Form 511-NR from Turbotax Premier forms not correct

Forum|Forum|1 year ago
April 27, 2024
2 replies
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I submitted the forms produced to Oklahoma that Turbotax said I should get a refund of $152. Oklahoma says the amount of the return should be $30. Oklahoma gave me information on what lines were entered incorrectly by Turbotax. I called for support and was handed off to a tax expert who could only help me if I was filing online. I need support for the CD version. Any ideas on who I should contact for assistance?

Best answer by LenaH

As per the 1099, the Royalties were over $1,000. Is this not considered income? At any rate I selected the Top No and the Bottom Yes to see what would happen and the X is still in the Not Required to file. This is more a curiosity question but probably doesn't impact why the TurboTax fields are wrong.

I went to the article you referenced and it looks like deversd was supposed to be there best answer. I can get to the Oklahoma button below the Personal Info but nothing else matches what they describe after that.

To get to that screen. Open TurboTax, click on the STATE TAXES tab on the top (to the right of the FEDERAL TAXES tab). It should say “Let’s work on your state return.” Click on the Oklahoma button which is right below the “PERSONAL INFO” tab. “Federal Agency Bond Interest” question appears. I didn’t have this so I clicked no. The next screen is “Adjustments to Federal Income” click Done. The next page is “Summary of Oklahoma Capital Gains and Losses.” Then you click “Edit” for the gain/loss shown

Regarding 561-NR, here are the property types per the instructions:

Enter the number in the box which corresponds to the type of property sold:

Again, not sure why the options are only for OK since the OK Capital gains should all be zero. Turbotax did set the values for OK to zero so it should be OK but I was hoping you might recommend a good value for A3. My guess would be 1 because it was stocks, even though they were not OK stocks.

Here is what I got back from Oklahoma.

The reason I blacked out my personal information on the turbotax forms was so you could see what Turbotax filled out. In summary,

511-NR

1. OK zero

2. both set to adjusted income

13. zero

17. zero

18. a blank, b blank % blank

19. zero

25. both $152

31. $152 not listed on OK adjusted

32. zero not listed on OK adjusted

33. $152 not listed on OK adjusted

34. $152 not listed on OK adjusted

38. $152 $30 on OK adjusted

Hope this helps.

Your issue doesn't seem to be capital gains. It appears that the difference is the $3,036. Oklahoma is adjusting that as taxable, whereas your return had zero listed on Line 1 (Oklahoma source income). Since the royalties are taxable to the state, the adjustment made by the state is correct.

You are required to allocate the Oklahoma sourced income items to the state on the screens, Oklahoma Income. If no number is entered under the Oklahoma amount, then nothing will be on the return as taxable.

Go back through the screens and allocate your royalty income to Oklahoma. An example of this screen is attached below. In this example, I entered a royalty of $5,000 and there was a depletion deduction taken. The total nets out to $4,250. This amount flowed to the Oklahoma nonresident return.

@jschimmer

JotikaT2

Can you clarify what the issue is? Did you file your Oklahoma return? If so, was your return adjusted by Oklahoma?

Or are you trying to complete your return and have a questions on the input?

If your return was already filed, the state of Oklahoma should mail you information explaining any changes made to your tax returns as filed.

Oklahoma does offer a site to track your refund on this website.

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jschimmerAuthor

As my original post said, I submitted the TurboTax printed form to OK and OK said they were not correct. Yes OK adjusted the return. I would like to know why TurboTax did the forms wrong. And what they should have been. I paid extra for OK non resident and it should work correctly.

LenaH

In order to assist you, we will need more information about your situation as we cannot see your return or the adjustment letter from Oklahoma. Please provide that information so we can assist you further.

@jschimmer

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