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"Conformity Addition" in Virginia
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Greta
Level 9
Monday
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Can someone direct me to the instructions for Virginia's conformity addition as regards to federal depreciation. It's been many years since I (sort-of) learned it, and no longer understand it. Client has 39-yr depreciation for his AirBnb starting in 2020. He has added capital improvements since then every year also at 39-yr schedule. I was wondering why the conformity addition in 2025 ($940) is the same as in 2024 and 2023 but smaller in 2022. Perhaps it rather refers to a 15-yr landscaping property (150DB) that started in 2022 and had a smaller conformity addition that year?
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Greta
Level 9
Tuesday
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Is there a worksheet in the Virginia software that explains how it calculated Conformity Addition. There has been no bonus depreciation in any of the federal assets entered.
Greta
Level 9
Tuesday
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The conformity addition vanished when I reclassified the capital improvement from a 15-yr SL to 39-yr.
