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This document serves as a supplemental schedule for Form 587-PTE for the State of Oklahoma, detailing the computation of tax on distributions for pass-through entities, including individuals, trusts, estates, corporations, S corporations, and partnerships.
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587-pte-sup is a supplementary form used by certain taxpayers in the United States to report specific income and expenses related to a qualified business activity.
Taxpayers who have income from a pass-through entity or partnership that meets certain criteria must file 587-pte-sup.
To fill out the 587-pte-sup, taxpayers should provide their identification information, details about the pass-through entity, and report the required income and expenses as instructed on the form.
The purpose of 587-pte-sup is to ensure accurate reporting of income and deductions from pass-through entities, allowing the IRS to properly assess taxes owed.
Information that must be reported on 587-pte-sup includes the name and EIN of the pass-through entity, income received, expenses incurred, and detailed information regarding the nature of the business activity.
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Oklahoma tax form Form 587-PTE Supplemental Schedule pass-through entity distributive income tax computation individual tax rate corporate tax rate Oklahoma capital gain deduction 2020 tax year

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