582-I: 2025 Form 582-I Oklahoma Deduction for Qualified Equity Investments in an Eligible Oklahoma Venture Capital Company (2025)
Oklahoma · Oklahoma Tax Commission · Used for tax years 2025
Oklahoma Form 582-I is a stand-alone information return for claiming the deduction for qualified equity investments in an eligible Oklahoma venture capital company. It reports investor and company details, investment dates and amounts, and any return of investment.
Who files this form
An accredited investor must file Form 582-I to claim the Oklahoma deduction for qualified equity investments in an eligible Oklahoma Venture Capital Company.
The deduction applies to tax years 2022 through 2026, including tax year 2025. The form includes investor categories for individuals, trusts, corporations and partnerships.
Each eligible Oklahoma Venture Capital Company must also make Form 582-I available to all its investors, with information about returns of investments.
When it's due
For the tax year 2025 form:
- Each eligible Oklahoma Venture Capital Company must make Form 582-I available to its investors by January 31. The text does not specify the calendar year for this date.
- The investor must file Form 582-I by the due date of the return claiming the deduction. No specific calendar date is printed for this filing deadline.
What you'll need
Have the information requested on Form 582-I ready:
- Your name as shown on your income tax return, FEIN or SSN, investor type, address and phone number.
- For each qualified equity investment: the venture capital company's name and FEIN or SSN, the investment date, type of investment and amount invested.
- For each return of investment: the company's name, address and FEIN or SSN, the original investment date, return date and amount returned.
- Whether a return of investment was to a related person or entity, how the accredited investor is related, and whether the return met the financial performance requirements of 68 OS Section 2358.110(F) or (G).
The text does not list specific supporting documents to attach.
How to file
Complete the investor information and the applicable investment and return-of-investment entries. Use as many Forms 582-I as needed, and sign and date the form.
Mail Form 582-I to:
Oklahoma Tax Commission
Oklahoma City, OK 73194
Mail Form 582-I by itself. It is a stand-alone form and must not be mailed with any other form. The text provides mailing instructions only.
Common mistakes
- Mailing Form 582-I with another form. The form specifically says it must be mailed separately.
- Using the deduction to reduce Oklahoma taxable income below zero. This is not allowed.
- Carrying the deduction over to another year. No carryover is allowed.
Questions people ask
How much can an accredited investor deduct for 2025?
An accredited investor may deduct up to $25 million during a taxable year for qualified equity investments in an eligible Oklahoma Venture Capital Company. The deduction cannot reduce Oklahoma taxable income below zero, and no carryover is allowed.
Who counts as an accredited investor?
The form uses the definition in Section 230.501 of Title 17 of the Code of Federal Regulations. For this deduction, the accredited investor is the person or entity authorized to claim the deduction on their income tax return.
What is a qualified equity investment?
It is a transfer of cash or its equivalent by an accredited investor to an eligible Oklahoma Venture Capital Company. For this deduction, the amount cannot exceed $25 million per accredited investor during a taxable year.
Can I use more than one Form 582-I?
Yes. The form says to use as many Forms 582-I as needed.