I'm confused what Turbo Tax is asking for regarding "Report Arizona Depreciation". It says ...
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Your federal depreciation is $9000.
Enter the federal depreciation deduction taken on Arizona assets. Then, enter your Arizona depreciation.
Arizona depreciation must be recalculated if 50% special depreciation deduction was taken on any assets on your federal return.
Depreciation included in Arizona income: <fill in the blank>
Recalculated Arizona depreciation: <fill in the blank>
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I lived in Arizona in January then moved to Texas. I turned my Arizona home into a rental on February 1. My federal return applied a depreciation of $9000 to that home. Now I'm stuck on the question(s) in Turbo Tax outlined above. Looking for help. Thanks!
