Hi,
I receive small royalties from OK but live in CO. Previous years I have not made enough money to justify filing an OK return. In 2018 I made enough to cover the cost OK Business state return, so I purchased TURBOTAX BUSINESS OK FIDUCIARY. After letting TT roll the info over it did not change my taxes at all. Was expecting TT to tell me I had some money coming from OK.
The form TT loaded is 513NR, "Non-resident Fiduciary Return of Income", however a relative who has their returns done by a professional used Form 511NR "OK non-resident/part year Form 511NR 2018".
Before I go any further down the rabbit hole thought perhaps a good idea to ask.
Thank you
Edit: Suppose looking at this logically, I had already accounted for the Royalties earned & taxes paid on them in Schedule E on the Federal form so, maybe purchasing the Oklahoma state Trust return does Not change the outcome?
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Oklahoma requires nonresidents to file an a tax return if you receive Oklahoma source income of at least $1000. Form 511NR is used to report the nonresident income for individuals. Form 513NR is used for Oklahoma source income of a nonresident trust or estate.
Think I can answer my own question: Non-resident Fiduciary is for Trusts & Estates, that is what TT wants me to use & so I did. Did not change my taxes.
Thnx
Oklahoma requires nonresidents to file an a tax return if you receive Oklahoma source income of at least $1000. Form 511NR is used to report the nonresident income for individuals. Form 513NR is used for Oklahoma source income of a nonresident trust or estate.
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