Skip to main content

Solutions

Products

Recommended products

Questions? We are here to help.
Contact us

Purchase

Questions? We are here to help.

Resources

Screens

Screen OHDepr - Ohio Depreciation Adjustments (1041)

Show all hidden content

Adjustment for State Depreciation Differences

Federal section 168(k) bonus depreciation (5/6)
The federal bonus depreciation from the asset module copies to the
Calculated
 field. If you are not using the asset module, or if you want to override the calculated amount, enter the addition in the
Force
field.
Waive addback for less than 5% owner
Enter
X
 to waive reporting the bonus depreciation addback for less than five percent owner of the trust or estate.
Depreciation adjustment add back
The federal bonus depreciation from the asset module copies to the
Calculated
 field. 5/6 of the current year bonus depreciation taken on the federal return calculates automatically. Select the appropriate code to recalculate the adjustment of the current year bonus depreciation.
Other adjustments
Enter the amount of adjustment from all pass-through entities in the
Adjustment
 field. Enter the portion from electing small business trusts in the
ESBT
 field.

Adjustment for Prior Year Depreciation Differences

Year assets placed in service
Enter the bonus depreciation add back amount only for qualifying assets placed in service from prior years if you are not using the asset module, or to override the calculation.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close