Oklahoma Oklahoma Net Operating Loss(es) - Nonresident/Part-Year Resident Only

Oklahoma Net Operating Loss(es) - Nonresident/Part-Year Resident Only
2022 Form 511-NR-NOL Oklahoma Net Operating Loss(es) Nonresident Part-Year Residents Only
FORM

Supplement to Form 511-NR

Oklahoma Net Operating Loss(es)
Nonresident/Part-Year Residents Only

511-NR-NOL

Revised 2022

For loss years 2016 and subsequent, use this form. Form 511-NR-NOL for 2015 and prior can be located using the Forms
link at tax.ok.gov.

NOL Instructions

The loss year return must be filed to establish the Oklahoma Net Operating Loss. If the loss is from a pass-through
entity, the pass-through entity must also file a tax return.
An Oklahoma net operating loss (NOL) shall be separately determined by reference to Section 172 of the Internal Revenue
Code (IRC) as modified by the Oklahoma Income Tax Act and shall be allowed without regard to the existence of a Federal
NOL. For additional information, use the instructions for Federal Form 1045 “Application for Tentative Refund” or Federal
Publication 536 “Net Operating Losses (NOLs) for Individuals, Estates, and Trusts.”
Oklahoma computes the base tax “as if” all the income were earned in Oklahoma. Therefore, an Oklahoma NOL is
computed based on the figures from the “Federal Amount Column.” This is the “Oklahoma NOL from all sources” and is
deducted in the “Federal Amount Column.”
The true Oklahoma NOL is computed using the figures from the “Oklahoma Amount Column.” This is the “Oklahoma
NOL from Oklahoma sources” and is deducted in the “Oklahoma Amount Column.” Note: If the taxpayer becomes a full-year
resident, this is the loss that would be carried to Form 511.
Each Oklahoma NOL is separately determined and allowed without regard to the existence of the other.
The loss carryback and carryforward periods shall be determined solely by reference to Section 172 of the IRC. An election may be made to forego the NOL carryback period by any taxpayer entitled to a carryback period. A written statement
of the election must be part of the timely filed Oklahoma loss year return or to an amended return for the NOL year filed
within six months of the due date of your original return (excluding extensions).
Notes:
	
A NOL that is a result of a farming loss may be carried back in accordance with the provisions contained in the IRC.
However, the amount of the NOL carryback shall not exceed the lesser of $60,000 or the loss properly shown on the
Federal Schedule F reduced by 1/2 of the net income from all other sources other than reflected on Schedule F.

Schedule A Oklahoma Amount Column Instructions

Oklahoma NOL from Oklahoma Sources (Oklahoma Amount Column)

The “Oklahoma NOL from Oklahoma sources” is computed using 511-NR-NOL Schedule A Oklahoma.
The Adjusted Gross Income (AGI) - Oklahoma Sources (511-NR) is to be reported on Schedule A, line 1. The following steps will be
used to calculate the itemized deductions attributable to the Oklahoma NOL. For years 2018 and subsequent, Oklahoma itemized
deductions are limited. Enter on lines 1 and 6 the portion of nonbusiness and business itemized deductions included in Form 511-NR,
Schedule 511-NR-D, line 11. If using Oklahoma standard deductions, the entire deduction is attributable to the Oklahoma NOL.

Example A
1.	

All nonbusiness itemized deductions.

2.	

All nonbusiness income (including
nonbusiness capital gains).

Example B

10,000.00

5,000.00

8,000.00

8,000.00

8,000.00
3,000.00

5,000.00

3.	

Enter lesser of lines 1 and 2.

4.	
5.	
	

Net out-of-state income.
Subtract line 4 from line 3.
(Do not enter an amount less than zero.)

5,000.00

2,000.00

6.	
	

Business itemized deductions
attributable to Oklahoma.

1,000.00

1,000.00

7.	
	

Total itemized deductions
attributable to Oklahoma.

6,000.00

3,000.00

	
	

Add lines 5 and 6, enter here and
on line 2a NOL Schedule A.

3,000.00

Taxpayer’s Use

Supplement to Form 511-NR

Oklahoma Net Operating Loss(es)
511-NR-NOL
Schedule A
FEDERAL

	 1.	
	 2.	

Taxpayer’s first name and initial	

Taxpayer Social Security Number

Last name

Tax Year:____________

“Federal Amount Column” NOL

AGI: All Sources from Form 511-NR, line 7.................................................................................................... 1
DEDUCTIONS

FORM

Nonresident/Part-Year Residents Only - Page 2

	 a.		 Enter either Oklahoma Standard or Itemized Deductions...................................... 2a

			 b.		 Enter total Oklahoma Adjustments to AGI from Schedule 511-NR-C.................... 2b
			 c.		 Add lines 2a and 2b............................................................................................................................ 2c	
	 3.	 Combine lines 1 and 2c. Enter the total here................................................................................................. 3
		Note: If line 3 is zero or more, do not complete remainder of schedule. There is no net operating loss.

