I am working on an induvial return and they have a partnership K-1 with bonus depreciation. Where do I enter it so it flows through to the OH return? I don't see a place on the K-1 entry screen.
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Isn't bonus depreciation already deducted in Line 1 ordinary income(or line 2 real estate income)?
Accountant-Man,
For Ohio, you need to do a 5/6 add back since Ohio doesn't allow the full deduction. I thought there was a place I could enter the bonus depreciation on the K-1 to make this calculation.
Thanks
Look for the line on the OH return that shows the addback - I'm guessing there is one hiding someplace in the OH return.
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