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Texas Depreciation Calculation

Does Lacerte calculate state depreciation? Texas does not allow the bonus depreciation and the S179 expense is limited.


    I am not from TX or anywhere near it, but other than the TX franchise tax return, about what state depreciation are you inquiring?


      No, Lacerte will not calculate Texas depreciation for the Franchise Tax return. I believe you'd need to make a manual adjustment in Screen 54 Code 5.

      Since COGS for Texas Franchise Tax isn't necessarily the same as COGS for Federal, you're likely to have more adjustments than just depreciation. (It's not clear to me what, if any, method would be allowable for Texas purposes to take into account the disallowed bonus depreciation and/or Sec 179.)

      Note also that only depreciation on "equipment used in the production of goods" is included in COGS.


        Just Texas.

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