Which state conform to federal bonus depreciation?

[Anonymous]

I sold some MLP and in there are 2 forms in K1 states conform and don't conform to  federal bonus depreciation. I live in TN. Which is for TN?

[tagteam]

The following is a matrix for state conformity, but you should absolutely check each state's web site.

http://www.proware-cpa.biz/pdf/akpro/states_bonus_depreciation_conformity.pdf

[Anonymous]

https://pro.bloombergtax.com/state-conformity-with-federal-depreciation-rules/

I live in TN. According to your link TN DOES conform but in the above link it say it does NOT conform according to new tax changes. Now  I am confused.

[tagteam]

That is why I specifically suggested visiting the state's web site, and not to rely on other sources. 

https://revenue.support.tn.gov/hc/en-us/articles/204520525-May-Federal-bonus-depreciation-expense-be...

[Anonymous]

Thanks, My link was correct in saying TN does not allow bonus depreciation.

[tagteam]

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@Anonymous wrote:

Thanks, My link was correct in saying TN does not allow bonus depreciation.

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I don't mean to be picky, but your link does seem to focus specifically on corporate income tax.

[Anonymous]

no problem, thanks I have few questions regarding K1 sale and ordinary gain. I have posted them separately. Would you be kind enough to give your input?