This is a legal form that was released by the Oklahoma Tax Commission - a government authority operating within Oklahoma. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is OTC Form 561S?
A: OTC Form 561S is a form for claiming the capital gain deduction for nonresident shareholders.
Q: Who is eligible to use OTC Form 561S?
A: Nonresident shareholders whose income is reported on Form 512-s, Part 1 - Oklahoma are eligible to use OTC Form 561S.
Q: What is the purpose of OTC Form 561S?
A: The purpose of OTC Form 561S is to claim the capital gain deduction for nonresident shareholders.
Q: What is the capital gain deduction?
A: The capital gain deduction is a deduction that reduces the taxable amount of capital gains.
Form Details:
Download a fillable version of OTC Form 561S by clicking the link below or browse more documents and templates provided by the Oklahoma Tax Commission.