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Level 2
posted Apr 6, 2022 3:06:30 PM

Virginia Fixed Date Conformity - Depreciation

I have a VK-1 with a fixed date conformity (depreciation) amount on line 14. Where can this be entered in TurboTax?

 

I found this suggested solution: How do I enter the amount on my Virginia VK-1 line 14 in turbotax?

 

However, when I follow those steps to enter the value on the state return under Misc > Other Fixed Date Conformity Subtractions, the text at the top of the page explicitly says not to enter depreciation adjustments on that page. Are FDC subtractions for depreciation entered somewhere else?

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2 Replies
Level 2
Apr 13, 2022 9:15:28 AM

In case it helps anyone else, I ended up entering the depreciation adjustment under the Misc > Other Fixed Date Conformity Subtractions despite the warning from TurboTax not to enter depreciation there. I verified in the end that it all rolls up to the correct total on line 6a of the Virginia Schedule ADJ, so hopefully that works...

New Member
Apr 17, 2022 7:08:12 AM

I have this very same issue, and I went your solution - just ignoring the warning in TT.  I've done this in past years, and there doesn't seem to be a problem.