Drake Tax – State, AMT, and Book Depreciation Not Updating from Prior Year
Article #: 14454
Last Updated: October 21, 2024
Amounts for the State, AMT, and Book depreciation columns on screen 4562 will only be updated from the prior year if the amounts differ from the Federal column. As the column header indicates, entries in those columns should only be made when the amounts are different than federal amounts.
If the State, AMT, or Book columns are different than the Federal column, the amounts will be updated to the next year as expected.