Bonus Depreciation on K-1

NC K-1 has bonus depreciation listed as add back. Do I take the whole amount as given to me on the K-1 or do I take 85% of it? There is no deduction for this in the following years, right?

As described in a TaxAdvisor article:

Example 1: ABC Co. claims $100,000 of bonus depreciation on its 2015 federal return. For 2015 through 2020, the company has the following North Carolina adjustments to adjusted gross income:

2015: Addback of $85,000.
2016-2020: Deductions of $17,000 each year.

I would expect the NC K-1 to list the 85% add back, not the full amount but you'd have to compare to the Federal deduction.

Agree with Howard. The NC K-1 should show the 85% add back for the year. Then for the following 5 years you get to deduct 20% of the add back.

The NC website does not tell you to take the 20% as a deduction in the subsequent 5 years for Bonus Depreciation taken in 2015 nor for 2016 thru 2020. It specifically says to do this deduction for bonus depreciation taken in 2014 and earlier years, but does not address it for Bonus Depreciation taken in 2015 thru 2020. Maybe I am reading it wrong.
https://www.ncdor.gov/taxes-forms/indiv ... preciation

That link is poorly written. Here is the statute:

§ 105-153.6. Adjustments when State decouples from federal accelerated depreciation
and expensing.
(a) Special Accelerated Depreciation. – A taxpayer who takes a special accelerated
depreciation deduction for that property under section 168(k) or 168(n) of the Code must add to
the taxpayer's federal taxable income or adjusted gross income, as appropriate, eighty-five
percent (85%) of the amount taken for that year under those Code provisions. For taxable years
before 2012, the taxpayer must add the amount to the taxpayer's federal taxable income. For
taxable year 2012 and after, the taxpayer must add the amount to the taxpayer's adjusted gross
income. A taxpayer is allowed to deduct twenty percent (20%) of the add-back in each of the
first five taxable years following the year the taxpayer is required to include the add-back in
income.

Thanks for clearing that up. They need to re-write that link.