Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Discrepancy in the amount of depreciation on the state tax returns compared to the federal tax return?

I am handling a tax return where the depreciation of the rental property is X in the federal tax return.  However, ProConnect California calculates almost 3X depreciation in the state tax return.  Where did I make a mistake?  

0 Cheers
1 Best Answer

Accepted Solutions

Never mind. I found the source of the problem. The cost bases were different.  After I correct it, then the depreciation amounts are the same. 

View solution in original post

0 Cheers
1 Comment 1

Never mind. I found the source of the problem. The cost bases were different.  After I correct it, then the depreciation amounts are the same. 

0 Cheers