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Georgia depreciation adjustment Line 5
I am a GA resident with out of state rental income; TT shows an adjustment on my GA return, line 5, for differences in depreciation treatment between Federal and GA returns (the adjustment bumps up the GA income). The depreciation on my Federal return that GA is adjusting for is, however, from out of state income. Since that income is not taxable in Georgia, should there even be an adjustment to Federal income (for GA purposes) on depreciation that is out of state? This amounts to indirect taxation by Georgia on out of state income. The interview steps me through that line and gives me a chance to change it and I'm wondering if it should be -0- .
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‎April 17, 2023
9:06 PM