52497
This return includes both an adjustment on the Federal Schedule 1 for excess loss adjustment (ELA from Form 461) and an amount of depreciation adjustment on the GA form 500, Schedule 1. Please review the guidance on the GA Dept. of Revenue website with regard to the adjustment to the federal loss limitation on the GA return that may be required when the business income and deductions for GA differ from federal. http://dor.georgia.gov//income-tax-federal-tax-changes.
Solution: This diagnostic indicates that the GA Dept of Revenue does not conform to some federal adjustments in regards to Form 461 limitations on the Schedule 1. Lacerte does not automatically adjust for these nonconformity rules for the state of Georgia. Please review the attached hyperlink, and make any adjustments needed to remove any loss limitations from the GA return. Screen 51.201, Georgia Modifications has fields that will allow you to make these adjustments, if needed.
