If you added an asset in 2021, and claimed Bonus Depreciation, you could add that amount back to your income on your 2021 Idaho return, not on your 2022 return.
You can only take Bonus Depreciation the first year you purchase the asset and use it for Business, so Bonus Depreciation claimed in 2021 would not affect your 2022 return.
As I stated earlier, I can find no entry to add back Bonus Depreciation, unless the Bonus Depreciation created a Passive Activity Loss, in the Idaho return.
In many states, when an Asset is sold, then the amount of Bonus Depreciation is added back into the Cost Basis, for calculating Gain/Loss on the sale. This may be the case with Idaho as well.
From the Idaho State Tax Commission:
- Use the Idaho depreciation amounts to compute the Idaho adjusted basis and any gains or losses from the sale or exchange of the property.
- Enter the differences between the Idaho and federal depreciation amounts, and gains and losses from sales or other exchanges of the property on the applicable bonus depreciation line.
@farmguy
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