TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 2

Question

Georgia Depreciation Adjustment Fields Blank

Forum|Forum|3 years ago
May 20, 2023
1 reply
0 views

I am a Georgia resident with out-of-state rental income. This will be the first year I am reporting on this recently inherited properties. In the Georgia tax return window, the "Depreciation Adjustment Subtraction" and "Depreciation Adjustment Additions" fields are empty.

1. Does TurboTax automatically do these calculations?

2. If not, how do I figure this out?

Thanks.

Level 15

Your Georgia income is based on your Federal Adjusted Gross Income Form 1040 Line 11.

Those entries have nothing to do with an out of state rental property.

Depreciation Adjustment Subtraction - Enter depreciation differences between Georgia and federal in years 1981 through 1986.

Depreciation Adjustment Additions - You may need to add to your Georgia income when your federal depreciation is more than the allowed Georgia depreciation. This may happen during the first years of depreciation or when you take bonus depreciation. Add the difference when your federal depreciation expenses are larger than Georgia's

Level 2

So, if I understand this correctly, TurboTax does not automatically populate these fields, right?

Level 15

Adjustments may be needed by you if required ... if the program doesn't give you the option it is because it is not required.

Requirements :

Depreciation Adjustment Subtraction - Enter depreciation differences between Georgia and federal in years 1981 through 1986.

Depreciation Adjustment Additions - You may need to add to your Georgia income when your federal depreciation is more than the allowed Georgia depreciation. This may happen during the first years of depreciation or when you take bonus depreciation. Add the difference when your federal depreciation expenses are larger than Georgia's