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Level 2
posted Mar 9, 2025 7:59:45 AM

Is the Oregon special depreciation amount different than the federal SDA in 2023?

I am transferring an asset through a 1031 exchange and TT desktop is asking me for the Oregon Special Depreciation amount.  The OR depreciation schedule does not list the asset separately.  Should I enter the amount from the Federal schedule as it is reflected on my 4562?

 

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1 Replies
Expert Alumni
Mar 13, 2025 1:05:00 PM

OR requires you maintain the integrity of the asset being replaced. Therefore, if the property differs from the federal, an adjustment should be made. OR began conforming to the federal in 2017.

See Schedule OR-DEPR, Oregon Depreciation Schedule Instructions to help you determine if you need to make any adjustments.