Is the Federal taxable amount from your Schedule C, E, or F that has the new assets and depreciation coming across to the Iowa return? If it is, then the normal depreciation deduction has been taken for Iowa as well. The 4562A and B are for situations to reconcile depreciation that Iowa has not coupled with, like the bonus depreciation or Sec 179 greater than $100K.
If the net income amounts from the Fed forms are transferring to the Iowa return, the depreciation from the new assets on those forms is also included in the Iowa number.
