Form 561p - Oklahoma Capital Gain Deduction For The Nonresident Partner Included In The Composite Return - 2016

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State of Oklahoma
Oklahoma Capital Gain Deduction
561P
2
0
for the Nonresident Partner Included
1
in the Composite Return (Form 514, Part 1)
6
(Qualifying Assets Held for the Applicable Holding Period)
Federal Employer Identification Number
Partnership Name as Shown on Return
Name of Nonresident Partner
Social Security Number/Federal Employer Identification Number
Enter the Date(s) the Nonresident Partner Acquired Ownership in the Partnership:
1. List qualifying Oklahoma capital gains and losses, not included on lines 2 through 4 below.
Partner’s Share
C. Date Sold
D. Proceeds
E. Cost or
A1. Description of Property
B. Date
Federal
Oklahoma
Other Basis
Acquired
or Disposed
(Sales Price)
minus
Amount
Amount
(mm/dd/yy)
(mm/dd/yy)
A2. Oklahoma Location/Address
Adjustments to
F. Gain or
G. Gain or
Gain or Loss
or Federal ID Number
(loss)
(loss)
A1)
A2)
A1)
A2)
A1)
A2)
A1)
A2)
2.
Qualifying Oklahoma capital gain from installment sales reported on Federal Schedule D,
2
line 11. Provide a copy of Federal Form 6252 ..............................................................................
3.
Other qualifying Oklahoma net capital gain or (loss) from like-kind exchanges reported
3
on Federal Schedule D, line 12. Provide a copy of Federal Form 8824.......................................
4.
Qualifying Oklahoma net capital gain or (loss) from partnerships, estates or trusts
reported on Federal Schedule D, line 13. (Complete the worksheet on page 2 and provide a
4
copy of the Federal Schedule K-1))..............................................................................................
5.
Qualifying Oklahoma net capital gain. Add amounts in Columns F and G on line 1 and lines 2
5
through 4. (If zero or less, enter “0”).............................................................................................
6.
Net capital gain.
6
(See instructions) (If zero or less, enter “0”) .................................................................................
7.
Oklahoma Capital Gain Deduction. Enter the smaller of lines 5 or 6.
7
(Do not enter less than zero) ........................................................................................................
Provide Federal Form 1065, Schedule D and Form(s) 8949

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