset Location and Type for each sale. Check the box This property does not qualify for exclusion

 

Oklahoma form 561-NR will report $0 Oklahoma gain in the far right hand column of the form.

 

 


 

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on out of state Okla form, none of my assets are in Okla. How do I fill out the exemption form. my 1099-B does not have a federal identifier number, either

I did not receive this answer until today. Very displeased. TT needs to make a way the imported investments do not transfer to the Oklahoma return. This took me hours and hours and I only got it fixed by asking Grok. Intuit fix this, please!

 

 

 

 

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