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 561NR?
A: OTC Form 561NR is a form used in Oklahoma to claim the Capital Gain Deduction for part-year and nonresidents filing Form 511NR.
Q: Who can use OTC Form 561NR?
A: Part-year residents and nonresidents in Oklahoma who are filing Form 511NR can use OTC Form 561NR to claim the Capital Gain Deduction.
Q: What is the Capital Gain Deduction?
A: The Capital Gain Deduction is a deduction available in Oklahoma for qualifying assets held for a certain period of time.
Q: What are qualifying assets for the Capital Gain Deduction?
A: Qualifying assets for the Capital Gain Deduction are assets that have been held for either a 2 or 5 year period.
Q: What is the purpose of OTC Form 561NR?
A: The purpose of OTC Form 561NR is to calculate and claim the Capital Gain Deduction for part-year and nonresidents in Oklahoma.
Form Details:
Download a fillable version of OTC Form 561NR by clicking the link below or browse more documents and templates provided by the Oklahoma Tax Commission.