Skip to main content
Level 1
March 15, 2023
Question

On New jersey cbt 100s corporate return depreciation worksheet is blank, but on Sch S line 8 prior year deprec is populated , but line 9 current year is not?

  • March 15, 2023
  • 1 reply
  • 8 views
No text available
This topic has been closed for replies.

1 reply

Level 3
March 17, 2023

Hi jcmpro21, Sch S line 8 reports the current year depreciation for assets that was placed in prior year. Sch S line 9 reports the current year depreciation for assets that was placed in current year. NJ Depreciation Worksheet I on Form CBT-100S, page 17 reports the depreciation for assets placed in current year which flows to Sch S, line 9. If you don't have any assets placed in service in 2022, both NJ Depreciation Worksheet I and Sch S line 9 should be blank.