{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-2364","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-2364","heading":"Estates, trusts and beneficiaries","body":"A. The Oklahoma taxable income or loss of an estate, trust or\n\nany beneficiary of either shall be the same portion of that reported\n\nfor federal income tax purposes as the Oklahoma income, gains,\n\nlosses or deductions determined under applicable provisions of this\n\nact for said estate, trust and/or beneficiary bears to the federal\n\nincome, gains, losses or deductions. Amounts allowable under the\n\nOklahoma Estate Tax Law as deductions in computing the taxable\n\nestate of a decedent shall not be allowed as deductions in computing\n\nthe taxable income of the estate or of any other person unless there\n\nis filed, as provided in Internal Revenue Code, Section 642, or any\n\nprovisions comparable thereto, the statement required therein and if\n\nsuch waiver is filed then to the extent allowed as a deduction for\n\nincome tax purposes, such amount shall not be allowed for estate tax\n\npurposes.\n\nB. A beneficiary of a trust shall exclude from Oklahoma taxable\n\nincome any excess distributions by trusts required to be included in\n\nthe beneficiary's federal taxable income by reason of Sections 665\n\nthrough 669 of the Internal Revenue Code, or any provisions\n\ncomparable thereto.","path":["OK Code","Title 68"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os68.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"f06ee8dee79e3b66f2ac6e8f8e988b75e036b53b5ee71ba808ffedfff74d8ce9","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-2363","next":"us-ok/okla.-stat.-tit.-68-68-2365"},"notice":"GroundRules: Original legal text. Not legal advice."}