ADJUSTMENTS: Lines 4 - 25 are entered as positive numbers.
	 4.	
		

Enter nonbusiness capital losses (before limitation). Also enter the nonbusiness
Oklahoma Capital Gain Deduction from Schedule 511-NR-B, Federal Amount Column... 4

	 5.	

Enter nonbusiness capital gains (without regard to any IRC Section 1202 exclusion) ..... 5

	 6.	

If line 4 is larger than line 5, enter difference; otherwise enter “0”..................................... 6

	 7.	

If line 5 is larger than line 4, enter difference; otherwise enter “0”.........7

	 8.	
		
		

Nonbusiness deductions included in line 2a and 2b above, plus 	Oklahoma nonbusiness
deductions from Schedule 511-NR-B Federal Amount Column (exclude capital gains) and
Federal nonbusiness adjustments from Federal return...................................................... 8

	 9.	 Nonbusiness income - other than capital gains. Combine Oklahoma
		nonbusiness income from Schedule 511-NR-A Federal Amount Column
		 and Federal nonbusiness income from Federal return............................ 9
	10.	

Add lines 7 and 9............................................................................................................. 10

	11.	

If line 8 is larger than line 10, enter difference; otherwise enter “0”.............................................................. 11

	12.	
		

If line 10 is larger than line 8, enter difference (but do not enter more
than line 7); otherwise enter “0”.......................................................... 12

	13.	
		

Enter business capital losses (before limitation). Also enter the business
Oklahoma Capital Gain Deduction from Sch. 511-NR-B, Federal Amount Column.................. 13

	14.	
		

Enter business capital gains (without regard to any IRC Section
1202 exclusion).................................................................................... 14

	15.	

Add lines 12 and 14......................................................................................................... 15

	16.	

If line 13 is larger than line 15 enter difference; otherwise enter “0”................................ 16

	17.	

Add lines 6 and 16........................................................................................................... 17

	18.	

Enter loss, if any, from line 16 of Federal Schedule D..................................................... 18

19.		

IRC Section 1202 exclusion ......................................................................................................................... 19

	20.	

Subtract line 19 from line 18. If zero or less, enter “0”..................................................... 20

	21.	

Enter the loss, if any, from line 21 of Federal Schedule D............................................... 21

	22.	

If line 20 is more than line 21, enter difference; otherwise enter “0”................................ 22

	23.	

If line 21 is more than line 20, enter difference; otherwise enter “0”............................................................. 23

	24.	

Subtract line 22 from line 17. If zero or less, enter “0”.................................................................................. 24

	25.	
		

Oklahoma “Federal Amount Column” NOL from other years from Schedule 511-NR-B, Federal Amount
Column and the domestic production activities deduction from the Federal return...................................... 25

26.		

Combine lines 3, 11, 19, 23, 24 and 25 (Enter the NOL on Form 511-NR, Schedule 511-NR-B, Federal Amount
		 Column for the tax year where the loss is being carried).................................................................................................. 26
		Note: If more than zero, enter “0”. You do not have a Federal Amount Column Oklahoma Net Operating Loss.

A copy of your Federal return is required.

(

)

Supplement to Form 511-NR

Oklahoma Net Operating Loss(es)
511-NR-NOL
Schedule A

OKLAHOMA

	 1.	
	 2.	

Taxpayer’s first name and initial	

Taxpayer Social Security Number

Last name

Tax Year:____________

“Oklahoma Amount Column” NOL

AGI: Oklahoma Sources from Form 511-NR, line 6.........................................................................................1
DEDUCTIONS

FORM

Nonresident/Part-Year Residents Only - Page 3

	 a.		 Enter amount from Schedule A Instructions: either Standard or Itemized Deductions.... 2a

			 b.		 Enter total Adjustments to AGI from Schedule 511-NR-C....................................... 2b
			 c.		 Add lines 2a and 2b.............................................................................................................................2c
	 3.	 Combine lines 1 and 2c. Enter the total here................................................................................................. 3
		Note: If line 3 is zero or more, do not complete remainder of schedule. There is no net operating loss.

ADJUSTMENTS: Lines 4 - 25 are entered as positive numbers.
	 4.	
		

Enter Oklahoma nonbusiness capital losses (before limitation). .Also enter the
nonbusiness Oklahoma Capital Gain Deduction from Schedule 511-NR-B,

	 5.	

Enter Oklahoma nonbusiness capital gains .(without regard to any IRC Section 1202 exclusion)...... 5

	 6.	

If line 4 is larger than line 5, enter difference; otherwise enter “0”..................................... 6

	 7.	
	 8.	

