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April 14, 2023
Question

NH Section 179 deduction

  • April 14, 2023
  • 1 reply
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What am I supposed to enter in the NH Section 179 deduction? For example, I sold a rental property on 1/5/2022. I'm depreciating some appliances. One item was $1380. So what would I enter in the NH section 179 deduction?

    1 reply

    April 14, 2023

    New Hampshire caps the section 179 depreciation deduction at  $100,000, so as long as your federal section 179 deduction is less than that, the deduction for New Hampshire would be the same as you claimed on your federal tax return.

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