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12-06-2019
06:29 PM
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Thanks, like you mentioned, we already provide a way to show a different depreciation method, etc. for state vs federal.
There will be a few changes to the program to address this including diagnostic messages (informational around auto limits, bonus depreciation, farm assets (200DB / 5 year / res ADS).
Once the IA forms are included in product, we'll know more about the LKE treatment. If IA does not conform, we'll be on the look out for an automatic adjustment, or a diagnostic that indicates an adjustment is required.
This is what we've got for now, with more to come.
There will be a few changes to the program to address this including diagnostic messages (informational around auto limits, bonus depreciation, farm assets (200DB / 5 year / res ADS).
Once the IA forms are included in product, we'll know more about the LKE treatment. If IA does not conform, we'll be on the look out for an automatic adjustment, or a diagnostic that indicates an adjustment is required.
This is what we've got for now, with more to come.