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CA Sec. 179

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Level 3

I have ProSeries basic I want to take sec. 179 on computers purchased. Federal did it automatically but state did not. For the state of California do I have to go to the CA asset entry worksheet and put the full amount on the line labeled Section 179 deduction?

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Level 15
Level 15

Are you choosing YES to the Economic Stimulus Qualified Property question on the asset entry worksheet on the federal? CA doesnt conform to that special depreciation.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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Level 15
Level 15

CA should do it automatically as well, they have different limits than federal, but you should still see it on the CA3885A 179 worksheet


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Level 3

That what I thought too, but when I look at the depreciation worksheet it only shows it taking off part of the total. When I put the total in Sec. 179 deduction in CA and look at the worksheet it shows Ca Dep. Deduction is zero but the amount he owes goes down.

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Level 15
Level 15

Are you choosing YES to the Economic Stimulus Qualified Property question on the asset entry worksheet on the federal? CA doesnt conform to that special depreciation.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

View solution in original post