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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?
‎April 8, 2023
7:55 PM