I have a rental property in PA that has been rented at FMV for the whole year. I am an out of state owner filing a non-resident form for PA. In TT how do I handle the question attached. I also don't remember how or what I did for the last 3 years that I have been an owner of this property. I might have simply selected Yes but I'm not sure if that is the correct choice in my case.
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TurboTax is asking you if your Federal depreciation would be the same as your Pennsylvania depreciation besides any adjustment for special bonus depreciation or the section 179 deduction. TurboTax is saying it has already calculated those differences if applicable.
See this Pennsylvania DOR webpage and this one for additional explanation.
If you know of no other differences, you can respond "yes".
TurboTax is asking you if your Federal depreciation would be the same as your Pennsylvania depreciation besides any adjustment for special bonus depreciation or the section 179 deduction. TurboTax is saying it has already calculated those differences if applicable.
See this Pennsylvania DOR webpage and this one for additional explanation.
If you know of no other differences, you can respond "yes".
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