Form 511nr - Oklahoma Nonresident/ Part-Year Income Tax Return - 2012 Page 18
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42Schedule 511NR-B
B1
B4
Interest on U.S. Obligations
Military Retirement
Federal Amount column - If you report interest on
Federal Amount column - Each individual may exclude
bonds, notes and other obligations of the U.S. govern-
the greater of 75% of their military retirement benefits
ment on your Federal return, this income may be exclud-
or $10,000, but not to exceed the amount included in
ed if a detailed schedule is furnished, accompanied with
the Federal Adjusted Gross Income. Military retirement
1099s showing the amount of interest income and the
benefits are those benefits received by an individual
name of the obligation from which the interest is earned.
from any component of the Armed Forces of the United
If the income is from a mutual fund which invests in
States.
U.S. government obligations, enclose documentation
Oklahoma Amount column - Each individual may
from the mutual fund to substantiate the percentage of
exclude 75% of their military retirement benefits sourced
income derived from obligations exempt from Oklahoma
to Oklahoma or $10,000, whichever is greater. “Sourced to
tax. Interest from entities such as FNMA & GNMA does
Oklahoma” means the military retirement benefits entered
not qualify.
on Form 511NR, line 10, in the “Oklahoma Amount” column.
Note: The capital gain/loss from the sale of an U.S.
Military retirement benefits are those benefits received by
Government Obligation is exempt. Enter exempt gains
an individual from any component of the Armed Forces of
the United States.
on Schedule 511NR-B, line 11, and exempt losses on
Schedule 511NR-A, line 7.
Oklahoma Government or Federal Civil Service
B5
Retirement
Oklahoma Amount column - Enter that part of the
Federal Amount column - Each individual may exclude
“Federal Amount” column that represents U.S. Govern-
their retirement benefits up to $10,000, but not to exceed
ment interest included on Form 511NR, line 2, in the
the amount included in the Federal Adjusted Gross Income.
“Oklahoma Amount” column.
(To be eligible retirement income must be in your name.)
B2
The retirement benefits must be received from the follow-
Taxable Social Security
ing: the civil service of the United States*, the Oklahoma
Federal Amount column - Social Security benefits
Public Employees Retirement System of Oklahoma, the
received by an individual shall be exempt from taxable
Oklahoma Teacher’s Retirement System, the Oklahoma
income, to the extent such benefits are included in the
Law Enforcement Retirement System, the Oklahoma
Federal Adjusted Gross Income.
Firefighters Pension and Retirement System, the Oklahoma
Oklahoma Amount column - Enter that part of the
Police Pension and Retirement System, the Employee
“Federal Amount” column that represents Social Security
retirement systems created by counties pursuant to 19 OS
benefits exempt by statute included on Form 511NR, line
Sec. 951, the Uniform Retirement System for Justices and
14, in the “Oklahoma Amount” column.
Judges, the Oklahoma Wildlife Conservation Department
Retirement Fund, the Oklahoma Employment Security
B3
Federal Civil Service Retirement in Lieu of Social
Commission Retirement Plan, or the Employee retirement
Security
systems created by municipalities pursuant to 11 OS Sec.
Federal Amount column - Each individual may ex-
48-101 of the Oklahoma Statutes. (Enclose a copy of Form
clude 100% of their retirement benefits received from the
1099-R.)
Federal Civil Service Retirement System (CSRS), includ-
ing survivor benefits, paid in lieu of Social Security to the
* Do not include on this line the CSRS retirement benefits
extent such benefits are included in the Federal Adjusted
already excluded on Schedule 511NR-B, line 3.
Gross Income. Enter your Retirement Claim Number from
Note: An early distribution from a retirement fund due to
your Form CSA 1099-R or CSF 1099-R in the box on
termination of employment prior to retirement or disability
Schedule 511NR-B, line 3. Enclose a copy of Form CSA
does not qualify for the $10,000 retirement income exclu-
1099-R or CSF 1099-R with your return. To be eligible,
sion. Generally, there is a “1” in box 7 of your Form 1099-R
such 1099-R must be in your name.
for this type of distribution. This distribution may qualify
Note: Retirement benefits paid under the Federal Em-
for the “Other Retirement Income” exclusion on Schedule
ployees Retirement System (FERS) do not qualify for
511NR-B, line 6.
this exclusion. However, for retirement benefits contain-
Oklahoma Amount column - Enter all or part of the
ing both a FERS component and a CSRS component,
amount reported in the “Federal Amount” column that
the CSRS component will qualify for the exclusion.
represents the income that is included on Form 511NR, line
Provide substantiation for the CSRS component.
10, in the “Oklahoma Amount” column. This exclusion is not
prorated.
Oklahoma Amount column - Each individual may ex-
clude 100% of their CSRS retirement benefits included
on Form 511NR, line 10, in the “Oklahoma Amount”
column.
(continued on page 19)
18
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