3635759
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 calculate the Depreciation Adjustment Addition for Georgia return? I expected TurboTax to do this.

 
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.

1 Reply
KrisD15
Expert Alumni

How do I calculate the Depreciation Adjustment Addition for Georgia return? I expected TurboTax to do this.

TurboTax dose not compute that adjustment. 

 

HERE is a link of the depreciation adjustment the federal may allowed that the Georgia return does not. 

 

The most likely adjustment would be if you claimed any Bonus/Special Depreciation. Georgia does not recognize that and the depreciation would need to be added back to income for that. 

In following years, depreciation for that asset might need to be subtracted from income on the Georgia return if the asset has no basis left on your federal return, (therefore no further depreciation taken)

 

Georgia does recognize the Section 179 Deduction, so no adjustment needs to be made for that. 

 

  

 

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question