State of Oklahoma
Oklahoma Capital Gain Deduction
561C
2
0
for Corporations Filing Form 512
1
4
(Qualifying Assets Held for the Applicable 3 or 5 Year Period)
Federal Employer 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. Proceeds
E. Cost or Other
F. Gain or (loss)
Acquired
or Disposed
(Sales Price)
Basis Minus
Allocated/
A2. Oklahoma Location/Address
(mm/dd/yy)
Adjustments
Apportioned
(mm/dd/yy)
or Federal ID Number
to Gain or Loss
to Oklahoma
A1)
A2)
A1)
A2)
A1)
A2)
A1)
A2)
2.
Qualifying Oklahoma net capital gain from sale of business property reported on Federal
Schedule D, line 11. Enclose Federal Form 4797 .......................................................................
2
3.
Qualifying Oklahoma capital gain from installment sales reported on Federal Schedule D,
3
line 12. Enclose Federal Form 6252 ............................................................................................
4.
Qualifying Oklahoma net capital gain or (loss) from like-kind exchanges reported on Federal
4
Schedule D, line 13. Enclose Federal Form 8824 .......................................................................
5.
Add amounts in column F on line 1 and lines 2 through 4 ...........................................................
5
6.
Qualifying Oklahoma capital loss carryover reported on Federal Schedule D, line 6.
(See instructions) .........................................................................................................................
6
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 and Form(s) 8949