Form 511-Nol - Oklahoma Net Operating Loss Full-Year Residents Only

Download a blank fillable Form 511-Nol - Oklahoma Net Operating Loss Full-Year Residents Only in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form 511-Nol - Oklahoma Net Operating Loss Full-Year Residents Only with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

Supplement to Form 511
Oklahoma Net Operating Loss Full-Year Residents Only
Page 2
511nol
Taxpayer’s first name and initial
Last name
Taxpayer Social Security Number
Revised
2016
Schedule A
Computation of Oklahoma Net Operating Loss for Tax Year
1.
Oklahoma adjusted gross income from Form 511, line 7 ..............................................................................
1
2.
a.
Enter amount from the NOL Instructions: Computation of Itemized Deductions
or enter the Oklahoma Standard Deduction if you did not itemize .........................
2a
b.
Enter Total Adjustments to Oklahoma Adjusted Gross Income from
Schedule 511-C......................................................................................................
2b
(
)
c.
Add lines 2a and 2b ............................................................................................................................
2c
3.
Combine lines 1 and 2c. Enter the total here ................................................................................................
3
Note: If line 3 is zero or more, do not complete remainder of schedule. There is no net operating loss.
ADJUSTMENTS: Lines 4 - 26 are entered as positive numbers.
4.
Enter Oklahoma nonbusiness capital losses (before limitation). Also enter the
nonbusiness Oklahoma Capital Gain Deduction from Schedule 511-A ..................................
4
5.
Enter Oklahoma nonbusiness capital gains
..
(without regard to any IRC Section 1202 exclusion)
5
6.
If line 4 is larger than line 5, enter difference; otherwise enter zero ...................................
6
7.
If line 5 is larger than line 4, enter difference; otherwise enter zero ......
7
8.
Oklahoma nonbusiness deductions included in line 2a and 2b above, plus Oklahoma
nonbusiness deductions from Schedule 511-A (exclude capital gains) and Federal
nonbusiness adjustment from Federal return .....................................................................
8
9.
Oklahoma nonbusiness income - other than capital gains.
Combine Oklahoma nonbusiness income from Schedule 511-B and
Federal nonbusiness income from Federal return ................................
9
10.
Add lines 7 and 9 .............................................................................................................
10
11.
If line 8 is larger than line 10, enter difference; otherwise enter zero ............................................................
11
If line 10 is larger than line 8, enter difference (but do not
12.
enter more than line 7); otherwise enter zero ...................................
12
13.
Enter Oklahoma business capital losses (before limitation). Also enter
the business Oklahoma Capital Gain Deduction from Schedule 511-A ...........................
13
14.
Enter Oklahoma business capital gains (without regard to
any IRC Section 1202 exclusion) ........................................................
14
15.
Add lines 12 and 14 .........................................................................................................
15
16.
If line 13 is larger than line 15 enter difference; otherwise enter zero ..............................
16
17.
Add lines 6 and 16 ...........................................................................................................
17
18.
Enter the entire amount of the Oklahoma net loss, if any, included in line 16 of
Federal Schedule D .........................................................................................................
18
19.
IRC Section 1202 exclusion attributable to Oklahoma ..................................................................................
19
20.
Subtract line 19 from line 18. If zero or less, enter zero ...................................................
20
21.
Enter the entire amount of the Oklahoma net loss, if any, included in line 21 of
Federal Schedule D - or - If there is no amount on the Federal Schedule D, line 21,
but there is an amount on line 20 above, enter the amount from line 20 on this line .......
21
22.
If line 20 is more than line 21, enter difference; otherwise enter zero ..............................
22
23.
If line 21 is more than line 20, enter difference; otherwise enter zero ...........................................................
23
24.
Subtract line 22 from line 17. If zero or less, enter zero ................................................................................
24
25.
Oklahoma Net Operating Loss from other years and the Federal domestic production activities deduction
attributable to Oklahoma ...............................................................................................................................
25
26.
Combine lines 3, 11, 19, 23, 24, and 25 ........................................................................................................
26
Note: If more than zero, enter zero. You do not have a Net Operating Loss.
A copy of your Federal return is required for the loss year entered above.

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go
Page of 2