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North Carolina Adjustment for Additional First Year Depreciation

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North Carolina Adjustment for Additional First Year Depreciation

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Adjustment for Bonus Depreciation. You may deduct an amount equal to 20% of the bonus depreciation deduction added to federal taxable income or federal adjusted gross income on your 2013, 2014, 2015, 2016, and 2017 State tax returns.

 

Adjustment for IRC Section 179 Expense Deduction. You may deduct an amount equal to 20% of the IRC section 179 expense deduction added to federal taxable income or federal adjusted gross income on your 2013, 2014, 2015, 2016, and 2017 State tax returns.

 

 


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Views: 1635 Created on: Jun 15, 2013
Date updated: Jan 04, 2019

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