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posted Mar 11, 2023 8:42:49 AM

Georgia Depreciation Adjustment

We have a rental home and a small business. On my GA taxes, I am being asked to enter my depreciation adjustment. How do I know if I have a depreciation adjustment and how much it is? The help offered on that page talks about GA depreciation laws from 1981-1986. We were only children then, so does this not apply to us? I'm very confused.

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Expert Alumni
Mar 11, 2023 11:10:33 AM

If you added any assets in 2022 or had bonus depreciation from a prior year applied on your federal tax return, you may have to do an adjustment for bonus depreciation.  Georgia has not adopted bonus depreciation.  If you used TurboTax in the past, you will be able to find this information on the depreciation worksheet provided with the return.