Oklahoma Administrative Code
Title 710 - Oklahoma Tax Commission
Chapter 50 - Income
Subchapter 15 - Oklahoma Taxable Income
Part 5 - OTHER ADJUSTMENTS TO INCOME
Section 710:50-15-52 - Out-of-state income

Universal Citation: OK Admin Code 710:50-15-52

Current through Vol. 42, No. 1, September 16, 2024

(a) For residents, "out-of-state income" consists of income from real or tangible personal property or business income in another state. Any amount deducted must be substantiated with the appropriate Federal schedule which sets out the Oklahoma portion.

(b) Losses sustained from property owned or from a business located outside the State of Oklahoma must be added to Federal adjusted gross income to arrive at Oklahoma adjusted gross income.

(c) Out-of-State income is limited to the net income from real or tangible personal property or net business income in another state. [See: 68 O.S. § 2358(A)(4) ]

Amended at 17 Ok Reg 2669, eff 6-25-00

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