Screen VADepr - Virginia Depreciation Adjustments (990)

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Depreciation Adjustments for Disposition of Assets

Depreciation disposition adjustment
This amount calculates automatically based on your entries in the asset module. Use the
Force
field to enter the amount of addition if you are not using the asset module. The adjustment amount is the difference between the total depreciation in the Tax column and VA column of the asset module for any assets disposed of during the current year.

Section 179 Adjustments

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 amount from federal Form 4562 is the default.

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