New car depereciation very different on form 3885a for California State tax vs federal tax

Forum|Forum|4 years ago
March 9, 2022
5 replies
37 views

I bought a new car and on my federal tax the depreciable amount was over $12,000 however on form 3885A the California depreciation deduction is just ~900 $ with an adjustment upwards to my income of of over 11,500 (the difference between the federal and state depreciation amount)

I can't find out the reason why? How is the ~$900 in (f) on 3885A calculated and why is it so much lower than federal?

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MaryK4

Level 15

Just to clarify, did you take bonus or section 179 depreciation? @gsdtax

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gsdtaxAuthor

Level 2

@MaryK4 i think it was section 179? Turbo tax said based on the info your vehicle qualifies for a section 179 deduction and the special depreciation allowance and then I clicked I’ll take the special depreciation allowance.

what’s the difference and how do I check?