Screen INDepr - Indiana Depreciation Adjustments (1040)

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Adjustments for State Differences in Depreciation

Use this section to enter adjustments for depreciation differences to report in the Fed/IN Difference column of the Indiana Depreciation Reconciliation Worksheet or to force the amounts reported on the Adjustment for Disposition of Assets Worksheet. Amounts from the Worksheets are reported on Schedule 1 or Schedule B.
Section 179 adjustment - K-1 Adjustment
Enter adjustments for the enabled Section 179 expense deduction reported on the IN Depreciation reconciliation worksheet. Adjustments will automatically calculate for resident returns only based on federal Form 4562, the
Section 179 expense deduction
on the federal
K1-3
screen (under IN law), and the IN 4562 worksheet.

Section 179 Expense

Use this section to edit amounts calculated on the 4562 worksheet(s) due to differences between federal and state Section 179 limits.

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