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State tax filing
I understand the Massachusetts depreciation deduction must be calculated without regard to section 168(k). My question is: Why is TurboTax still using the 2017 limit of $3,560 without 168(k) bonus depreciation, rather than updating to the 2021 limit of $10,200 without 168(k) bonus depreciation (based on the 2018 Tax Cuts and Jobs Act)?
March 20, 2022
3:09 PM