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MD 179 depreciation for manufacturing

Forum|Forum|1 year ago
February 16, 2025
5 replies
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Asking for some help

Client is MD manufacturer

MD permits federal 179 without MD decouple

I can't seem to find a way for lacerte MD depreciation to allow full 179

Only limits to the $25

Was hoping to not have to manual override the DM

Thanks for any help

This topic has been closed for replies.

Best answer by taxstick

And then..maybe I am mis-understanding the MD Admin Release.

It looks like MD permits full 179 for a manufacturer.

And now after deep research...MD did NOT re-couple with federal depreciation with regards to expensing of property for a manufacturing taxpayer

That tax bill was withdrawn in 2022 and I mis-understood the Admin Release.

Apologies to all who may have spent any time on this.

Gonna post and reply "answered"

sjrcpa

Level 15

In the MD Information is there a place to indicate they are a manufacturer?

The more I know the more I don’t know.

T

taxstickAuthor

Level 3

Yes there is a box..but it does nothing.

I think there used to be a"box-to-check" to indicate..but that isnt there now.

I just cannot find a way for the software depreciation to allow the full 179 (as it does on the federal side)

There is not even an "over-ride" ability...tried that.

I think my only option is to hand-schedule the MD depreciation for current year...override the DM..and then I think, I will be able to override the prior 179 next year.

Was hoping some of my MD colleagues with a manufacturing client had dealt with.

I think the other complication is ..not all depreciable assets are manufacturing depreciable.

T

taxstickAuthor

Level 3

And then..maybe I am mis-understanding the MD Admin Release.

It looks like MD permits full 179 for a manufacturer.

T

taxstickAuthor

Level 3

Re-Opening this original question and comment.

I closed it with a "resolved"..but after further research..and request for clarification on MACPA board...

MD DOES permit full 179 for a manufacturer (as well as SDA). No decouple.

And Lacerte MD depreciation will NOT let me take the full 179 (past $25).

there is no override ability.

Looks like a manual depreciation accounting and override the DM totals..and then, maybe for 2025 I can override MD depr prior 179.

Lacerte appears to fail on this part; cannot locate any work-around.

If you see something I don't..would appreciate any comments.

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