Investors & landlords

Thanks, @DavidD66!  I really appreciate your explanation.  I do have follow-up questions.

1.  Am I adjusting the depreciation from the GA-700 correctly on Turbotax?  The way I am understanding it, I need to make depreciation adjustments on my GA state return so Turbotax won't use the entire federal loss (due to bonus depreciation $22,455). 

• I entered $22,314 under Depreciation Adjustment Subtractions (to deduct from the federal bonus depreciation of $22,455)
• Then, I entered $295 under Depreciation Adjustment Additions (for the GA state depreciation).

2.  Where do I enter the -$436 of Total Income/Loss for Georgia Purposes?  I assume I need to enter it under the Rents, Royalties and K-1 Income.  I just need to track this passive loss manually moving forward.

Is Step1 above (depreciation adjustment) necessary?  Or can I just enter the -$436 of Total Income/Loss for Georgia Purposes?

Appreciate your guidance.

Thanks.