Form 561f Draft - Oklahoma Capital Gain Deduction For Trusts And Estates - 2012

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Barcode Placement
State of Oklahoma
Oklahoma Capital Gain Deduction
561F
2
0
for Trusts and Estates Filing Form 513
1
2
(Qualifying Assets Held for the Applicable Holding Period)
Name as Shown on Return
Federal Employer Identification Number
1. List qualifying Oklahoma capital gains and losses, not included on lines 2 through 5 below.
B. Date
C. Date Sold
D. Sales Price
E. Cost or
F. Gain or (loss)
A1. Description of Property
Acquired
(mm/dd/yy)
Other Basis
A2. Oklahoma Location/Address
(mm/dd/yy)
or Federal ID Number
(See instructions)
A1)
A2)
A1)
A2)
A1)
A2)
A1)
A2)
2.
Qualifying Oklahoma capital gain from installment sales reported on Federal Schedule D, line 7.
2
Enclose a copy of Federal Form 6252 ..............................................................................................
3.
Other qualifying Oklahoma net capital gain or (loss) reported on Federal Schedule D, line 7,
3
not included on line 2 above. Enclose a copy of the applicable Federal form(s) ............................
4.
Qualifying Oklahoma net capital gain or (loss) from partnerships, S corporations, and other estates
or trusts reported on Federal Schedule D, line 8. (Complete the worksheet on page 2 and
4
enclose a copy of the Federal Schedule K-1) ..................................................................................
5.
Qualifying Oklahoma net capital gain from sale of business property reported on Federal Schedule
D, line 10. Enclose a copy of Federal Form 4797 (If gain/loss is from a Federal K-1, complete
5
the worksheet on page 2 and enclose a copy of the Federal Schedule K-1)................................
6
6.
Add amounts in Column F on line 1 and lines 2 through 5...................................................................
7
7.
Qualifying Oklahoma capital loss carryover reported on Federal Schedule D, line 11. ........................
8.
Qualifying Oklahoma net capital gain. Subtract line 7 from line 6.
Draft
8
(If zero or less, enter “0”) ......................................................................................................................
7/31/12
9.
Net capital gain included in Oklahoma income.
9
(If zero or less, enter “0”) ......................................................................................................................
10. Oklahoma Capital Gain Deduction. Enter the smaller of lines 8 or 9 here and on Form 513, Part 1,
10
Column B, line 17. (Do not enter less than zero) .................................................................................
Enclose Federal Form 1041, Schedule D

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