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Level 1
March 10, 2024
Question

State Depreciation not carrying to forms

  • March 10, 2024
  • 1 reply
  • 7 views

On the Depreciation entry screen, I am inputting an amount for Prior depreciation in the State column because it is different amount than the federal amount. On the forms viewer it is just showing the federal amount under prior depreciation when I look at the state depreciation schedule. What am I doing wrong?

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1 reply

Level 3
March 23, 2024

I am having the same problem. I am also entering an amount in the State if Different column on the Depreciation screen, but I am not seeing a FDC subtraction for the state.

 

George4Tacks
Level 15
March 23, 2024

you may also need to make a state if different entry for 179 or bonus depreciation.

remember -1 is a zero. blank or 0 is a nothing.

Answers are easy. Questions are hard!
Level 3
March 23, 2024

I resolved the issue by entering -1 for bonus depreciation in the State if different column so it is now carrying to the state forms.