Form 574 Draft - Resident/nonresident Allocation

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2016 Form 574 - Page 2

Oklahoma Resident/Nonresident Allocation

Part II:

Itemized Deductions

Round to the nearest dollar

from Federal Schedule A

Federal Amount

Resident Amount

Nonresident Amount

Medical and Dental Expenses

Medical and dental expenses ..........

Enter your Federal adjusted gross

income .............................................

Multiply line 2 above by 10% (.10)

[Or 7.5% (.075) if you or your spouse

were born before January 2, 1952] ..

Subtract line 3 from line 1.

If line 3 is more than line 1, enter “0”.

Taxes You Paid

State and local taxes .......................

Real estate taxes .............................

Personal property taxes .................

Other taxes: List type and amount:

___________________________ ..

Add lines 5 through 8 ......................

Interest You Paid

Home mortgage interest and points

reported to you on Form 1098 .........

Draft

Home mortgage interest not reported

to you on Form 1098 .......................

9/6/16

Points not reported to you on Form

1098 ................................................

Mortgage insurance premiums ........

Investment interest ..........................

Add lines 10 through 14 ..................

Gifts to Charity

Gifts by cash or check .....................

Gifts by other than cash or check ....

Carryover from prior year ................

Add lines 16 through 18 ..................

Casualty and Theft Losses

Casualty or theft loss(es) ................

Job Expenses and Most Other

Miscellaneous Deductions

Unreimbursed employee

expenses - job travel, union dues,

job education, etc. ...........................

Tax preparation fees ........................

Other expenses - investment, safe

deposit box, etc. ..............................

Add lines 21 through 23 ..................

Enter Federal adjusted gross income

Multiply line 25 above by 2% (.02) ..

Subtract line 26 from line 24. If line

26 is more than line 24, enter “0” ....

Other Miscellaneous Deductions

Other. List type and amount:

____________________________ .

Total Itemized Deductions

Is your Federal adjusted gross

income over $155,650? ...................

No: Your deduction is not limited. Add lines 4, 9, 15, 19, 20, 27 and 28. Enter the total on line 29.

Yes: Your deduction may be limited. On line 29, enter the amount from the Federal Itemized Deductions Worksheet.

Form 574 Draft - Resident/nonresident Allocation - 2016 Page 2

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