Screen MADepr - Massachusetts Depreciation Adjustments (1041)

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Adjustment for State Depreciation Differences

Depreciation difference adjustment: Total
The difference between federal depreciation and the amount of federal depreciation without bonus depreciation copies to
Calculated
. If you are not using the asset module, or if you want to override the calculated amount, enter the addition in
Force
.
Depreciation difference adjustment: Non-Massachusetts source
The difference between federal bonus depreciation and the amount of federal depreciation without bonus depreciation for non-Massachusetts source assets copies to
Calculated
. If you are not using the asset module, or if you want to override the calculated amount, enter the addition in
Force
.

Adjustment for Disposition of Assets

Bonus depreciation adjustments
The difference between the federal basis of the asset and the basis without bonus depreciation based on data entered in the
MA
column of the asset module copies to
Calculated
. If you are not using the asset module, or if you want to override the calculated amount, enter the addition in
Force
.

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