Screen MNDepr - Minnesota Depreciation Adjustments (1065)

Show all hidden content

Depreciation Adjustment for Prior Year Assets

For each of the years listed, UltraTax CS uses the amounts from these fields to determine the current-year depreciation adjustment for assets placed in service in a prior year. The adjustment appears on the MN Depreciation Adjustment Worksheet. These amounts proforma from one year to the next.
note
One-fifth of each amount entered here is taken as a deduction in each of the five succeeding years on the MN Depreciation Adjustment Worksheet. One hundred percent of this amount appears on Schedules KPI and KPC, Supplemental Information.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close