1120 Corporate 23-2.1

tip

News for this release

Release date: 1/12/2024

Closed issues

Federal

  • Depreciation deduction reported on
    Form 1125-A
    , line 5 excludes 80% special depreciation assets placed in service in calendar year 2023.
  • We corrected
    federal depreciation
    so that the number of assets rolled over from 2022 to 2023 in all activities is not limited when assets exist other than in General Depreciation activity.
  • We added a calculation for
    Form 1120
    , Page 3, line 23.
  • We added an input field and corrected the computation for
    Form 1120
    , Page 3, line 14.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close