Form 513nr - Oklahoma Nonresident Fiduciary Return Of Income - 2012 Page 7
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20Line by Line Instructions
Oklahoma Capital Gain Deduction (continued)...
Line 29 - Credits:
Other Credits Form:
Oklahoma Amount column:
Enter the amount from Form 561NR-F, Line 10 in the
Please review Form 511CR for available credits. Enter
in the box the number that corresponds with the credit to
Oklahoma Amount column.
which you are entitled. If you qualify for more than one
Line 16 - Income Distribution Deduction:
type of credit, enter “99” in the box. Enclose Form 511CR
and any supporting documentation required.
For those nonresident beneficiaries, for whom the trust is
paying the tax, do not show an income distribution in either
Tax credits transferred or allocated must be reported on
the Federal Amount or Oklahoma Amount columns.
OTC Form 569. Failure to file Form 569 will result in the
affected credits being denied by the OTC pursuant to 68
Federal Amount column:
OS Sec. 2357.1A-2.
Enter the Federal distribution deduction, less amounts
attributed to interest on U.S. obligations and Oklahoma
Line 31 - Oklahoma Estimated Tax Payments:
depletion. Add to the distribution deduction amounts at-
See general instructions as to who is required to make
tributed to state and municipal bond interest or other addi-
estimated tax payments. Estates are not required to make
tions.
estimated tax payments. Place an ‘X’ in the box if you com-
puted your estimated tax payments based on an annual-
ized method.
Oklahoma Amount column:
Enter the net amount of Oklahoma income distributed.
Do not include on this line any withholding paid on behalf
of your beneficiaries on Form WTP10005 (formerly Form
Complete Part 2, Pages 3 and/or 4 “Oklahoma Schedule
OW-9-EW) or Form WTP10003 (formerly Form OW-9-C).
K-1” for all Oklahoma resident beneficiaries and for those
Such withholding will be reported to your nonresident ben-
nonresident beneficiaries for whom the tax is not being
eficiary on Form 500-B. To claim such withholding at the
paid at the trust level.
fiduciary level, it should be claimed on line 33, “Oklahoma
Withholding”.
Line 19 - Oklahoma Income Percentage:
Divide line 18 by 18a, but do not enter more than 100%, to
Line 32 - Payments with Extension:
arrive at the applicable percentage that Oklahoma adjusted
See general instructions for information about filing with an
total income represents of all Federal total income received
extension.
by the taxpayer in the tax year. The Oklahoma Income Per-
centage shall be multiplied by the amount of tax from the
Line 33 - Oklahoma Withholding:
tax table in order to determine the amount of income tax
If you had Oklahoma income tax withheld from royalty
which must be paid to the State of Oklahoma.
payments, which were paid to you as a nonresident royalty
owner, enclose your Form 1099-MISC or Form 500-A to
Line 20 - Interest, Taxes, Fiduciary Fees,
substantiate the withholding.
Attorney, Accountant and Return Preparer Fees:
To claim withholding at the fiduciary level, enter the with-
Enter the amount claimed on the Federal return less the
holding on this line.
amounts applicable to interest on U.S. obligations. Add to
the deductions amounts attributed to state and municipal
To transfer part of the withholding to the beneficiaries, sub-
bond interest or other additions. The fiduciary, attorney,
tract the amount transferred and enter the difference on
accountant and preparer fees as reported on the Federal
this line. Enter the amount transferred to each beneficiary’s
estate tax return can now be used as there is no longer a
Oklahoma Schedule K-1, line 12.
filing requirement for Oklahoma Form 454. A statement of
waiver is no longer required.
To transfer all of the withholding to the beneficiaries, enter
each beneficiary’s share of the withholding on an Okla-
Line 21 - Federal Estate Tax Deduction,
homa Schedule K-1, line 12. Do not enter any amount
Charitable Income Distribution & Other Deductions:
on this line.
Enter the amount claimed on the Federal return less the
amounts applicable to interest on U.S. obligations. Add to
Line 36 - Credit on Estimated Tax:
the deduction amounts attributed to state and municipal
Enter amount of refund you wish to apply to next year’s
bond interest or other additions.
taxes. This line is not valid on amended returns. This
line cannot be amended or changed once the original
Line 22 - Exemption:
return has been processed.
Enter the Federal exemption claimed on the Federal
return.
Line 26 - Tax:
Oklahoma tax assistance, forms, FAQs,
Using line 25, find your tax in the Fiduciary Tax Table.
payment options and much more,
all available 24/7.
(continued on page 8)
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