Screen KYDepr - Kentucky Disposition and Section 179 Adjustments (1120)

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Adjustments to Income for Disposition of Assets

Kentucky ordinary gain (loss) (Force) / Kentucky short-term gain (loss) (Force) / Kentucky long-term gain (loss) (Force)
The application automatically calculates the
Calculated Amount
based on data entered in the asset module. Use the
Force
column to enter the amount of addition if you are not using the asset module.
note
The amount is the Total depreciation in the Kentucky column of the asset module for any assets disposed of during the current year.

Section 179 Adjustments

Section 179 carryover from prior year
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 Kentucky 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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