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Level 2
February 10, 2023
Question

MA depreciation difference

  • February 10, 2023
  • 1 reply
  • 19 views

Where do you enter the accumulated depreciation for Massachusetts differences due to prior year bonus depreciation for schedule E rental property?  The current year Massachusetts depreciation calculated by TT is incorrect and should not be the same as the federal.

1 reply

MaryK4
Level 15
February 12, 2023

In the Massachusetts state section, look for the Do you have any Massachusetts differences to report? (see below).  You have to enter the difference on the page that follows.

 

 

 

 

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MLMAAuthor
Level 2
February 13, 2023

Thank you.  That worked.