How do i know the depreciation value dealing with Georgia form 4562 related to georgia not conforming to obbba of 2025 ?

[mail4dea]

Does form 4562 relate to rental property expenses?

[DianeW777]

Yes, the rental property would have depreciation expense.  Georgia (GA) generally follows federal depreciation rules for rental properties (e.g., 27.5 years for residential), but it does not allow federal bonus depreciation or certain IRC Section 179 expenses. You must add back federal bonus depreciation to GA taxable income and depreciate those assets differently, often creating a mismatch between federal and GA tax bases.

TurboTax should handle this correctly but check your GA return to see any differences.

You have access to all forms when you choose to print your return in TurboTax Online/Mobile.  However you are required to pay before printing, but do not have to file until you are ready.

• Can I print a copy of my return in TurboTax Online before filing?

If you are using TurboTax Desktop you can switch to Forms and review all forms and worksheets.

[princemurtuza]

I would like to know to know the answer for this as well

[AmyC]

The federal form 4562 is for depreciation. If you added any new assets this year and took extra depreciation, you will need to to have two sets of books, one for Ga and one for Federal. Take a look at your:

• GA IT-311 (the Ga version of the federal 4562).
• Form 500 Sch 1 - addition to income = bonus depreciation taken on federal return
• GA Depreciation Adj worksheet

You will still claim regular depreciation on GA, just not any bonus depreciation.

To print or view  your forms, including all worksheets:

• In desktop, switch to Forms Mode. 
• For online:
  1. On the left side, select  Tax Tools
  2. Select Print center
  3. Select Print, save or preview this year's return
  4. If you have not paid, select pay now.

@princemurtuza