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Screen OKNRPY-2 - Oklahoma Part-year Resident and Nonresident Adjustments (1040)

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Overview

Use this screen to complete Form 511-NR. If information transferred from UltraTax/1040 doesn't require additional data or coding, UltraTax/1040-OK shows it on the form only, not in the screen.
note
This screen appears only if you mark the state return as a part-year or nonresident return. To do so, select
File
,
Client Properties
,
Oklahoma
 tab, and verify the part-year resident or nonresident checkbox is marked.

Adjustments

Use this section to complete portions of Form 511-NR. UltraTax CS automatically calculates the Oklahoma adjustments from entries in the federal screens, based on the designated state postal code.
Military wages instate - Tp / Sp
Use these fields to force the amount of the military pay exclusion. UltraTax CS automatically calculates the amount of military pay exclusion from information entered in the federal
W2
 screen. Use code
2
 in
Wage code
 to indicate military wages and code
4
 to indicate National Guard wages.
Qualified adoption expense
Use the statement window to enter information supporting the deduction for nonrecurring adoption expenses. UltraTax CS limits the deduction to the amount enabled by law.
College savings plan (Force)
Use this field to override the calculated OK 529 College Savings Plan or OklahomaDream Account amount to be included on Schedule 511NR-C. UltraTax CS uses the information entered in the federal
1099Q
 screen with State use code 8 to automatically calculate this amount.
Deduction for foster care
UltraTax CS limits this deduction to the amount enabled by law.
Med savings plan contr / interest (Force)
Use this field to enter the amount of savings plan contributions or savings plan interest that should be subtracted from Oklahoma income. If the taxpayer took a medical savings account deduction to arrive at federal adjusted gross income, the taxpayer can't take a deduction on this line.
Discharge of farmers debt
Enter the amount of income resulting from the discharge if indebtedness incurred to finance the production of agricultural products. This amount is subtracted from Oklahoma adjusted gross income.

AGI Worksheet State Amounts

Use this section to adjust amounts in the State Amount columns on the Oklahoma AGI Worksheet.
Schedule D (Force)
For part-year and nonresident returns, use these fields to enter an amount different from the calculated amount in the State Amount columns of the Oklahoma AGI Worksheet for the Capital gain / loss line. UltraTax CS automatically calculates the in-state amounts of capital gain / loss.
These calculated amounts are based on the postal codes entered in UltraTax/1040 for Schedule D related items. Returns with PAL and basis adjustments, and PAL and capital loss carryovers should be reviewed for Schedule D as well as Form 4797 in-state amounts.
Form 4797 (Force)
For part-year and nonresident returns, use these fields to enter an amount different from the calculated amount in the State Amounts columns of the Oklahoma AGI Worksheet for the Other gain / loss line. UltraTax CS automatically calculates the in-state amounts for federal Form 4797, Part II.
These calculated amounts are based on the postal codes entered in UltraTax/1040 for Form 4797, Part II related items. Returns with PAL and basis adjustments should be reviewed for Form 4797 and Schedule D in-state amounts.
Schedule E (Force)
For part-year and nonresident returns, use these fields to enter an amount different from the calculated amount in the State Amounts columns of the Oklahoma AGI Worksheet for the Rents, royalties line. UltraTax CS automatically calculates the in-state amounts for federal Schedule E.
These calculated amounts are based on the postal codes entered in UltraTax/1040 for Schedule E related items. Returns with PAL, basis, and at-risk adjustments should be reviewed for Schedule E in-state amounts.
Net operating loss carryover
For part-year and nonresident returns, use these fields only when completing the State Amounts columns of the Oklahoma AGI Worksheet for the Net operating loss carryover included in the Other income line.
UltraTax CS defaults the amount of net operating loss carryover in the Federal Amounts column to the taxpayer when the federal filing status is married filing joint. The portion of the federal net operating loss carryover to this state should be entered in the
Net operating loss carryover: Taxpayer / Spouse
 fields.

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