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

Ohio K1 Form 1065 Bonus Depreciation Adjustment Not Calculating Correctly

BST
Level 2

The OHIO Schedule IT K1 for Form 1065, specifically Part II Investor's/Beneficiary's Ohio Depreciation Adjustments.  The Bonus/179 Depreciation Prior Year Add-Back section shows the wrong years, it shows the current year 2020 amount as 2019 and it shows the 2019 amount in 2018.  Does anyone else experience this?   

This discussion has been locked. No new contributions can be made. You may start a new discussion here

2 Comments 2
PATAX
Level 15

@BST is it possible for the client to ask for a corrected K1? This may be your best bet... Just my opinion

0 Cheers
BST
Level 2

Maybe I wasn't clear enough sorry - Proseries is not calculating the Ohio K1 correctly regarding the Bonus Depreciation Add Back.  It seems to be a glitch to me and I wondered if any other preparer noticed and whether Proseries was fixing it.  

0 Cheers