Why does my new rental assets not transfer from my federal return to my state return?

[revdirt]

We bought a new refrigerator and range for our rental and added it to our federal return as a rental asset (appliance). But it did not transfer over to our Oregon state return. I see past assets on our Oregon return but not these two new ones. This happened last year with the new vinyl flooring we bought also. The federal return shows them and that the are depreciating over 5 years, I believe.

[JohnB5677]

Without seeing the tax return my answer is speculative, but are you sure that you entered all of these assets into the Oregon property, and not in some other entity. 

Do you see them carrying over to any other property on your Federal tax return? 

If you have the Desktop version of TurboTax, or if you've paid for the Online version, can you see them listed as assets in the Oregon Asset Summary?

[revdirt]

Thanks! Ok, checking our federal return (through Federal Taxes/Wages & Income/Rental Prop. & Royalties/Rental & Royalty Summary) I can see these two assets both listed on Your Property Assets, the placed in service dates and that they are showing depreciation on that particular rental summary (single family house).  (We reside in Oregon & have 4 Oregon rentals. I keep separate files with individual spreadsheets for each rental so I can keep all my expenses separate. I don't want to get any paperwork confused between the four properties.) I looked at one other rental asset summary (our four-plex) and they are not listed there too so I'm sure they are only on the one rental property mentioned in my original question.

On checking our Oregon State return (Income/Business), these two assets do not show up on Oregon  Depreciation Differences Summary but other past assets do. Since I wrote my question we have noticed that other assets have not carried forward in the past (not just the vinyl flooring I mentioned in my question) but two refrigerators we bought in 2018. They are on that federal asset summary (a four-plex) but did not transfer over to our State return.

When I start our taxes I always download the state in the beginning and can watch the $ "odometers" for both federal & state as I enter info. so I figured stuff would get transferred more completely/readily. I am using the desktop version of Turbo Tax and have used it for 15 years.

[revdirt]

P.S. I can see on my Oregon Depreciation Difference Summary that I can add an asset but when I've looked into that the boxes I have to fill out are a bit out of my league (depreciation values, MACRS, etc.).

[AmyC]

The assets should be carrying over. You can send us a “diagnostic” file that has your “numbers” but not your personal information.  If you would like to do this, here are the instructions: 

If you are online, go to tax tools>tools > share file with agent > 6 digit number pops up.

If on desktop, go to online >send tax file to agent > number pops.

Reply with # here and @AmyC please

[revdirt]

953413 @AmyC 

I hope I did this right. Thanks in advance!

[AmyC]

@revdirt You are correct and this has gone to investigations.

[revdirt]

Ok, thanks. I guess we wait to file our taxes until we hear back from you?

[revdirt]

@AmyC  Do you know how the investigation is going? I'll be needing to file by Friday as you know.

[naw]

@revdirt @AmyC I have just finished my federal and now doing my Oregon return.  I noticed this same issue.  Actually my listing is missing quite a few from years past.

[revdirt]

@naw @AmyC When I started looking through some past returns I see other assets that did not carry over to our Oregon return too. Bit depressing. And too daunting to dig through all the returns to make a comprehensive list (although it is tempting). But I doubt it matters at this point. I don't think I want to file amended returns with Oregon for the last 6 or so years (or could I?). Sheesh. I hope Turbo Tax can fix this glitch. Apparently our return is not the only one affected. Others may not have noticed it just as myself and "naw" did not until now.

[naw]

@revdirt @AmyC I am by no means "the expert" but as I keep reading about this, it looks like "maybe" the years 2009 and 2010 were the only years that OR depreciation was "decoupled" or "not consistent" with Fed depreciation.  I think maybe that's why the 2009 and 2010 rental asset additions were the only ones I specially added to my OR return.  Seems like when we list our new rental assets for the Feds each year, the depreciation numbers and tax amounts get transferred to the OR return automatically and Turbo Tax only asks for any new assets for the tax year that don't match up with the OR depreciation calculation rules?  I guess I only listed the ones for 2009 and 2010 and everything else since then I've assumed is Fed and OR consistent.    

[naw]

https://www.oregon.gov/dor/forms/FormsPubs/schedule-or-depr-instructions_101-025-1_2021.pdf

@revdirt  Maybe this publication might help?  I think it's why I only show 2009 and 2010 depreciated rental assets on my OR return

[revdirt]

Thanks @naw . Preparing taxes can be such a pain in the asset. lol

[revdirt]

@naw @AmyC   Finished taxes and filed yesterday using TT online program.

My TT software stopped working after a required TT "update". After a chat and three folks helping us on the phone - all but one were trying to help us uninstall/reinstall (the weird one we hung up on when she wanted our credit card # - think she was fake)  we were not able to get us up and working. Ended up buying online program and doing them there. Bit of a learning curve but did really like that I could see our tax return in the end, looking just like the IRS will see it. Could look the whole thing over and saw a mistake I made, accidentally creating a duplicate rental schedule e. Did notice some items didn't transfer over from my 2020 return so had some blank spaces in my '20 & '21 comparisons when there should have been a figure for 2020, but guess that's not that critical.

Still didn't see my two new rental assets on my Oregon return (Oregon Depreciation Differences Summary"), and removing one from my federal did not seem to change my Oregon $ odometer, but oh well. Hope TT is looking into this possible glitch. 

The only other comment I have is that when I finished my laptop TT version I had a $6 refund coming from Oregon. The online version says I owe $8 to Oregon. I tripled checked my entries/numbers and my adjusted gross is the same so who knows why that happened.