Screen VADepr — Virginia Depreciation Adjustments (1120)

Show all hidden content

Depreciation Adjustments for Disposition of Assets

Depreciation disposition adjustment (Force)
The application calculates the amount based on data entered in the asset module. Use the
Force
field to enter the amount of addition if you're not using the asset module.
note
The adjustment amount is the difference between the
Total depreciation
in the
Tax column
and
VA column
of the asset module for any assets disposed of during the current year.

Section 179 Adjustments

Section 179 carryover from prior year
Enter an amount if the client has a section 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 applicable. If this field is blank, the application uses the amount from federal Form 4562.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close