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.
You'll need to sign in or create an account to connect with an expert.
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.
Thank you. That worked.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
tessie121
Returning Member
user17785269235
New Member
TylerRoadie
Returning Member
lewiskl
New Member
Bilshaw1
Level 1