I have a rental property in Oklahoma but I don't live there. Why is Turbo tax trying to make me fill out Capital Gains/Losses on my NR Oklahoma return?

Forum|Forum|1 year ago
February 18, 2025
1 reply
0 views

I have assets sold in another state so these assests are on my federal return. However, I haven't lived in OK at all during this time and yet Turbo Tax is trying to force me to put these capital gains on my OK return and they only qualify as "exclusions" if it's the sale of Oklahoma property. I've seen many other posts of a similar issue without real resolution from TurboTax.

MAK70

Unfortunately, TurboTax is programmed to bring over all capital gains and requires users to exclude any that do not qualify for the exclusion. Oklahoma has an exclusion from income for capital gains from Oklahoma sources, but it transferred all capital gains from the federal return.

rgillen1Author

This would be fine except there are only two options for Oklahoma:

1) Check the box that says "this item does NOT qualify for exclusion" (which it does)

2) Put in an Oklahoma address for it and which of the three exclusion categories it qualifies for:

"1) Real or tangible personal property located within Oklahoma must be owned for at least five years prior to the date of sale.
2) Stock or ownership in an Oklahoma company, or partnership, owned for at least two years prior to the date of sale.
3) Sale of real property or personal property as part of the sale of assets in an Oklahoma company owned for at least two years prior to the date of sale."

I do not see any way to exclude it from my return if TurboTax is incorrectly populating this form automatically.