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J
JFreemanPE
March 5, 2023
Question

Does Turbotax support entries on Rhode Island 2022 RI Schedule M - Page 2, Line 2d “Bonus depreciation taken for federal purposes that must be added back...”?

  • March 5, 2023
  • 1 reply
  • 0 views
2022 RI Schedule M - Page 2, Line 2d “Bonus depreciation taken for federal purposes that must be added back to Rhode Island income under RIGL §44-61-1”

1 reply

T
ThomasM125
March 5, 2023

TurboTax does allow you to make an adjustment to income to reflect the depreciation adjustment you describe. It will be calculated automatically when you enter the bonus depreciation on your federal return and will show on schedule M on your Rhode Island return, on line 2(d).

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