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Category: Virginia

Other Subtractions- Virginia

Bonus Depreciation - If depreciation was included in the computation of your Federal Adjusted Gross Income and one or more of the depreciable assets received the special 30% or 50% bonus depreciation deduction for federal purposes in any taxable year from 2001 through 2015, then depreciation must be recomputed for Virginia purposes as if such assets did not receive the special 30% or 50% bonus depreciation deduction for federal purposes in any taxable year from 2001 through 2015. If the total 2015 Virginia depreciation is more than 2015 federal depreciation, then the difference must be recognized as a subtraction.

 

Other Fixed Date Conformity Subtractions - If you are required to make any Other Fixed Date Conformity subtractions, enter the total amount of such subtractions 

 

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