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Deductions & credits
Basically, Arkansas does not allow Bonus Depreciation, that allowed you to claim 100% of an Asset in the year it was purchased and placed in service on your Federal return.
If you know which assets you purchased new and claimed Bonus Depreciation on, you could subtract those amounts from your Arkansas Depreciation amount. Otherwise, state depreciation is the same as Federal.
Generally you just need to enter the difference between Federal/State depreciation in a state return.
Where are you seeing that you need to make an entry for each asset? If you can clarify, we'll try to help.
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‎February 9, 2023
11:05 AM