Asked by J
During Tax Year 2024, Anthony purchased a new computer for his business for $2,500. He uses the computer exclusively for business. His business income is $65,000. He claimed the special (bonus) depreciation on his federal return.
What is the maximum amount he can deduct on his California return using the special (bonus) depreciation allowance, if any?
$0
$1,500
$2,000
$2,500
All Answers 1
Answered by
GPT-5 mini
AI
$0
California does not conform to the federal "bonus" (section 168(k)) depreciation for property placed in service in recent years. You must add back the federal bonus depreciation on your California return and compute California depreciation without the special (bonus) allowance (you may still be eligible for California Section 179 up to the state limit).
California does not conform to the federal "bonus" (section 168(k)) depreciation for property placed in service in recent years. You must add back the federal bonus depreciation on your California return and compute California depreciation without the special (bonus) allowance (you may still be eligible for California Section 179 up to the state limit).
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