Georgia Depreciation Non-Conformity to OBBA

[ClintCPA]

Has anyone encountered that ProSeries now has a new checkbox to acknowledge that you must manually complete a Ga form 4562 and attach it as a PDF and then manually calculate the state non-conformity amount?

If so, is there a simple way to do this rather than have to complete a GA form 4562 manually?

[ClintCPA]

P.S., this is on form 500 for a schedule C filer.

[IntuitAmyC2]

On the federal 4562, asset entry Worksheet, as you scroll down, there is a state depreciation section. Scroll down about halfway. It will show the state name and allow you to use state amounts. It also has a check box at the bottom to include the asset in the state return.

In the state return, you will see Fed/State adj with the state changes made in the correct section for you.

[ClintCPA]

Thanks.  I was aware of where to get the numbers on the Federal side for GA.  The actual issue is completing the GA form 4562 that ProSeries indicates is required to be attached to the GA return as a PDF.  For client with a large number of assets, this will take a significant amount of time to create.  

[acctdept]

I just saw that as well.  I had opted bonus depreciation for an asset on the federal and now the GA is wanting Form 4562.  If I don't elect bonus, the error on Georgia goes away.  Any idea if ProSeries will add GA Form 4562 ?   As you mentioned, having to do it manually will required additional time.

[ClintCPA]

I have not heard any updates from ProSeries on adding the GA 4562 form thus far.