1041-IA: K-1 Bonus depreciation

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If bonus depreciation is directly allocated to the beneficiaries, it is presented on either line 5b or 6b depending on whether the activity the depreciation is associated with is passive or nonpassive.  Bonus depreciation that is passed out directly through the trust is presented in the additional information section of the K-1 as a bonus depreciation adjustment.

Related topic: 1041 Iowa frequently asked questions

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