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My State Return shows a deduction for depreciation bonus, but I didn't depreciate anything in 2022. I did in 2021. Where could the number be coming from?

 
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2 Replies
DaveF1006
Employee Tax Expert

My State Return shows a deduction for depreciation bonus, but I didn't depreciate anything in 2022. I did in 2021. Where could the number be coming from?

It may have populated from the 2021 return. To clarify, what state is this?

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My State Return shows a deduction for depreciation bonus, but I didn't depreciate anything in 2022. I did in 2021. Where could the number be coming from?

All set. It was indeed a capital improvement that needs to be depreciated over a few years. Another example of TurboTax being smarter than me, and saving me money.

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