Depreciation (1041 OH)

Ohio is considered compliant with the Sec 168(k) special depreciation allowances; However, there is an add back of 2/3, 5/6, or 6/6 of the bonus depreciation claimed for the taxable year which flows back to the IT 1041, Page 2, line 28 as a depreciation adjustment to income. Then there is a deduction on line 39 for ½, 1/5, or 1/6 of the depreciation expenses taken for the past two, five, or six previous years. You can see the bonus depreciation differences on the Depreciation Adjustment Worksheet.


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