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- Re: mississippi depreciation add back
mississippi depreciation add back
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harveyburger
Level 2
05-15-2023
05:56 PM
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The Mississippi depreciation is more than the federal and there is an add back on the MS tax return which I understand to be a passive add back but I am unable to determine how that amount is entered as there is no supporting schedule.
Can anybody help me.
Harvey
[removed]
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3 Comments 3
sjrcpa
Level 15
05-15-2023
06:42 PM
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1. This is a public forum. Remove your phone #.
2. Look at the state depreciation schedule.
3. If Miss depreciation is more than federal depreciation, wouldn't that be a subtraction on the state return?
The more I know, the more I don't know.
harveyburger
Level 2
05-15-2023
07:41 PM
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The federal depreciation is $23,264; the state depreciation is $39,630 and the add back is $23,870. There is no supporting worksheet for this that I can find.
sjrcpa
Level 15
05-15-2023
08:06 PM
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Then maybe depreciation isn't the only difference.
Or, is Miss like OH and NC where there are addbacks for multiple years of depreciation?
The more I know, the more I don't know.
