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Worksheet Git-DEP - Gross Income Tax Depreciation Adjustment - New Jersey
Worksheet Git-DEP - Gross Income Tax Depreciation Adjustment is a legal document that was released by the New Jersey Department of the Treasury - a government authority operating within New Jersey.
FAQ
Q: What is the Git-DEP?
A: Git-DEP stands for Gross Income Tax Depreciation Adjustment.
Q: What does the Git-DEP do?
A: The Git-DEP adjusts the federal depreciation deduction for assets used in New Jersey.
Q: Who is required to file Git-DEP?
A: All New Jersey residents and non-residents who have rental real estate property in New Jersey need to file Git-DEP.
Q: What is the purpose of Git-DEP?
A: The purpose of Git-DEP is to calculate the correct depreciation deduction for assets used in New Jersey.
Q: How is Git-DEP calculated?
A: Git-DEP is calculated by determining the depreciation adjustment percentage and applying it to the federal depreciation deduction.
Q: What are the requirements for Git-DEP?
A: To claim Git-DEP, the taxpayer must have at least one asset on the federal return that is used in New Jersey and depreciated.
Q: When is Git-DEP due?
A: Git-DEP is due on the same date as the Gross Income Tax return, which is typically April 15th.
Q: What if I don't file Git-DEP?
A: Failure to file Git-DEP may result in penalties and interest.
Q: Can I claim Git-DEP if I don't have any assets used in New Jersey?
A: No, you can only claim Git-DEP if you have assets used in New Jersey that are subject to depreciation.
Form Details:
- Released on December 1, 2016;
- The latest edition currently provided by the New Jersey Department of the Treasury;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the New Jersey Department of the Treasury.
Download Worksheet Git-DEP - Gross Income Tax Depreciation Adjustment - New Jersey
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