Depreciation conformity (1041 CT)
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Hide expandable textThe State of Connecticut does not conform to bonus depreciation or section 179 expense for trusts and estates. However, a bonus depreciation adjustment is allowed for corporate beneficiaries. When the beneficiary is a C corporation, Onvio Tax automatically calculates an adjustment on the CTDepr screen in the Income & Adjustments folder. Onvio Tax reports adjustments on Schedule K-1 or the Grantor report. You can make adjustments to the calculated amounts using the force fields on the CTDepr screen.
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