518-B: 2025 Form 518-B Report of Transfer of Venture Capital Credits (2025)
Oklahoma · Oklahoma Tax Commission · Used for tax years 2025
Oklahoma Form 518-B reports a transfer of venture capital credits. It identifies the transferor and transferee and records the investment date, credits transferred, credits used, and unused credit balance.
Who files this form
Form 518-B reports a transfer of venture capital credits. It includes information about the transferor, who transfers the credits, and the transferee, who receives them.
The transferee must attach a copy of this report to their income tax return.
What you'll need
Have the following information ready to complete the report:
- The year ended.
- The transferor’s and transferee’s names, Social Security or identification numbers, and addresses.
- The amount of credits transferred, the amount used, and the unused balance.
- The date of investment and the name of the venture capital company.
The transferee also needs a copy of the completed report to attach to their income tax return.
How to file
Complete the transferor and transferee information, credit amounts, investment date, and venture capital company name. Complete the signature and notary portions of the report.
The transferee must attach a copy of the report to their income tax return.
The form lists this Oklahoma Tax Commission address:
Oklahoma Tax Commission
Oklahoma City, Oklahoma 73194
The supplied text does not provide specific mailing or e-filing instructions.
Common mistakes
- Leaving the report off the transferee’s return. The form says the transferee must attach a copy to their income tax return.
- Overlooking the carryforward limit. Credits not used in the year invested may be carried forward for a maximum of three years from the date of investment.
- Signing without checking the report. The declaration states, under penalty of perjury, that the report has been examined and is true, correct, and complete to the best of the signer’s knowledge and belief.
Questions people ask
What is Form 518-B used for?
It is the Report of Transfer of Venture Capital Credits. It records the parties to the transfer and the credit amounts.
Does the recipient need to attach the report to a tax return?
Yes. The transferee must attach a copy of the report to their income tax return.
Can unused credits be carried forward?
Yes. Credits not used in the year invested may be carried forward for a maximum of three years from the date of investment.
Does the report include a notary requirement?
Yes. The form includes a Notary Public Affidavit with spaces for the date, state, notary information, and commission expiration.