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 GADepr - Georgia Depreciation Adjustments (1120)

Show all hidden content

Disposition of Assets

Depreciation disposition adjustment (Force)
The
Calculated Amount
 is automatically calculated based on data entered in the asset module. Use the
Force
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 GA column of the asset module for any assets disposed of during the current year.
Disposition adjustment on Section 179 assets (S Corp/Force)
The
Calculated Amount
 automatically calculates based on data entered in the asset module. Use the
Force
 field to enter the adjustment amount if you are not using the asset module.

Section 179 Adjustments

Carryover from prior years
Enter an amount if the client has a Section 179 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 Georgia 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.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close