Form 561s - Oklahoma Capital Gain Deduction - 2012

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State of Oklahoma
Oklahoma Capital Gain Deduction
561S
2
0
for the Nonresident Shareholder Whose Income
1
Is Reported on Form 512-S, Part 1
2
(Qualifying Assets Held for the Applicable Holding Period)
Federal Employer Identification Number
Corporate Name as Shown on Return
Social Security Number/Federal Employer Identification Number
Name of Nonresident Shareholder
Enter the Date(s) the Nonresident Shareholder Acquired Ownership in the S Corporation:
1. List qualifying Oklahoma capital gains and losses, not included on lines 2 and 3 below.
Shareholder’s Share
A1. Description of Property
B. Date
C. Date Sold
D. Proceeds
E. Cost or
or Disposed
(Sales Price)
Other Basis
Acquired
F. Gain or (loss)
(mm/dd/yy)
(mm/dd/yy)
Minus
Allocated /Ap-
A2. Oklahoma Location/Address
Adjustments
portioned to
or Federal ID Number
to Gain or Loss
Oklahoma
A1)
A2)
A1)
A2)
A1)
A2)
A1)
A2)
2.
Qualifying Oklahoma capital gain from installment sales reported on Federal Schedule D, line 11.
Enclose a copy of Federal Form 6252 ...............................................................................................
2
3.
Qualifying Oklahoma net capital gain or (loss) from like-kind exchanges reported on Federal
Schedule D, line 12. Enclose a copy of Federal Form 8824 .............................................................
3
4.
Qualifying Oklahoma net capital gain. Add amounts in column F on lines 1, 2 and 3.
4
(If zero or less, enter “0”) ...................................................................................................................
5.
Nonresident shareholder’s share of the net capital gain apportioned and allocated to Oklahoma ...
5
6.
Oklahoma Capital Gain Deduction. Enter the smaller of lines 4 or 5 here and on Form 512-S,
6
Part 1, line 1b. (Do not enter less than zero) .....................................................................................
Enclose Federal Form 1120S, Schedule D and Form(s) 8949

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