Asset depreciation issue for 1065 Hawaii returns

If you enter asset information for a 1065 state or city return in the asset module, note that some 1065 state and city returns have depreciation issues.

Data calculation and transfer

After the application calculates depreciation and amortization, the application transfers depreciation and amortization amounts for assets entered in the
HI
column of the asset module to Hawaii Form 4562. The application then transfers the depreciation and amortization amounts to the various state forms, such as Form N-20, Hawaii Schedule F, Hawaii Farm Rental Income and Expenses Worksheet, and Hawaii Form 8825 (including the HI Rent and Royalty Schedule).
Current-year asset disposition information transfers directly to the
HISale
screen. The application then transfers the sales information to the various state forms, such as Schedule D-1 and Hawaii Form 6252.
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