Screen MDDepr - Maryland Depreciation Adjustments (990)

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Adjustments for State Differences

Other related changes: Passive losses
A change to federal taxable income might affect the amount of passive losses used to offset income this year. Enter the amount of any change to the allowable loss.
Other related changes: Others
Enter any other adjustments that relate to depreciation differences.

Adjustments for Disposition of Assets

Use this section to enter amounts for gains and losses on the sale of property due to differences in depreciation.
Gain (loss) on sale of property
If you aren't using the asset module, use the
Force
field to enter the gain or loss .

Section 179 Adjustments

Section 179 carryover from prior year - personal property / qualified real property
If the client has a Section 179 carryover from the prior year, enter the amounts. The Section 179 carryover calculates and proformas to the next year.
Business income limitation (Force)
Enter an amount to force the business income limitation used to calculate the Section 179 expense deduction. Enter
0
(zero) if applicable. If you leave this field blank, the default is the amount from federal Form 4562.

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