Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Re: Maryland Decoupling & Special Depreciation
Maryland Decoupling & Special Depreciation
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
bogwhan
Level 1
09-01-2021
05:50 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have actually stayed away from special depreciation for various reasons but now I'm looking at it. I think I understand the 179 decoupling relatively well but I'm having trouble with the Maryland decoupling and special depreciation either 50% or 100% . Is there any MD decoupling with special dep'n - either 50 or 100% - or am I simply stuck with using standard MD dep'n for whatever class of asset I have? Is there a $200K limitation such as there is in 179 and I have to pare back my deductions? Or does that not even matter with special depreciation? Any help will certainly be appreciated.
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
sjrcpa
Level 15
09-01-2021
08:19 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
MD allows $25,000 Section 179 with the $200K cost limit.
MD does not allow bonus depreciation.
You can't Section 179 software.
The more I know, the more I don't know.
