Heads up for TaxAct users, TaxAct is not correctly calculating AZ depreciation when Federal bonus depreciation is claimed. Following the introduction of the new 10% AZ bonus depreciation TaxAct is not calculating the depreciation in accordance with the AZDOR ITP 14-3.
Users of other tax software may want to check that their software is calculating AZ depreciation correctly.
Users of other tax software may want to check that their software is calculating AZ depreciation correctly.