turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How do I find out what my state SDA is?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

12 Replies
KrisD15
Expert Alumni

How do I find out what my state SDA is?

To clarify,

Where are you being asked about a state SDA? 

Not sure what SDA means.

What form are you trying to enter or what are you trying to do that asks for this? 

 

Also, which state? 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

How do I find out what my state SDA is?

In order to e-file TurboTax is telling me schedule C - car and truck expense worksheet: state SDA: special state depreciation allowance must be entered.

Ohio

KrisD15
Expert Alumni

How do I find out what my state SDA is?

If you took any 179 expense deduction on Form 4562, some or all may need to be added to the Ohio return. 

Ohio only allows 25,000, so if you're above that amount, enter the difference. 

 

To enter it, go to:

 

"In the Ohio program you will reach a screen titled "Here's the Income that Ohio Handles Differently".

Scroll down to

-Business

  Business depreciation add back"

(Hal_Al TT Answer )

 

If TurboTax doesn't give you the number, look on your Form 4562. 

Look under Part V under the column (i) Elected section 179 cost

 

 

Ohio Link

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
jaimes012003
Returning Member

How do I find out what my state SDA is?

schedule C Real Estate Sales/ Management  SDA Qualified Property:

Line 36-i

jaimes012003
Returning Member

How do I find out what my state SDA is?

Federal Return in the State of Florida

jaimes012003
Returning Member

How do I find out what my state SDA is?

Special Depreciation Allowance Qualified Property checkboxes on Schedule C  lines 36 a to 35 i

jaimes012003
Returning Member

How do I find out what my state SDA is?

It was not a question about the State return...Turbo Tax asked me to seek help on determining Special Deprec. Allowance for my 2014 chevy Captiva I use only for business

jaimes012003
Returning Member

How do I find out what my state SDA is?

Schedule C lines 36 a to 36 i

jaimes012003
Returning Member

How do I find out what my state SDA is?

I'm from Florida in the Real Estate Business

jaimes012003
Returning Member

How do I find out what my state SDA is?

yes

lala771
New Member

How do I find out what my state SDA is?

im being asked to check this on schedule c. regarding my asset  an iphone

MonikaK1
Expert Alumni

How do I find out what my state SDA is?

"SDA" may mean Special Depreciation Allowance, as it does for the IRS. You could check your state's Department of Revenue website for information.

 

For the Federal SDA, see this IRS article on depreciation and recapture:

 

(An iPhone is in the same category as a computer for this purpose)

 

You may be able to deduct the acquisition cost of a computer purchased for business use in several ways:

  • Under Internal Revenue Code section 179, you can expense the acquisition cost of the computer if the computer is qualifying property under section 179, by electing to recover all or part of the cost up to a dollar limit, by deducting the cost in the year you place the computer in service. If there's any remaining cost, you can either depreciate it with a special depreciation allowance in the year you place the computer in service if the computer is qualified property or you can depreciate any remaining cost over a 5-year recovery period.
  • The special depreciation allowance is 80% for certain qualified property acquired after September 27, 2017, and placed in service after December 31, 2022, and before January 1, 2024.
  • Alternatively, you can depreciate the acquisition cost over a 5-year recovery period in the year you place the computer in service, if you don't elect to expense any of the cost under section 179, the computer isn't eligible for the 100% special depreciation allowance in the year you place the computer in service, or you decide to elect out of any special depreciation allowance for the class of property that includes computers.
  • You can never deduct more than the acquisition cost.

Qualified property is: 

• Tangible property depreciated under MACRS with a recovery period of 20 years or less; 

• Computer software defined in and depreciated under section 167(f)(1); 

• Water utility property (see 25-year property, later); and 

• Qualified film, television, and live theatrical productions, as defined in sections 181(d) and (e)

 

See also IRS Publication 946 for more information.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question