Tomcpa04
Level 2
02-27-2022
03:13 PM
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I'm preparing a NC Form 403 for the first time and all of the partners are nonresidents of NC. My questions relates to the addition to income of Sec 179 Expense on form NC-PE. If none of the assets on which Sec 179 expense was taken are located in NC (in this case all are located & purchased in Michigan) is it still necessary to add this amount back?
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