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March 30, 2023
Question

Trust Depreciation Georgia

  • March 30, 2023
  • 1 reply
  • 0 views

I have an Irrevocable Trust which owns rental properties in CA, TX and GA.

 

I am using Turbo Tax Business to prepare my returns

 

Where do I enter the portion of depreciation allocatable to GA ?

    1 reply

    PatriciaV
    PatriciaV
    Employee
    April 3, 2023

    When you prepare the Georgia state return for the trust, TurboTax will handle the depreciation allocation and/or adjustments.

     

    Note that Texas does not tax trusts, so you will file two state returns, California and Georgia, plus the trust's resident state, if applicable.

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