Article: 50384

General Information

The GA – 500 Schedule 1 screens are used to report income adjustments required by Georgia law. These adjustments apply to both additions and subtractions that affect your Georgia adjusted gross income (AGI).

The form is divided across two screens:

• GA – 500 Schedule 1 – Additions
• GA – 500 Schedule 1 – Subtractions

Each screen must be added and completed separately from the General tab under Georgia.

Note: Blue-highlighted fields represent Georgia-specific modifications to amounts flowing in from the federal return. Use these fields to adjust entries where Georgia and federal tax law differ.

Additions

On the Additions screen, you can report items such as:

• Deferred gain on sale of property when replacement was not located in Georgia
• Loss carryovers from years you weren’t subject to Georgia tax
• Allocable share of loss apportioned and allocated at the entity level

Subtractions

On the Subtractions screen, you can report:

• Contributions to Georgia Higher Education (529) Plans
• Depreciation adjustments
• IRA, KEOUGH, SEP, and Sub-S withdrawals where Georgia and federal law differ
• Income taxed by other states under Non-Recognition Sub-S
• Employer FICA credit differences
• Qualified payments to minority subcontractors
• Combat zone pay exclusions
• Custom entries under “Other” with a description and amount

How to Add Schedule 1 Additions and Subtractions

1. Click on the State Taxes section on the left-hand side of the screen.
2. Click the link “I’d like to see the forms I’ve filled out or search for a form.”
3. Use the drop list to select Georgia.
4. Under the General tab, select GA – 500 Schedule 1 – Additions.
5. Complete the screen.
6. Click Save.
7. Return to the General tab and click on GA – 500 Schedule 1 – Subtractions to complete the second screen.
8. Click Save.

Further Information

For additional guidance please see the Georgia Department of Revenue website – https://dor.georgia.gov.