CUB1988
Returning Member

How do I address Georgia taxing my 179 depreciation for an out of state property?

I have agricultural property in another state and pay state income taxes in that state. My home state of Georgia is adding back the 179 bonus depreciation that I took for the out-of-state properties. I verified that  the rental property addresses on the properties were all correct.  I didn't pay any tax in the other state as 179 depreciation resulted in a loss for the year that will carry forward.  But in the mean time, Turbo Tax is increasing my state income tax in Georgia which doesn't seem correct.  What am I missing?