chenlinff-gmail
Level 2
04-10-2023
06:21 PM
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I am handling a tax return where the depreciation of the rental property is X in the federal tax return. However, ProConnect California calculates almost 3X depreciation in the state tax return. Where did I make a mistake?
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chenlinff-gmail
Level 2
04-11-2023
11:44 AM
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Never mind. I found the source of the problem. The cost bases were different. After I correct it, then the depreciation amounts are the same.
