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Last Updated: 10/26/2017

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Individual Income Tax

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Individual Income Tax > Tax Information > Subtractions: Bonus depreciation

  • Can I adjust the federal gain or loss on the disposition of an asset due to the Minnesota treatment of the bonus depreciation?Back to top

    ‚ÄčNo, you must continue to claim the subtraction rather than adjusting your gain or loss.

  • May I claim the subtraction if I claimed bonus depreciation on my federal return in a year that I was not required to file a Minnesota return?Back to top

    ‚ÄčNo, you may only claim this subtraction if you were required to make an addition for federal bonus depreciation on a Minnesota return.