AmyC
Expert Alumni

State tax filing

The federal allows you to take bonus deprecation when you place an asset in service. Oklahoma does not conform to the federal. A business will subtract the bonus depreciation from federal taxable income to reach the Oklahoma taxable income.

 

You can see what assets were placed in service and which ones were chosen for the bonus depreciation by looking at your federal depreciation worksheets. Then,  you can answer the questions being asked.

 

To see your forms:

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