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Screen NHDepr - New Hampshire Depreciation Adjustments (1040)

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Overview

Use this screen to enter adjustments to federal income for depreciation differences.

Adjustments for State Differences in Depreciation

Use this section to enter information to calculate increases and decreases to federal income required to complete Form NH-1040.
Unit / Form
If you're not using the asset module, enter form and unit number to report depreciation adjustments on Form NH-1040. To turn on the asset module, select
File
,
Client Properties
,
Advance Properties
,
Enter Asset Detail
.
T, S, J
New Hampshire doesn't enable the splitting of joint business activities. Any activity coded
J
 is assigned to the taxpayer.
Depreciation - Section 179, Section 168(k), and regular
If you're not using the asset module, you may enter depreciation amounts to report on Form NH-1040 in this statement window. To turn on the asset module, select
File
,
Client Properties
,
Advanced Properties
,
Enter Asset Detail
.

Section 179 - Prior Years Carryover and Current Year Amount

Use this section to enter information to calculate the Section 179 amount.
Federal (Force)
Use this field to force the federal carryover or disallowed amount of Section 179 to report on Form NH-1040. To force the federal Section 179 carryover from prior year utilized in current year, enter a positive amount. To force a disallowed amount, enter a negative amount.
New Hampshire (Force)
Use this field to force the reported amount of Section 179 carryover or disallowed Section 179 as calculated under New Hampshire tax law on Form NH-1040. To force the New Hampshire Section 179 carryover from prior year utilized in current year, enter a positive amount. To force a disallowed amount, enter a negative amount. If the amount entered is less than the amount entered in the
St CO
 screen, the difference proforma’s to next year’s federal
St CO
 screen.

Other Income

Use this section to enter information to indicate recaptured depreciation and other adjustments.
Prior years Section 179 / Recomputed Section 179: Federal
UltraTax/1040-NH reports on Form NH-1040 as an other adjustment to amounts reported on the federal return the difference between the federal prior-year Section 179 amount and the recalculated Section 179 amount. Use data entry fields in the federal
C
,
Rent
,
F
, or
4835
 screen to change these amounts.
Prior years Section 179 / Recomputed Section 179: New Hampshire
UltraTax/1040-NH reports on Form NH-1040 as an other adjustment for New Hampshire amounts the difference (under New Hampshire tax law) between the prior year Section 179 amount and the recalculated Section 179 amount.
Prior years Section 280F / Recomputed Section 280F: Federal
UltraTax/1040-NH reports on Form NH-1040 as an other adjustment to amounts reported on the federal return the difference between the federal prior year depreciation and the recalculated amount under section 280F. Use the Asset module or the force fields in the federal
C
,
Rent
,
F
, or
4835
 screen to change these amounts.
Prior years Section 280F / Recomputed Section 280F: New Hampshire
UltraTax/1040-NH reports on Form NH-1040 as an other adjustment for New Hampshire amounts the difference (under New Hampshire tax law) between the prior-year depreciation and the recalculated amount under section 280F. Use the force fields to change the amounts used in the calculation.
Other adjustments pursuant to RSA 77-A:1, XX and 77-A:3-b, III
Use the statement window to report on Form NH-1040 other adjustments to federal and New Hampshire amounts.

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