Problem with capital gains on Oklahoma NR return

Forum|Forum|1 year ago
March 2, 2025
3 replies
29 views

Filing Oklahoma state return. Entered 0 for portion of capital gains that apply to Oklahoma, but Turbo tax still requires details about each municipal fund that was sold including date acquired and FED ID #. The 1099 gives various for the date but the state form doesn't accept that. Why do I need to enter this if it doesn't apply to OK?

wendyjiAuthor

Level 2

To clarify, I am filing a non-resident tax return None of the capital gains are taxable in Oklahoma. They are all mutual funds and I never resided in Oklahoma.

AmyC

Level 15

I just tried recreating your issue. I didn't experience your issue and was able to enter zeroes for those items. If you had sale of business property, you would select the last option from the dropdown since the rest are all OK related sales. I made it through the review.

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santacruz

Level 2

I've had this problem for years. Last time it took the tax expert hours to sort through it. Big flaw in the TurboTax form and no real direction since it was stated at the beginning of the process that no part was attributed to Oklahoma.

To fix it do the following: for each stock trade go to Edit. Check the box that says it is not subject to exclusion (this is terribly unclear becuase it is being excluded). You can continue and type in $0 for the oklahoma portion, but not sure if this is necessary. Just hit the Back arrow and the selection will be saved. No need to try to continue on to enter aquired dates and other nonsense.

This worked for me.