North Carolina bonus depreciation
- The add back for bonus depreciation is 85% of the bonus depreciation. It displays on line 3 of Schedule A.
- The 85% add back is then allowed as a deduction spread over the subsequent 5 years (20% per year).
- The deduction for bonus depreciation previously added back displays on Form 407, Page 2, Schedule A, line 10.
- Per the state, no adjustment is necessary for GO Zone depreciation on the NC 1041 return.
