Screen VTDeprS - Vermont Depreciation Adjustments (1120)

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Refer to: 1120 Vermont frequently asked questions

Adjustment to Income for Disposition of Assets

Depreciation adjustment to ordinary business income (loss)
The application automatically calculates the amount based on data entered in the detailed asset data entry. Use the
Force
field to enter the amount of adjustment if you are not using the detailed asset data entry.
Depreciation adjustment to rental real estate income (loss)
The application automatically calculates the amount based on data entered in the detailed asset data entry. Use the
Force
field to enter the amount of adjustment if you are not using the detailed asset data entry.
Depreciation adjustment to other rental income (loss)
The application automatically calculates the amount based on data entered in the detailed asset data entry. Use the
Force
field to enter the amount of adjustment if you are not using the detailed asset data entry.
Depreciation adjustment to royalties
The application automatically calculates the amount based on data entered in the detailed asset data entry. Use the
Force
field to enter the amount of adjustment if you are not using the detailed asset data entry.
Depreciation disposition adjustment
The application calculates the
Calculated Amount
based on information entered in the asset module. Use the
Force
field to enter the amount of the adjustment if you are not using the asset module.
note
The adjustment amount is the difference between the
Tax
column and
VT
column of the asset module for any assets disposed of during the current year.

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