If line 5 is larger than line 4, enter difference; otherwise enter “0”.........7
Oklahoma nonbusiness deductions. Included in line 2a and 2b above, plus nonbusiness

		Oklahoma Amount Column......................................................................................................... 4

		
		

deductions from Schedule 511-NR-B Okla. Amount Column (exclude capital gains) and Federal
nonbusiness adjustments reported on Schedule 511-NR-1, line 17 (line 16 for 2018)
		Oklahoma Amount Column....................................................................................................... 8

	 9.	

Nonbusiness income - other than capital gains. Combine nonbusiness
		income from Schedule 511-NR-A Oklahoma Amount Column and Federal .nonbusiness
		income reported on Schedule 511-NR-1, lines 1-17 (lines 1-16 for 2018)
		Oklahoma Amount Column ..........................................................................9
	10.	

Add lines 7 and 9.............................................................................................................. 10

	11.	
	12.	
		

If line 8 is larger than line 10, enter difference; otherwise enter “0”............................................................... 11
If line 10 is larger than line 8, enter difference (but do not enter more
than line 7); otherwise enter “0”.......................................................... 12

	13.	 Enter Oklahoma business capital losses (before limitation). Also enter
		 the business Oklahoma Capital Gain Deduction from Schedule 511-NR-B,
		Oklahoma Amount Column............................................................................................... 13
	14.	
		

Enter Oklahoma business capital gains (without regard to any
IRC Section 1202 exclusion)................................................................ 14

	15.	

Add lines 12 and 14.......................................................................................................... 15

	16.	

If line 13 is larger than line 15 enter difference; otherwise enter “0”................................. 16

	17.	

Add lines 6 and 16............................................................................................................ 17

	18.	
		

Enter the entire amount of the Oklahoma net loss, if any, included in line 16 of
Federal Schedule D.......................................................................................................... 18

19.		

IRC Section 1202 exclusion attributable to Oklahoma................................................................................... 19

	20.	
	21.	
		
		

Subtract line 19 from line 18. If zero or less, enter “0”...................................................... 20
Enter the entire amount of the Oklahoma net loss, if any, included in line 21 of
Federal Schedule D - or - If there is no amount on the .Federal Schedule D, line 21,
but there is an .amount on line 20 above, enter the amount from line 20 on this line........ 21

	22.	

If line 20 is more than line 21, enter difference; otherwise enter “0”................................. 22

	23.	

If line 21 is more than line 20, enter difference; otherwise enter “0”.............................................................. 23

	24.	
	25.	

Subtract line 22 from line 17. If zero or less, enter “0”................................................................................... 24
Oklahoma NOL from other years (Sch. 511-NR-B, Oklahoma Amount Column) and the Federal domestic
production activities deduction attributable to Oklahoma................................................................................... 25
Combine lines 3, 11, 19, 23, 24 and 25 (Enter the NOL on Form 511-NR, Schedule 511-NR-B, Oklahoma

		

26.		

		 Amount Column for the tax year where the loss is being carried).................................................................................... 26
		Note: If more than zero, enter “0”. You do not have an Oklahoma Amount Column Oklahoma Net Operating Loss.

A copy of your Federal return is required.

(

)

Supplement to Form 511-NR

Oklahoma Net Operating Loss(es)
FORM

Nonresident/Part-Year Residents Only - Page 4

Intervening Year:

NOL Year:

Taxpayer Social Security Number
511-NR-NOL Taxpayer’s first name and initial	 Last name
Schedule B
FEDERAL Computation of Net Operating Loss Carryover/Back

“Federal Amount Column”

The “Federal Amount Column” NOL absorbed in each intervening year on Form 511-NR will be the amount of the modified taxable income. The
modified taxable income will be calculated using this worksheet. A separate NOL Schedule B must be used for each year.

	 I.		 Net Operating Loss Deduction. Enter here as a positive
			 number the NOL from NOL Schedule A, line 26. In
			 succeeding year, enter amount from line III of previous
year’s NOL Schedule B.......................................................
			 To compute modified taxable income:
			 A.	 To compute Oklahoma AGI
		 			
for the Intervening Year.
					
1.		 Federal AGI from Form
							 511-NR, line 2....................................................... A1.
					
2.		 Oklahoma Additions from Schedule 511-NR-A,
							 Federal Amount Column. Be sure to include any
							
							

					

3.		
							
							

					
4.		
							
							

Federal NOL carryover included in line A1 above.
(Enter as a positive number)............................................ A2.

Oklahoma Subtractions from Schedule 511-NR-.		
B Federal Amount Column. Be sure to exclude the
NOL for the NOL year entered above or later years........ A3. (
AGI before the NOL deduction for the NOL
year entered above.
(Combine lines A1 through A3)...........................

