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

[corinneL]

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?

[MindyB]

No, the Oregon special depreciation allowance was not different than the federal amount in 2023. If the asset you are exchanging was purchased in 2023, yes, you can use the amount of special depreciation from your 4562 (80%).  

In 2023, Oregon conformed to the federal rules for bonus depreciation.  Per the 2023 Oregon Depreciation Schedule Instructions, you are specifically instructed to report the same deprecation as used on the federal return, except for assets placed in service in 2009 and 2010.

[corinneL]

thanks

[corinneL]

I have exchanged a number of assets listed on the Oregon depreciation schedule.  I have a relinquished asset that is a result of the exchange.  How do I merge the individual assets with the relinquished asset?

For example:

listed on OR depreciation schedule:

siding $13k

carpet $1k

fence $4k

These items are included in a replacement asset in a new property.  TT is picking up the new asset and not dropping the old ones.  How can I fix this?