What is the Virginia bonus depreciation addition or subtraction?
If you claimed a federal depreciation deduction and one or more of the depreciable assets received the first-year special bonus depreciation deduction under IRC 168(k) in any taxable year from 2001 through 2025, or the bonus depreciation under IRC 168(l), 168(m), 1400L, or 1400N, then depreciation must be recomputed for Virginia purposes as if such assets did not receive such bonus depreciation.
If your total 2025 Virginia depreciation calculation is less than your 2025 federal depreciation calculation, then the difference must be entered as an addition.
If your total 2025 Virginia depreciation calculation is more than your 2025 federal depreciation calculation, then the difference must be entered as a subtraction.
If your total 2025 Virginia depreciation calculation is less than your 2025 federal depreciation calculation, then the difference must be entered as an addition.
If your total 2025 Virginia depreciation calculation is more than your 2025 federal depreciation calculation, then the difference must be entered as a subtraction.
