AmyC
Expert Alumni

State tax filing

The Iowa Corporate Income Tax Changes for 2021states:

Bonus Depreciation Conformity

Iowa taxpayers who claim the additional first-year depreciation under IRC section 168(k) for federal purposes in tax year 2021 or later will not need to make depreciation adjustments on their Iowa returns for those assets.


You may need to Contact Us so someone can see your screen to locate an issue.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"