Question
depreciation for texas
I am working on a Texas Franchise tax return.
This is my first year to do Franchise tax in proconnect.
I cannot seem to get the depreciation for the state, which is often different from federal.
We are allowed to deduct it in two different places, COGS fully, and for admin assets, 4%.
So, I want to get the calculation from the program and assure the correct amount is going into the correct spots.
