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BigN
Level 1

Massachusetts Depreciation Differences

I took bonus depreciation on the Federal return for farm equipment (schedule F) on both my2021 and 2022 returns.   It appears as though I got no depreciation for these items on the Massachusetts return.  I know that MA does not recognize bonus depreciation, but it seems as though I should have been able to take the "normal" MACRS deduction on the state return.  Where would I have made that adjustment and if I were to go back and amend the state returns - can I do that in Turbo Tax?

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1 Reply
evelynm
Employee Tax Expert

Massachusetts Depreciation Differences

Hello - your question is similar on Schedule E - you mentioned Schedule F - the link below should be a great resource for you: 

 

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/ma-depreciation-difference/00/28...

 

Here is a link if you need to amend the Massachusetts return:   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/need-amend-state-return/L3hGF...

 

Have an amazing day. Evelyn M (CPA 20+ years)
I would love a thumbs up 🙂 + Mark the post that answers your question by clicking on "Mark as Best Answer"
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