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Screen PAFR-2 - Pennsylvania Farm Rental - Expenses (1065)

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Expenses

Depreciation (Force) / Amortization (Force)
If you use detailed asset data entry, the application determines the depreciation and amortization expense for each farm rental activity. If you determine the depreciation or amortization amount is different, you may use
Depreciation (Force)
or
Amortization (Force)
in this screen, but it's strongly recommended that you change the amount in detailed asset data entry to ensure that the PA Depreciation and Gain Adjustment Worksheet is correct.
note
If you don't want to use detailed asset data entry, use the PADepr screen to enter the depreciation expense instead of the
Depreciation (Force)
 or
Amortization (Force)
 boxes.
Taxes
The application transfers the taxes entered in the federal 4835 screen to the statement. Type codes are used to classify the taxes as deductible or nondeductible for state purposes. If you have nondeductible taxes, refer to the following table for the type codes.
Type Code
Description
Destination
D
Deductible (default)
PA Farm Rental Income and Expenses Worksheet
N
Nondeductible
Schedule M, Rental, Section E, line a
Other expenses
The application transfers the other expenses entered in the federal 4835 screen to the statement. Type codes are used to classify the taxes as management fees or other expenses for state purposes.
Type Code
Description
Destination
M
Management Fees
PA Farm Rental Income and Expenses Worksheet
O
Other Expenses (default)
PA Farm Rental Income and Expenses Worksheet

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