52943
The following diagnostic is generating:
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. https://dor.georgia.gov/income-tax-federal-tax-changes
Solution:
This diagnostic was created to make the user aware of the need to review it and the provided link.
If an adjustment needs to be made: Click on the diagnostic from the Diagnostics tab. In screen 51 Modifications, Georgia, Georgia Additions, Other Additions enter in the appropriate amount. While critically informational, it will not prevent e-filing and does not clear once the adjustment is made.
