I reside in Oklahoma, I recently sold land in Texas. Do I need to pay Oklahoma Income tax on the profit from this sale?
If Yes, what is the tax rate on the profits?
I am a disabled veteran is there any wavier for paying taxes on Capital Gains for Federal Tax or Oklahoma Tax on property sales out of state?
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No, there is not an income exclusion for the sale of property at a gain on either on a federal or Oklahoma tax return if you are a disabled veteran.
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