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Screen OKOthCr - Oklahoma Miscellaneous Credits (1040)

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Overview

Use this screen to complete Forms 511CR and 576.

Other Credits

Credits - Form 511CR
Enter amounts to complete Form 511CR. Carryovers may be tracked by entering amounts in the
Carryover refundable credit available for tax year
 field. These amounts will proforma to next year's UltraTax CS. For more information on other credits, see https://oklahoma.gov/tax/forms.html.
Refundable credits
Use this field to claim a refundable portion of a credit through Form 578 Refundable Credit for Zero-Emission Facilities on the return. You will also need to fill out the non-calculating form to be included with the return. These forms can be found in the
Non-calculating
 folder.

Natural Disaster Tax Credit

Oklahoma natural disaster
Enter the qualifying natural disaster which damaged or destroyed the Oklahoma residence. Qualifying Oklahoma natural disasters can be found on FEMA's website at www.fema.gov/disasters. The Declaration Type is
Major Disaster Declaration
.
Carryover refundable credit available for tax year
Amounts entered in these fields will be used to calculate the Natural Disaster Tax Credit on Form 511. The information is automatically proforma'd if Form 576 Natural Disaster Tax Credit was calculated in UltraTax CS in the prior year. Otherwise, manually enter the numbers from a prior year Form 576 to continue to claim the credit in tax years following the year the credit was originally taken.

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