SiteTitle | • | Subtraction Modifications-Other Rulings | [X] |
| | 1: | | Title: | | | | | Volume/Number: | 2009 April 9 | | | | Issuing Agency: | | | | | Description: | General Information Letter: No subtraction modification is allowed for depreciation of property received in a like-kind exchange based on the excess of fair market value of the property over its federal income tax basis. | | | | Date Created: | 06 02 2009 | | | | Agency ID: | IT 09-0010-GIL | | | | ISL ID: | 000000019585 Original UID: 10054 FIRST WORD: Subtraction | |
| 2: | | Title: | | | | | Volume/Number: | 2009 April 13 | | | | Issuing Agency: | | | | | Description: | General Information Letter: Illinois law does not provide for modification of the taxpayers basis in property on which federal bonus depreciation was claimed. Subtraction modifications related to federal bonus depreciation must be computed and reported on the Schedule 4562. | | | | Date Created: | 06 02 2009 | | | | Agency ID: | IT 09-0011-GIL | | | | ISL ID: | 000000019586 Original UID: 10055 FIRST WORD: Subtraction | |
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