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State tax filing
Does Turbo Tax make that adjustment for bonus depreciation automatically or do I have to enter that adjustment somewhere manually or indicate somewhere that it needs to be calculated differently for the Mass. return? Seems like the farm income shown on the Mass return is much higher than it should be compared to the Fed. farm income. Looks like it failed to depreciate the asset at all on the Mass return.
‎February 22, 2022
5:47 PM