My wife and I are residents of Texas. Our only income from Oklahoma is from a trust. TurboTax asked about applying our IRA deductions to our Oklahoma income, which reduces it below the $1,000 requirement to file in Oklahoma. However, I cannot find anything on Oklahoma income tax deductions on their state tax website. Is that an appropriate deduction for non-residents?
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Yes, you can deduct a pro-rated amount as a nonresident. TurboTax does the calculation on the nonresident return. Directions for Line 17 of Schedule 511-NR-1 -Nonresident Oklahoma Tax Return says - Enter the total adjustments to income reported on your Federal Form 1040. Examples include penalty on early withdrawal of savings, IRA deduction, deduction for self-employment tax, and moving deduction. See image below of the Nonresident instructions, linked above.
Yes, you can deduct a pro-rated amount as a nonresident. TurboTax does the calculation on the nonresident return. Directions for Line 17 of Schedule 511-NR-1 -Nonresident Oklahoma Tax Return says - Enter the total adjustments to income reported on your Federal Form 1040. Examples include penalty on early withdrawal of savings, IRA deduction, deduction for self-employment tax, and moving deduction. See image below of the Nonresident instructions, linked above.
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