@CarlThanks. I understand the federal and state are different. My question is more about state taxation because it is where conformity issue comes from. I am no...
@CarlYeah I understand that. But my situation is that the assets were acquired in 2023 and normal depreciation is only 20% assuming 5 year lifespan. My question...
It is Maryland. But my case may be a little confusing. It is a Delaware LLC and we moved the operation to Maryland in 2023 after we acquired the assets. Accordi...
@DianeW777Thanks for the prompt reply. I am not sure how "operation" is defined. The company is registered in January 2022 and remain inactive (i.e. no income a...