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Level 2
July 15, 2020
Question

need to calculate NJ depreciation on an asset fully written off on fed in 2018, not on NJ

  • July 15, 2020
  • 1 reply
  • 4 views

How do I enter beginning accum depr for asset for NJ different from FED and how to get program to calculate NJ deprecation for 2019 on this asset?

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1 reply

George4Tacks
Level 15
July 15, 2020

To the right of each federal entry is a column for St if different. Put in the state method, life and previous depreciation for NJ. (you won't see the NJ dropdown unless you are doing multi state)

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