Screen SCDepr - South Carolina Depreciation Adjustments (1120)

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Adjustments to Income for Disposition of Assets

Asset disposition adjustment (Force)
If asset data is entered in the asset module, and assets are disposed of, the application calculates the
Calculated Amount.
Use this force field to enter the adjustment amount if you're not using the asset module.
note
The adjustment amount is the difference between the total depreciation in the
Tax
column and
SC
column of the asset module.

Section 179 Adjustments

Section 179 carryover from prior years
Enter an amount if the client has a Section 179 personal property carryover from the prior year. The application calculates the Section 179 carryover and proformas it to the next year.
Business income limitation (Force)
Enter an amount to force the business income limitation used to calculate the Section 179 expense deduction. Enter
0
(zero). If this field is blank, the application uses the amount from federal Form 4562.

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