jkfmsi
Level 3
09-01-2022
07:58 AM
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For taxable years after 12/31/2020, K-120EX Part B column (e) now includes Section 179 AND Bonus Depreciation. In prior years, only Bonus Depreciation was included. It appears that the change was made in July 2021. I have several Kansas K-120 tax returns that gave clients a deduction that they were not eligible for. We missed the wording change on the form and the software is not populating the amount correctly. Has anyone else had this come up?
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