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Form 561p - Oklahoma Capital Gain Deduction For The Nonresident Partner Included In The Composite Return - 2010

State of Oklahoma

Oklahoma Capital Gain Deduction

561P

for the Nonresident Partner Included

in the Composite Return (Form 514, Part 1)

(Qualifying Assets Held for the Applicable Holding Period)

Partnership Name as Shown on Return

Federal Identification Number

Name of Nonresident Partner

Social Security Number / Federal 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

E. Cost or

A1. Description of Property

B. Date

C. Date Sold

D. Sales

Federal

Oklahoma

Other

Acquired

(mm/dd/yy)

Price

Amount

Basis

(mm/dd/yy)

A2. Oklahoma Location/Address

F. Gain or

G. Gain or

or Federal ID Number

(loss)

A1)

A2)

A1)

A2)

A1)

A2)

A1)

A2)

Qualifying Oklahoma capital gain from installment sales reported on Federal Schedule D,

line 9. Enclose a copy of Federal Form 6252 ...............................................................................

Other qualifying Oklahoma net capital gain or (loss) from like-kind exchanges reported

on Federal Schedule D, line 10. Enclose a copy of Federal Form 8824 ......................................

Qualifying Oklahoma net capital gain or (loss) from partnerships, estates or trusts

reported on Federal Schedule D, line 11. (Complete the worksheet on page 2 and enclose a

copy of the Federal Schedule K-1))..............................................................................................

Qualifying Oklahoma net capital gain. Add amounts in Columns F and G on line 1 and lines 2

through 4. (If zero or less, enter “0”).............................................................................................

Net capital gain.

(See instructions) (If zero or less, enter “0”) .................................................................................

7. Oklahoma Capital Gain Deduction. Enter the smaller of lines 5 or 6.

(Do not enter less than zero) ........................................................................................................

Enclose Federal Form 1065, Schedule D

Form 561p - Oklahoma Capital Gain Deduction For The Nonresident Partner Included In The Composite Return - 2010

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