			 B.	 Modifications: (For intervening year)
					
1.		 Net capital loss deduction from Federal Sched.ule D, 	
							 line 21 (Note: Enter as a positive number.)....................
					
2.		 Section 1202 exclusion and domestic production 	
							 activities deduction (enter as a positive number)...........
					
3.		 Adjustments to AGI from the
							 Federal NOL carryover worksheet......................
			 C.	
					

I.

Modified Oklahoma AGI.
(line A4 plus lines B1, B2 and B3.) ..........................

)
A4.

B1.
B2.
B3.
C.

			 D.	 Less Allowable Modified Itemized Deductions.
					
1.		 Itemized deductions reported on the return less 		
							 the adjustments to itemized deductions from the 	
							 Federal NOL carryover worksheet *.................... D1.
							 OR
					
2.		 Oklahoma standard deduction if line D1 is not
							 applicable............................................................ D2.
					

3.		

			 E.	

Adjustments to AGI from Schedule 511-NR-C.

					

Allowable deductions. (line D1 or D2).................

Example: Military Pay Exclusion, Disability Deduction, etc

D3. (

)

E. (

)

	 II.		 Modified taxable income. (lines C combined with
			 D3 and E.) If zero or less, enter “0”......................................
	III.		 Oklahoma NOL carryover to the Federal Amount Column. 		
			 (line I minus line II.) If zero or less, enter “0”. Enter the NOL carryover on the
			 next intervening year’s return (Form 511-NR, Sch. 511-NR-B, Fed. Amount Column)...

II.
III.

* Beginning tax year 2018, Oklahoma itemized deductions are limited to, and may not exceed, $17,000. Charitable contributions and medical
expenses are not subject to the $17,000 limit. If your Oklahoma itemized deductions are limited, use Form 511-NR, Schedule 511-NR-D to
determine your allowable modified itemized deductions.

A copy of your Federal return is required for the intervening year entered above.

Supplement to Form 511-NR

Oklahoma Net Operating Loss(es)
FORM

Nonresident/Part-Year Residents Only - Page 5

511-NR-NOL
Schedule B

OKLAHOMA

NOL Year:

Intervening Year:

Taxpayer’s first name and initial	

Last name

Taxpayer Social Security Number

Computation of Net Operating Loss Carryover/Back
“Oklahoma Amount Column”

The “Oklahoma Amount Column” NOL absorbed in each intervening year will be the amount of the modified AGI - Oklahoma
Source. The modified AGI - Oklahoma Source will be calculated using this worksheet. A separate NOL Schedule B must be
used for each year.
If the “Oklahoma Amount Column” NOL is carried into a year when the taxpayer is a full year resident, the NOL Schedule B for
Form 511 will be used.
	 I.	 Net Operating Loss Deduction. Enter here as a positive
		number the NOL from NOL Schedule A, line 26.
		 In succeeding year, enter amount from line III of
		 previous year’s NOL Schedule B.......................................
		To compute modified taxable income:
		 A.	 To compute Oklahoma AGI
			
for the Intervening Year.
			 1.		 Oklahoma Source Income from Form 511-NR,

					Line 1.....................................................................................
			
2.		 Oklahoma Additions from Schedule 511-NR-A,
					 Oklahoma Amount Column. Be sure to include any
					 Federal NOL carryover included in line A1 above.
					 (Enter as a positive number).......................................
			
3.		 Oklahoma Subtractions from Schedule 511-NR-B,
					 Oklahoma Amount Column. Be sure to exclude the
					 NOL for the NOL year entered above or later years....................

I.

A1.

A2.
A3. (

			
4.		 AGI before the NOL deduction
					 for the NOL year entered above.
					 (Combine lines A1 through A3).........................................

)

A4.

		B.	 Modifications: (For intervening year)
			
1.		 Oklahoma capital losses in excess of Oklahoma capital gains
					 (included in the net capital loss .limitation from Federal Sch. D).
					 (Note: Enter as a positive number.)...................................................... B1.
			
2.		 Section 1202 exclusion and domestic production activities deduction
					 attributable to Oklahoma (enter as a positive number)................................ B2.
			
3.		 Adjustments to AGI (attributable to income & deductions
					 in the Okla. Amount Column) from the Federal NOL carryover worksheet............ B3.
	 II.	 Modified Oklahoma AGI.
		(line A4 plus lines B1, B2 and B3.) If zero or less, enter “0”.................................

II.

	 III.	
		
		
		

III.

Oklahoma NOL carryover to the Oklahoma Amount Column.
(line I minus line II.) If zero or less, enter “0”.
Enter the Oklahoma NOL carryover on the next intervening year’s return
(Form 511-NR, Sch. 511-NR-B, Okla. Amount Column or Form 511, Sch. 511-A).
A copy of your Federal return is required for the intervening year entered above.