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Screen GADepr - Georgia Depreciation Adjustments (1040)
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Overview
Use this screen to enter adjustments to federal income for depreciation differences.
Adjustments for State Differences in Depreciation
Federal / Georgia depreciation adjustment subject to limitations
Per the Georgia Department of Revenue, depreciation differences based on federal passive activity losses, basis, at-risk and Section 179 should be adjusted on the Georgia return. Amounts in this statement are used to calculate the addition to income for federal depreciation deducted on the federal return per activity. There is one line item in the statement for each federal activity. Columns for ordinary losses suspended by shareholder or partner basis, at-risk, passive activity rules, or Section 179 update automatically. The current-year depreciation for federal and Georgia is calculated from data you enter in the asset module and is displayed in the column. For partnership activities, depreciation for unreimbursed partnership expenses (UPE) you enter in the asset module are under the column. Enter any prior-year depreciation not yet added to income in the
2025
Depreciation2025
UPE Pr Yr Susp Depreciation
column. Enter any prior-year UPE not yet added to income in the Pr Yr Susp UPE
column.Only line items with an amount in either depreciation column are included in the calculation of the Georgia Depreciation Reconciliation Worksheet. The total of the two columns is netted in the
Total Depreciation to Adjust
column. Federal depreciation and Section 179 are added to income on Georgia Schedule 1, Adjustments to Income Based on Georgia Law. Georgia depreciation and Section 179 are subtracted from income on Georgia Schedule 1. A negative total is a current-year depreciation difference resulting from a depreciation addition to income in prior years. All current-year negative depreciation is subtracted on the Georgia return. A positive total is the result of depreciation taken on the federal return in either the current year or suspended from prior years, to be added to income. The addition is limited to the amount used to calculate federal adjusted gross income; any addition to income for depreciation expense excluded from federal AGI calculations due to suspended losses is carried over to next year. UPE additions are limited by suspended passive activity losses and Section 179 limitations only. All other additions are limited by all suspended losses. Suspended amounts are calculated based on the federal or the state depreciation and UPE.For part-year and nonresident returns, the
PYNR Instate Percentage
column is updated based on federal data entry in the main activity screen or the allocation spreadsheet and may be changed in the depreciation statement. The PYNR Adjustment
column is the Adjustment to Income
column multiplied by the PYNR Instate Percentage
column. This is included in calculating the Georgia Schedule 3, Computation of Georgia Taxable Income for Only Part-Year and Nonresidents.Adjustment for Form 2106
UltraTax CS automatically calculates this amount based on data entered in the asset module. Use the force fields to enter the adjustment amount if you aren't using the asset module.
This amount is calculated on the Georgia Depreciation Reconciliation Worksheet based on data from the Georgia Recomputed Form(s) 2106. This is reported on the Georgia Recomputed Itemized Deduction Worksheet as an adjustment to miscellaneous deductions subject to the 2 percent AGI limit.
Section 179 Expense
Use this section to edit amounts calculated on the Georgia Recomputed Form(s) 4562 due to differences between federal and state Section 179 limits.
Amounts in this section default to federal values as reported on federal Form 4562.
Section 179 carryover and Section 179 suspended for basis and at-risk
Enter prior year Section 179 that's been suspended on federal Form 4562 by Basis and At-Risk in the Georgia S179 Suspended column. For part-year / nonresidents, enter the instate amount. The Depreciation Reconciliation Worksheet displays the Georgia Section 179 suspended by basis and at-risk adjustment for the 4562 and also displays the Section 179 amounts for the carryover.
For part-year / nonresidents, the instate percentage is transferred from the federal entity input screens in the allocation grid. If there's no percentage in the allocation grid, the postal code is used.
Part-year and Nonresident Adjustments
Use this section to modify the calculated part-year/nonresident amounts.