The Other Additions on the Oklahoma return are:
Losses from the sale of exempt government obligations:
Enter losses from the sale of exempt government obligations.
Swine/Poultry Producer who used accelerated depreciation:
Enter the difference in depreciation from your Oklahoma return to your Federal return. If you have taken the full depreciation on prior year returns, enter the entire Federal depreciation amount to avoid duplicate depreciation.
Oklahoma Refinery elected to expense the cost of property:
Partners and Shareholders of Oklahoma refinery ventures, enter the Federal depreciation expense for qualified refinery property that has been fully depreciated, for Oklahoma purposes, on a prior year return.
Pass-through entity (PTE) add-back rent expenses or captive Real Estate Investment Trust:
Enter the add-back amount if you were a PTE member that:
- Was required to add-back rents and interest expenses paid to a captive real estate investment trust when determining Oklahoma distributable income
- Was a captive real estate trust that was required to add-back the dividends-paid deduction when determining Oklahoma distributable income.
Any Additions not Previously Claimed:
Enter any additions not previously claimed. Provide a statement of explanation specifying the type of addition and Oklahoma Statute authorizing the addition, and verifying documents. This statement cannot be attached to the return electronically, so you will need to print and mail your return to include the statement.
Where do I enter this in the program?
To make an entry for any of these additions, go to the:
- State Section
- Edit Oklahoma state return
- Additions to Income
- Miscellaneous Other Additions