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Get your taxes done using TurboTax
Thanks for the information. From 2002-2018, there were state adjustments possibly made. My bet for your truck is the federal and state depreciation will be the same but to be sure, check your federal 2017- when you started taking depreciation - and see if you have an additional bonus depreciation (this includes Sec 179 for other readers).
A Massachusetts taxpayer that claims bonus depreciation for federal purposes must calculate a separate depreciation schedule for purposes of claiming depreciation on the Massachusetts personal income tax return. For the year property is placed in service and subsequent years, a taxpayer must calculate Massachusetts depreciation as if the taxpayer elected not to utilize the bonus depreciation allowance.
There is also a state adjustment for some automobiles.
Therefore, if your prior year state returns, have no depreciation adjustment, this would not apply to you.
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