- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How does TurboTax determine depreciation in NY State for large SUV purchase which was 100% deducted on Federal (via Sec 179 + Bonus Depreciation)?
NY State does not allow Sec 179 for heavy SUVs, and they don't allow bonus depreciation. I'm unable to see (via the TurboTax UI) that it's taking this into account and depreciating the SUV over 5 years for purposes of NY State Taxes. Is all of that covered in the NY Additions and Subtractions to income? Is there a way to see the underlying detail?
Topics:
‎February 5, 2020
4:20 PM