Form 561s Draft - Oklahoma Capital Gain Deduction For The Nonresident Shareholder - 2009
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3Barcode Placement
State of Oklahoma
Oklahoma Capital Gain Deduction
561S
2
0
for the Nonresident Shareholder Whose Income
0
Is Reported on Form 512-S, Part 1
9
(Qualifying Assets Held for the Applicable Holding Period)
Corporate Name as Shown on Return
Federal Identification Number
Name of Nonresident Shareholder
Social Security Number / Federal Identification Number
Enter the Date(s) the Nonresident Shareholder Acquired Ownership in the S Corporation:
1. List qualifying Oklahoma capital gains and losses, not included on lines 2 and 3 below.
Shareholder’s Share
A1. Description of Property
B. Date
C. Date Sold
D. Sales Price
E. Cost or
Acquired
(mm/dd/yy)
Other Basis
F. Gain or (loss)
(mm/dd/yy)
Allocated /Ap-
A2. Oklahoma Location/Address
portioned to
or Federal ID Number
Oklahoma
A1)
A2)
Draft
A1)
8/12/09
A2)
A1)
A2)
A1)
A2)
2.
Qualifying Oklahoma capital gain from installment sales reported on Federal Schedule D, line 8.
Enclose a copy of Federal Form 6252 ...............................................................................................
2
3.
Qualifying Oklahoma net capital gain or (loss) from like-kind exchanges reported on Federal
Schedule D, line 9. Enclose a copy of Federal Form 8824 ...............................................................
3
4.
Qualifying Oklahoma net capital gain. Add amounts in column F on lines 1, 2 and 3.
4
(If zero or less, enter “0”) ...................................................................................................................
5.
Nonresident shareholder’s share of the net capital gain apportioned and allocated to Oklahoma ...
5
6. Oklahoma Capital Gain Deduction. Enter the smaller of lines 4 or 5 here and on Form 512-S,
6
Part 1, line 1b. (Do not enter less than zero) .....................................................................................
Enclose Federal Form 1120S, Schedule D
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