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North Carolina Adjustment for Additional First Year Depreciation

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North Carolina Adjustment for Additional First Year Depreciation

Answer

Bonus Depreciation.

You may deduct an amount equal to 20% of the bonus depreciation deduction added to federal adjusted gross income on your 2014, 2015, 2016, 2017, and 2018 state tax returns. 

IRC Section 179 Expense.

You may deduct an amount equal to 20% of the IRC section 179 expense deduction added to federal adjusted gross income on your 2014, 2015, 2016, 2017, and 2018 state tax returns.

 

 


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Views: 1872 Created on: Jun 15, 2013
Date updated: Dec 18, 2019

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