K1 State Depreciation

[FloridaMom]

Is Florida a "Non Conforming State"?

"TCJA Misc 2% Non Conforming State"

[DianeW777]

No, Florida has no state income tax requirement so this would not apply.

• Florida is a tax-friendly state that does not impose an income tax on individuals, and has a 6% sales tax. Corporations that do business in Florida are subject to a 5.5% income tax. LLCs, sole proprietorships, and S corporations are, however, exempt from paying state income tax.