Screen ALDepr - Alabama Depreciation Adjustments (1120)

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Adjustments for State Differences in Depreciation

Adjustment due to the Federal Economic Stimulus Act of 2008 (Force)
This amount is calculated based on data entered in the asset module. Use this field to enter the adjustment amount if you are not using the asset module.
Adjustment for Section 179 difference of current year assets (Force)
This amount is calculated based on data entered in the asset module. Use this field to enter the adjustment amount if you are not using the asset module.

Adjustments to Income for Disposition of Assets

Depreciation disposition adjustment (Force)
The application automatically calculates the amount based on data entered in the asset module. Use this field to enter the adjustment amount if you are not using the asset module.
note
The adjustment amount is the difference between the Total depreciation in the Tax column and AL column of the asset module for any assets disposed of during the current year.

Section 179 Adjustments

Section 179 carryover from prior years
Enter an amount in this field if the client has a Section 179 personal property carryover from the prior year. The application calculates the Section 179 carryover and proformas it to the next year.
Business income limitation (Force)
Enter an amount to force the business income limitation used to calculate the Alabama Section 179 expense deduction. Enter
0
(zero) in this field if applicable. If this field is blank, the application uses the amount from federal Form 4562.

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