Screen MADepr - Massachusetts Depreciation Adjustments (1120)

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Adjustments for State Differences in Depreciation

Ordinary income depreciation adjustment / … / Other rental income depreciation adjustment
The application calculates the
Calculated Amount
boxes based on data entered in the asset module. Use the
Force
boxes to enter the amounts if you're not using the asset module.
note
The adjustments represent depreciation calculated with and without bonus depreciation. These amounts appear on Forms 355; 355S, Schedule E, line 9; and 355U, Schedule U-E, line 16 for Massachusetts affiliated groups filing pursuant to an affiliated group election.

Adjustments to Income for Disposition of Assets

Ordinary income disposition adjustment
The application calculates
Calculated Amount
based on data entered in the asset module. Use the
Force
box to enter an amount if you're not using the asset module.
note
The adjustment represents the difference between the Total depreciation in the Tax column and MA column of the asset module for any assets disposed of during the current year. This amount appears on Forms 355; 355S, Schedule E, line 9; and 355U, Schedule U-E, line 16 for Massachusetts affiliated groups.

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