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Deductions & credits
Arizona doesn't recognize bonus depreciation. So if you got accelerated depreciation or a section 179 deduction then you need to add it back in to your income and calculate what the federal depreciation would have been for Arizona purposes.
TurboTax does the first one for you. It removes the bonus depreciation automatically when it generates the Arizona return. But you need to help tell the system what you are depreciating again in order to get the Arizona depreciation deduction.
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March 4, 2024
11:46 AM