Form 505 - Oklahoma Injured Spouse Claim And Allocation Page 2
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2Form 505: Injured Spouse Claim and Allocation - Page 2
Name(s)
Your Social
shown
Security
on return:
Number:
Part 2: Allocation Between Spouses of Items on the Joint Tax Return
(a) Amount Shown
(b) Allocated to
(c) Allocated to
Allocated Items
Injured Spouse
Other Spouse
on Joint Return
5. Income. Enter the separate income that each spouse earned.
Allocate joint income, such as interest earned on a joint bank
account, as you determine. But be sure to allocate all income
shown on the joint return.
a Wages.................................................................................
b All other income. Identify the type and amount:
6. Adjustments to income. Enter each spouse’s separate ad-
justments, such as an IRA deduction. Allocate other adjust-
ments as you determine ......................................................
7. Adjustments from Oklahoma adjusted gross income.
Enter each spouse’s separate adjustments, such as a
military pay exclusion. Allocate other adjustments as you
determine ...........................................................................
8. Oklahoma Standard deduction. If you itemized your deduc-
tions, go to line 9. Otherwise, enter in both columns (b) and
(c) 1/2 of the amount shown in column (a) and go to
line 10 ................................................................................
9. Itemized deductions. Enter each spouse’s separate deduc-
tions, such as employee business expenses. Allocate other
deductions as you determine .............................................
10. Number of exemptions. Allocate the exemptions claimed on
the joint return to the spouse who would have claimed them
if separate returns had been filed. Enter whole numbers only
(for example, you cannot allocate 3 exemptions by giving
1.5 exemptions to each spouse).........................................
11. Credits. Allocate credits to the spouse who had the business
or the income. Allocate any child care/child tax credit or sales
tax relief credit claimed for a dependent to the spouse who
has been allocated the dependent’s exemption. Allocate any
other credits as you determine ...........................................
12. Oklahoma income tax withheld. Enter Oklahoma income
tax withheld from each spouse’s income as shown on Forms
W-2 and 1099s. Be sure to enclose copies of these forms
with Form 505. ..................................................................
13. Payments. Allocate joint estimated tax payments as you
determine ...........................................................................
Note: The Oklahoma Tax Commission will figure the amount of any refund due the injured spouse.
Part III: Signature
Under penalties of perjury, I declare I have examined this form and any accompanying schedules or statements and to the best of my knowledge and
belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Injured Spouse’s
Keep a copy of
Date
Phone Number (optional)
this form for
Signature:
your records
(
)
Preparer’s PTIN
Preparer’s
Date
Check if
Paid
self-employed
Signature:
Preparer’s
Firm’s name (or yours
EIN
Use Only
if self-employed) and
address
Zip Code
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