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March 27, 2024
Question

I have a capital gain deduction for oklahoma 511, can I get some help?

  • March 27, 2024
  • 1 reply
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1 reply

March 27, 2024

We'd love to help you complete your tax return, but need more information. Can you please clarify your question? To qualify for the Oklahoma deduction, the gain must be earned as a result of the sale of real or tangible personal property located within Oklahoma.

You can get a deduction from OK capital gains on your OK return using form 561.

 

Please check Oklahoma Resident Income Tax Return Form 511 Instructions. 

 

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