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In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
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2019 CT-1065
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ValerieKurtz
Level 1
07-07-2020
06:39 PM
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CT-1065
Page 4, Part I Sch C-CT Modifications, Line 10
So the program rolled over 25% of the 2018 168(k) taken on the actual CT return and deducted 25% of Federal 168(k) deduction times the CT allocation for that year. Okay. When I put in 2017 168(k) deduction, it didn't ask for the CT allocation for the 2017 year, only the total Federal amount (which was also the 2018 pre-filled in amount). I cannot reconcile the number that shows up at all. Would seem like 2017 bonus deprec x 2017 allocation x 25% would be added to the 2018 amount computed exactly that way and end up as the modification total. It doesn't.
I got in que to get a call back. 2 hrs later, they call and no one is at the end of the line!
Thanks for any help.
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