Skip to main content
Level 5
May 2, 2020
Question

can you take 100% federal bonus depreciation for the federal return and take a Section 179 deduction for the state?

  • May 2, 2020
  • 2 replies
  • 13 views

For a 2019 return for property that qualifies for 100% federal bonus depreciation as well as Section 179, can you take 100% federal bonus depreciation for the federal return and take a Section 179 deduction for the state?

This topic has been closed for replies.

2 replies

sjrcpa
Level 15
May 2, 2020

Depends on the state. Most follow the federal, and then apply their limits.

The more I know the more I don’t know.
qbteachmt
Level 15
May 2, 2020