Form 561-C - Oklahoma Capital Gain Deduction For Corporations Filing Form 512 - 2006
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1
2State of Oklahoma
Tax Year 2006
Oklahoma Capital Gain Deduction
561-C
for Corporations Filing Form 512
(Qualifying Assets Held for the Applicable 3 or 5 Year Period)
Federal Identification Number
Name as Shown on Return
1. List qualifying Oklahoma capital gains and losses, not included on lines 2 through 4 below.
A1. Description of Property
B. Date
C. Date Sold
D. Sales Price
E. Cost or
F. Gain or (loss)
Acquired
(mm/dd/yy)
Other Basis
Allocated/
A2. Oklahoma Location or
(mm/dd/yy)
Apportioned
Federal ID Number
to Oklahoma
A1)
A2)
A1)
A2)
A1)
A2)
A1)
A2)
A1)
A2)
A1)
A2)
A1)
A2)
A1)
A2)
2.
Qualifying Oklahoma net capital gain from sale of business property reported on Federal
2
Schedule D, line 7. Enclose Federal Form 4797 .........................................................................
3.
Qualifying Oklahoma capital gain from installment sales reported on Federal Schedule D,
3
line 8. Enclose Federal Form 6252 .............................................................................................
4.
Qualifying Oklahoma net capital gain or (loss) from like-kind exchanges reported on Federal
4
Schedule D, line 9. Enclose Federal Form 8824 .........................................................................
5
5.
Add amounts in column F on line 1 and lines 2 through 4 ..........................................................
6.
Qualifying Oklahoma capital loss carryover reported on Federal Schedule D, line 4.
6
(See instructions) ........................................................................................................................
7.
Qualifying Oklahoma net capital gain. Subtract line 6 from line 5.
7
(If zero or less, enter “0”) .............................................................................................................
8
8.
Net capital gain apportioned and allocated to Oklahoma ............................................................
9.
Oklahoma Capital Gain Deduction. Enter the smaller of lines 7 or 8 here and on Form 512,
9
Schedule A, column B, line 26 or on Schedule B, line 6. (Do not enter less than zero) ..............
Enclose Federal Form 1120, Schedule D
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