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Question

2020 Iowa macrs calculatioin on form 4562A

Forum|Forum|5 years ago
March 17, 2021
1 reply
0 views

I am having trouble with the macrs calculation on Iowa form 4562A. Does not autofill & I can;t efile until I enter the correct amount.

Need to enter the total Fed depreciation taken since asset purchased. It should have populated the Iowa Depreciation. You need to go to the Fed depreciation schedule and enter the total amount of MACRS depreciation taken by asset. The difference will be an adjustment to income.

kenaisimsAuthor

Thanks for the info. Iowa doesn't calculate macro the same as federal. I'm still working on it. I even marked asset as gone & it still wants a number to e-file. Such a pain

did you ever figure out how to fix this? running into same issue now please help me [phone number removed]