Jerrylm
Returning Member

Addition for Bonus Depreciation for Filing in NC

Hi, I own seasonal vacation rental property in NC and am using TTax Premier.  All seems okay except that apparently neither of my states (NC and PA) allow the Bonus Depreciation that TTax does for the Federal return.  This changes my income from Zero on the rental property to around $3000 and makes me pay state tax.  For the Federal return TTax doesn't allow all of my expenses because it would cause a loss which apparently I can't have since the property is not managed directly by me.  That is fine for Federal, but I would like to add some of the additional expenses back for the state returns and avoid showing the $3000 income. Is that allowed?  Do I just add the expenses on the forms view for the state returns?

Thanks,  Jerry