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52943

52943

The following diagnostic is generating:

This return includes both an adjustment on the Federal Schedule 1 for excess loss adjustment (ELA from Form 461) and an amount of depreciation adjustment on the GA Form 500, Schedule 1. Please review the guidance on the GA Dept. of Revenue website with regard to the adjustment to the federal loss limitation on the GA return that may be required when the business income and deductions for GA differ from federal. https://dor.georgia.gov/income-tax-federal-tax-changes

 

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