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Get your taxes done using TurboTax
TurboTax is correct. The reason your federal depreciation is different than your state depreciation is because some US states don't conform to the IRS limits and regulations on Section 179 deductions and bonus depreciation. Some states conform with one or the other, while other states don't conform with either.
- Contact your state department of Revenue to see how your state treats depreciation.
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‎February 19, 2021
9:50 AM