Form 561f - Oklahoma Capital Gain Deduction For Trusts And Estates - 2011
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State of Oklahoma
Oklahoma Capital Gain Deduction
561F
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for Trusts and Estates Filing Form 513
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(Qualifying Assets Held for the Applicable Holding Period)
Name as Shown on Return
Federal Employer Identification Number
1. List qualifying Oklahoma capital gains and losses, not included on lines 2 through 5 below.
B. Date
C. Date Sold
D. Sales Price
E. Cost or
F. Gain or (loss)
A1. Description of Property
Acquired
(mm/dd/yy)
Other Basis
A2. Oklahoma Location/Address
(mm/dd/yy)
or Federal ID Number
(See instructions)
A1)
A2)
A1)
A2)
A1)
A2)
A1)
A2)
2.
Qualifying Oklahoma capital gain from installment sales reported on Federal Schedule D, line 7.
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Enclose a copy of Federal Form 6252 ..............................................................................................
3.
Other qualifying Oklahoma net capital gain or (loss) reported on Federal Schedule D, line 7,
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not included on line 2 above. Enclose a copy of the applicable Federal form(s) ............................
4.
Qualifying Oklahoma net capital gain or (loss) from partnerships, S corporations, and other estates
or trusts reported on Federal Schedule D, line 8. (Complete the worksheet on page 2 and
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enclose a copy of the Federal Schedule K-1) ..................................................................................
5.
Qualifying Oklahoma net capital gain from sale of business property reported on Federal Schedule
D, line 10. Enclose a copy of Federal Form 4797 (If gain/loss is from a Federal K-1, complete
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the worksheet on page 2 and enclose a copy of the Federal Schedule K-1)................................
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6.
Add amounts in Column F on line 1 and lines 2 through 5...................................................................
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7.
Qualifying Oklahoma capital loss carryover reported on Federal Schedule D, line 11. ........................
8.
Qualifying Oklahoma net capital gain. Subtract line 7 from line 6.
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(If zero or less, enter “0”) ......................................................................................................................
9.
Net capital gain included in Oklahoma income.
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(If zero or less, enter “0”) ......................................................................................................................
10. Oklahoma Capital Gain Deduction. Enter the smaller of lines 8 or 9 here and on Form 513, Part 1,
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Column B, line 17. (Do not enter less than zero) .................................................................................
Enclose Federal Form 1041, Schedule D
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