Upon review, since the GA individual tax return starts with Federal AGI and the section 179 expense (already deducted from that number on the federal return) is disallowed in GA, TurboTax is correctly adding the amount back to your income. However, you still need to deduct the net loss from the IA properties from the GA income. The net results from the IA properties by my calculations from your Schedule Es is a loss of $46, 458. The GA add-back for depreciation not allowed is $75, 967. You need to enter as an Other Subtraction from Georgia Income the difference of $29,509.
To enter this subtraction in TurboTax you can follow these steps:
- Within your tax returns click on State Taxes/Prepare State and Continue/Let's Get Started
- Click Edit for your GA return
- Click Edit for the Income section
- Scroll down to Other Subtractions from Georgia Income under the Miscellaneous section and click Start
- Enter a description (IA property income would be reasonable or something to the effect) and $29,509 in the amount field
- Proceed entering/reviewing your return
@CUB1988
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