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Leo is a prospective tax client and owns a printing business, he was told that for the 2022 tax year, he might need to use
Leo is a prospective tax client and owns a printing business, he was told that for the 2022 tax year, he might need to use Form FTB 3885A, Depreciation and Amortization adjustment, when depreciating his building, generally, in which case should form FTB 3885A be used? a. To report all CA depreciation for the taxable year. b. Only if there is a difference between CA and Fed depreciation and amortization is allowed as a deduction. c. To deduct section179 property. To report depreciation expense difference only for the listed property
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