Oklahoma Miscellaneous Other Additions-Oklahoma's Miscellaneous Other Additions are reported on Schedule 511-B (Oklahoma Additions) of Form 511.
Captive REIT Add-Back for Pass-Through Entities (PTEs)
- Enter Code 4 on Schedule 511-B if you are a member of a pass-through entity (PTE) subject to the Oklahoma captive real estate investment trust (REIT) add-back provisions.
- The adjustment may apply when a PTE is required to add back rent and interest expenses paid to a captive REIT in determining Oklahoma distributable income, or when a captive REIT is required to add back the dividends-paid deduction in determining Oklahoma taxable income.
- Enter your pro rata share of the applicable add-back and provide the PTE's name and federal identification number as required by the Schedule 511-B instructions.
For a full list see OK Form 511 or Form 511-NR instructions for the tax year
Source:
Form 511 - Schedule 511-B and 511-C (Oklahoma Department of Revenue)
Disclaimer: Always verify details with the most current Federal or State Department of Revenue Forms and Instructions. For complex tax situations, consult a CPA or tax attorney.