When TurboTax prompts you for the Oklahoma Capital Asset Location and Type for a loss pulling from Federal Schedule D, Line 8a, follow these steps:
Enter the description of the property exactly as it appears on your Federal Form 8949 or 1099-B.
Enter "Out of State" unless the bond was issued by an Oklahoma entity, in which case you should enter the specific Oklahoma city or agency.
Select the appropriate category (typically Type 4 for tangible personal property or Type 5 for intangible personal property).
If the loss is from an Oklahoma bond that is exempt from state tax, it may need to be "added back" or excluded from your Oklahoma net capital gain calculation. In the Oklahoma Capital Gain Deduction section, look for a line to add back "out-of-state capital losses" or "capital losses from the sale of state and municipal bonds exempt from Oklahoma income tax" to ensure the state calculation is accurate.
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