CA Sec. 179

Forum|Forum|5 years ago
July 4, 2020
1 reply
1 view

I have ProSeries basic I want to take sec. 179 on computers purchased. Federal did it automatically but state did not. For the state of California do I have to go to the CA asset entry worksheet and put the full amount on the line labeled Section 179 deduction?

ProSeries Basic

This topic has been closed for replies.

Best answer by Just-Lisa-Now-

Are you choosing YES to the Economic Stimulus Qualified Property question on the asset entry worksheet on the federal? CA doesnt conform to that special depreciation.

Just-Lisa-Now-

Intuit Community Champion

CA should do it automatically as well, they have different limits than federal, but you should still see it on the CA3885A 179 worksheet

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

M

monicacAuthor

Level 5

That what I thought too, but when I look at the depreciation worksheet it only shows it taking off part of the total. When I put the total in Sec. 179 deduction in CA and look at the worksheet it shows Ca Dep. Deduction is zero but the amount he owes goes down.

Just-Lisa-Now-

Answer

Intuit Community Champion

Are you choosing YES to the Economic Stimulus Qualified Property question on the asset entry worksheet on the federal? CA doesnt conform to that special depreciation.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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