We are filing an Oklahoma business return for the first time as a multi-member LLC. All our income is royalty revenue in Oklahoma. We have elected to be a pass through entity. I have a specific question about how depletion is reported on Form 514 Part 5, lines 8 and 9. Is it entered as a negative number or a positive number on the form? I can’t get anyone on the phone at the Oklahoma revenue department and I don’t want to pay for a CPA at this point, if I can help it. Thanks for any help!
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