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Level 3
Jan 23, 2023 4:50 AM UTC
Solved

What State Software

A Domestic OKLA Real Estate S-Corp had only one transaction in 2022 in CA.  In previous years, revenue was all from Oklahoma transactions.  This 2022 CA transaction was a break-even deal however with other expenses throughout the year I have a net loss for the 2022 year.  Am I correct I would just file one S-Corp form for CA (which is Form 100S in CA) and therefore no OK S-Corp filing this year?  

JulieSAnswer
Alumni - Intuit
Jan 25, 2023 1:56 PM UTC

Expert Reviewed

No.

 

"WHO MUST FILE Any corporation doing business within or deriving income from sources within Oklahoma is required to file an Oklahoma Corporation Income Tax Return, whether or not a tax is due." - 2022 Oklahoma Corporation Income and Franchise Tax Forms and Instructions. 

 

The excerpt is found on page 3 of the publication in the link provided by @Anonymous_:

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2 replies

JulieSAnswer
Alumni - Intuit
Jan 25, 2023 1:56 PM UTC

Expert Reviewed

No.

 

"WHO MUST FILE Any corporation doing business within or deriving income from sources within Oklahoma is required to file an Oklahoma Corporation Income Tax Return, whether or not a tax is due." - 2022 Oklahoma Corporation Income and Franchise Tax Forms and Instructions. 

 

The excerpt is found on page 3 of the publication in the link provided by @Anonymous_:

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"