Buddy95
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Looking at the Activity Worksheet for 2021 Part II - Regular Income/Loss - Line 1 Federal income is 10,176 Line 2a Bonus Depreciation is 15081 (the full cost of...
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I too take issue with how TurboTax is calculating the Mass depreciation deduction in 2021 for an asset that had bonus depreciation on the Federal. Took bonus de...
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Hi Alicia - I found out why no QBI this year - taxable income this year is $0, whereas it was positive last year. Thank you
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I did not sell any assets in 2021 so the capital gain differences screen does not seem to be available for my return in TurboTax. The depreciation entered on th...
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Does Turbo Tax make that adjustment for bonus depreciation automatically or do I have to enter that adjustment somewhere manually or indicate somewhere that it ...
Activity Feed for Buddy95
- Posted Re: Why is there a depreciation adjustment on my Massachusetts state return? on State tax filing. March 12, 2022 4:36 AM
- Posted Re: Why is there a depreciation adjustment on my Massachusetts state return? on State tax filing. March 5, 2022 6:15 AM
- Posted Re: Qualified Business Income - Schedule F on Deductions & credits. February 25, 2022 9:29 AM
- Posted Massachusetts Depreciation Adjustments from Federal Return on Deductions & credits. February 25, 2022 4:32 AM
- Posted Qualified Business Income - Schedule F on Deductions & credits. February 25, 2022 4:27 AM
- Posted Re: Why is there a depreciation adjustment on my Massachusetts state return? on State tax filing. February 23, 2022 5:46 AM
- Posted Re: Why is there a depreciation adjustment on my Massachusetts state return? on State tax filing. February 22, 2022 5:47 PM