Screen RIDepr - Rhode Island 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

Bonus depreciation adjustment increasing AGI / … / Section 179 adjustment decreasing AGI
Use these fields to force amounts for bonus depreciation and section 179 adjustments that increase or decrease Rhode Island AGI. Enter all amounts as positive numbers.
Part-year/Nonresident depreciation adjustment
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 are not using the asset module.
note
This amount is calculated on the Rhode Island Depreciation Reconciliation Worksheet based on data from the 4562 Worksheet(s) for all activities except 2106. This is reported on Form RI-1040 or RI-1040NR as a modification to income.
Adjustment for Form 2106, resident return
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 are not using the asset module.
note
This amount is calculated on the Rhode Island Depreciation Reconciliation Worksheet based on data from the 2106 Worksheet(s). This is reported on Rhode Island Itemized Deductions Worksheet as an adjustment to miscellaneous deductions subject to two percent AGI limit.
Bonus depreciation disposition adjustment decreasing AGI / Section 179 disposition adjustment decreasing AGI
Use these fields to force amounts for bonus depreciation and section 179 adjustments on dispositions that increase or decrease Rhode Island AGI. Enter all amounts as positive numbers.
Part-year/Nonresident disposition adjustment
UltraTax CS automatically calculates these amounts on the Rhode Island Adjustment for Disposition of Assets Worksheet, based on data entered in the asset module. Use the
Force
fields to enter the adjustment amount if you are not using the asset module.

Section 179 Expense

Use this section to edit amounts calculated on the 4562 Worksheet(s) due to differences between federal and state section 179 limits.
note
Amounts in this section default to federal values as reported on federal Form 4562.

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