Below is a list of income that needs to be added to your Oklahoma return. Oklahoma Additions to income are reported on Schedule 511-B.
State and Municipal Bond Interest
Income on bonds issued by a state or political subdivision that are not taxable on the federal return but are taxable to Oklahoma.
Out-of-State Losses
Losses from an out-of-state business, or rental/sale of out-of-state property must be added back to Federal Adjusted Gross Income on the Oklahoma return.
Lump-Sum Distributions
Add back lump-sum distributions that are not included in the federal adjusted gross income amount.
Federal Net Operating Loss
Enter carryover(s) included on Federal Form 1040.
Recapture of Depletion Claimed on a Lease Bonus or Add Back of Excess Federal Depletion
Depletion claimed must be added back in the property was non-producing. See the instructions for further details and instructions for calculating the amount to enter.
Recapture of Contributions to Oklahoma 529 College Savings Plan and OklahomaDream 529 Accounts
If a contribution rollover is taken within one year of the contribution date, and a deduction was taken on the previous year's return, the amount of the rollover should be included in income.
If a non-qualified withdrawal of contributions was made for any year 2005 or later and a deduction was claimed in that year, the non-qualified withdrawal and its earnings would be included in income.
Oklahoma Loss Distributed by an Electing PTE
If you are a member (directly or indirectly) of an electing pass-through entity you will need to add the Oklahoma loss covered by the election in accordance to the Pass-Through Entity Act of 2019. You need to provide a schedule listing the electing PTE, the federal ID number, federal taxable income (or loss) and Oklahoma taxable loss (form 511, line 1) that is covered by this election. You need to also provide a copy of the OTC acknowledgement letter.
You will not be able to attach documents to this addition when e-filing, so the return must be printed and mailed along with supporting documentation.
Miscellaneous Other Oklahoma Additions
- Losses from sale of exempt govt obligations
- Swine/Poultry that deducted accelerated depreciation
- OK Refinery elected to expense the cost of property
- PTE add-back rent expenses or captive REIT
- Any additions not previously claimed
For additional information, see Oklahoma Instructions.