CartmellCPA
Level 2
11-07-2024
05:20 PM
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I am using Lacerte and just got my first notice on this topic. In this case, the client is not an Oklahoma resident but had some OK source Oil & Gas income. The depreciation adjustment being claimed on the OK non-resident return is related to non-Oklahoma assets. The assets are not sourced to Oklahoma so I am at a loss as to why they carried to the OK return. Has anyone seen this happen?