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State tax filing
I too take issue with how TurboTax is calculating the Mass depreciation deduction in 2021 for an asset that had bonus depreciation on the Federal. Took bonus depreciation for 2021 for an asset valued at $15081 and placed in service in 2021, yet it seems like on the 2021 Mass. return it is not allowing for any depreciation at all on that asset. Shouldn't Turbo Tax allow for at least the std MACRS deduction on the state return?
March 5, 2022
6:15 AM