How do I determine Oregon Depreciation Differences?

posted

Oregon follows Federal except for a couple of rare instances.

You only need to determine the difference if:

Federal investment credit was claimed after 1984
Business property was transferred in
there are a couple more cases but you would already know about them if they applied.

If the credit was claimed, adjust the basis by that amount.

If the property was transferred in to OR, you would need to depreciate on the lower of the federal unadjusted basis or FMV (fair market value) at time of transfer.

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