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Level 2
February 1, 2023
Question

My State Return shows a deduction for depreciation bonus, but I didn't depreciate anything in 2022. I did in 2021. Where could the number be coming from?

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2 replies

DaveF1006
Alumni - Intuit
February 1, 2023

It may have populated from the 2021 return. To clarify, what state is this?

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Level 2
February 4, 2023

All set. It was indeed a capital improvement that needs to be depreciated over a few years. Another example of TurboTax being smarter than me, and saving me money.