Looking for a Oklahoma Tax Forms And Templates? Download it for free!

Revised 2004

Supplement to Form 511NR

511nr-nol

Oklahoma Net Operating Loss(es)

Intervening Year _______

Nonresident/Part-Year Residents Only

NOL Year _______________

Taxpayer Social Security Number

511NR-NOL

Taxpayer’s first name and initial

Last name

Schedule B

OKLAHOMA

Computation of Net Operating Loss Carryover/Back

“Oklahoma Amount Column”

The “Oklahoma Amount Column” NOL absorbed in each intervening year will be the amount of the modified Adjusted Gross

Income - Oklahoma Source. The modified Adjusted Gross Income - Oklahoma Source will be calculated using this worksheet. A

separate NOL Schedule B must be used for each year.

If the “Oklahoma Amount Column” NOL is carried into a year when the taxpayer is a full year resident, the NOL Schedule B for

Form 511 will be used.

Net Operating Loss Deduction. Enter here as a positive

number the NOL from NOL Schedule A, line

26. In succeeding year, enter amount from line III of

previous year’s NOL Schedule B.

........................................

To compute modified taxable income:

To compute Oklahoma Adjusted Gross Income

for the Intervening Year

Oklahoma Source Income

A1.

(For 2002, Form 511NR, line 18).

Oklahoma Additions.

(For 2002, from Schedule

511NR-A, Oklahoma Amount Column) Be sure to include

any Federal NOL carryover included in line A1 above.

............................................

A2.

(Enter as positive number)

Oklahoma Subtractions.

(For 2002, from Schedule

511NR-B, Oklahoma Amount Column) Be sure to exclude the

(

)

A3.

................

NOL for the NOL year entered above or later years.

Adjusted Gross Income before the NOL

deduction for the NOL year entered above.

......................................

A4.

(Combine lines A1 through A3)

Modifications: (For intervening year)

Oklahoma capital losses in excess of Oklahoma

capital gains (included in the net capital loss

limitation from Federal Sch. D).

.........................................................

(Note: Enter as a positive number.)

B1.

...................................

Section 1202 exclusion

(enter as a postive number)

B2.

Adjustments to Adjusted Gross Income

(attributable to income & deductions

from the Federal NOL carryover worksheet .......

B3.

in the Okla. Amount Column)

II.

Modified Oklahoma Adjusted Gross Income. (line A4

II.

plus lines B1, B2 and B3.) If zero or less, enter zero.

..............................................

III.

Oklahoma NOL carryover to the Oklahoma Amount Column.

(line I minus line II.) If zero or less, enter zero.

Enter on Form 511NR (For 2003, Sch. 511NR-B, line 7, Oklahoma Amount

III.

Column) or to Form 511. (For 2003, Sch. 511-A, line 7.)

A copy of your Federal return is required for the intervening year entered above.

Form 511nr-Nol - Supplement To Form 511nr - Oklahoma Net Operating Loss(Es) - Nonresident/part-Year Residents Only Page 4

Related Articles

Related forms

Related Categories