Filing as a nonresident in Oklahoma. In the adjustments to Income section I am asked to enter the Oklahoma portion of the federal adjustments. How do I figure this out?
Filing as a nonresident in Oklahoma. In the adjustments to Income section I am asked to enter the Oklahoma portion of the federal adjustments. How do I figure this out?
If you can identify when the income was earned, you can allocate it by date received- for example, if you moved to Oklahoma in June and received interest income in July, you would allocate that entire amount to Oklahoma. If you received the income ratably throughout the year, you can apply a percentage based on time- for example, you worked for the same company for $52,000 salary. You would allocate 58% (7 months) to Oklahoma.
Thanks for the reply. Earlier in the process I was asked how much of my W2 and self-employment income were earned in Oklahoma and I filled that out just fine. Am I now adding the two together and putting them in this new Oklahoma amount box? I've attached a screenshot of the page I'm trying to fill out. Thank you.
Schedule 1 is a list of additional income items that are added to your return. Gambling income, miscellaneous income, rental income and business income. All of those things. You need to figure out how you earned this $1515 and whether any of it was earned from Oklahoma sources. Since you are a non-resident probably none of it was but only you know that for sure.