Accountant-Man
Level 13
06-11-2021
02:53 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I don't believe it has an annual chart of annual deductions, but it might have an accumulated box and current year box.
S corps have NJ Sch S, which adds back the special allowance or too much Sec 179, then subtracts the NJ depr amount. THE DIFFERENCE is the adjustment to the total net income. The annual allowed amount is on the federal Asset w/s in the State section.
1040s are different. NJ has a NJ GIT-DEP that shows the annual depr and accumulated, but no yearly breakdown.
** I'm still a champion... of the world! Even without The Lounge.