Form 561s - Oklahoma Capital Gain Deduction For The Nonresident Shareholder Whose Income Is Reported On Form 512-S, Part 1 - 2011

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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
1
(Qualifying Assets Held for the Applicable Holding Period)
Federal Employer Identification Number
Corporate Name as Shown on Return
Name of Nonresident Shareholder
Social Security Number/Federal Employer Identification Number
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.
A1. Description of Property
B. Date
C. Date Sold
D. Sales Price
E. Cost or
Shareholder’s Share
Acquired
(mm/dd/yy)
Other Basis
F. Gain or (loss)
(mm/dd/yy)
Allocated /Ap-
A2. Oklahoma Location/Address
portioned to
or Federal ID Number
Oklahoma
A1)
A2)
A1)
A2)
A1)
A2)
A1)
A2)
2.
Qualifying Oklahoma capital gain from installment sales reported on Federal Schedule D, line 8.
2
Enclose a copy of Federal Form 6252 ...............................................................................................
3.
Qualifying Oklahoma net capital gain or (loss) from like-kind exchanges reported on Federal
Schedule D, line 9. 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

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