HaroldinGeorgia Posted February 24, 2014 Report Posted February 24, 2014 On single family rental property, 27 1/2 year SL depreciation, ATX is not allowing the regular depreciation on the Georgia return (adding it back). The Georgia booklet, and code, indicates that"Georgia has not adopted the Section 179 deduction for certain real property".On the Fixed Assets screen ATX is calculation the same amount for GA and for Federal, but is adding it back on the Form 500.Anyone have any details on this? Quote
HaroldinGeorgia Posted February 25, 2014 Author Report Posted February 25, 2014 Georgia Preparers: ATX has looked into this, and it seems that in order for the program to work correctly on Georgia depreciation, you have to add the GA4562 form to the return, as well as the Federal 4562. In all my 14 years with ATX, I don't recall having to have the GA4562 on the return.But, a new year and a new program. Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.