Free CT-399 - New York


File Size: 45.9 kB
Pages: 4
Date: September 23, 2008
File Format: PDF
State: New York
Category: Tax Forms
Author: t40192
Word Count: 1,101 Words, 7,471 Characters
Page Size: Letter (8 1/2" x 11")
URL

http://www.tax.state.ny.us/pdf/2008/corp/ct399_2008.pdf

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CT-399
Name

New York State Department of Taxation and Finance

Depreciation Adjustment Schedule
Tax Law -- Articles 9-A, 32, and 33
Employer identification number

Part 1 -- Computation of New York State depreciation modifications when computing entire net income (ENI)
List only depreciable property that requires or is entitled to a depreciation modification when computing ENI (see Form CT-399-I, Instructions for Form CT-399). Section A -- ACRS/MACRS property (attach separate sheets if necessary, displaying this information formatted as below; see instructions)
A -- Description of property (identify each item of property here; for each item of property complete columns B through I on the corresponding lines below) Item Property

A B C D E F G H I J K L M N O P Q
A Item B Date placed in service
(mm-dd-yy)

C Cost or other basis

D Accumulated federal ACRS/MACRS depreciation

E Federal ACRS/MACRS depreciation deduction

F Method of figuring NYS depreciation

G Life or rate

H Accumulated NYS depreciation

I Allowable NYS depreciation

A B C D E F G H I J K L M N O P Q

Amounts from attached list, if any... 1 Totals of Section A 1.

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Section B -- 30%/50% federal special depreciation property (attach separate sheets if necessary, displaying this information formatted as
below; see instructions) A -- Description of property (identify each item of property here; for each item of property complete columns B through I on the corresponding lines below) Property Item

A B C D E F G H I
J K L M
A Item B Date placed in service
(mm-dd-yy)

C Cost or other basis

D Accumulated federal depreciation

E Federal depreciation deduction

F Method of figuring NYS depreciation

G Life or rate

H Accumulated NYS depreciation

I Allowable NYS depreciation

A B C D E F G H I J K L M

Amounts from attached list, if any... 2 Totals of Section B 2. 3 Add lines 1 and 2 in columns C, D, E, H, and I 3. If you have not disposed of any ACRS/MACRS property placed in service in tax years beginning before 1994, and you have not disposed of qualified property for which you claimed a 30%/50% federal special depreciation (in a tax year beginning after December 31, 2002, for property placed in service on or after June 1, 2003), enter the total of column E as an addback to federal taxable income (FTI) and the total of column I as a deduction from FTI on the appropriate lines of your corporation franchise tax return (see instructions). If you have disposed of any property listed on this form in a prior year, complete Parts 2 and 3. If you file Form CT-3, CT-3-A, or CT-4, use Part 4 to determine your depreciation adjustment used to compute your minimum taxable income base.

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CT-399 (2008) Page 3 of 4

Part 2 -- Disposition adjustments (attach separate sheets if necessary, displaying this information formatted as below; see instructions)
-- For each item of property listed below, determine the difference between the total federal depreciation deduction, including a 30%/50% federal special depreciation deduction, and the total New York State depreciation used in the computation of federal and New York State taxable income in prior and current years. -- If the federal depreciation deduction is larger than the New York State depreciation deduction, subtract column D from column C and enter the result in column E. -- If the New York State depreciation deduction is larger than the federal depreciation deduction, subtract column C from column D and enter the result in column F.
A -- Description of property (identify each item of property here; for each item of property complete columns B through F on the corresponding lines below) Property Item

A B C D E F G H
A Item B Date placed in service
(mm-dd-yy)

C Total federal depreciation deduction taken

D Total New York State depreciation taken

E Adjustment
(if C is larger than D, column C - column D)

F Adjustment
(if D is larger than C, column D - column C)

A B C D E F G H

Amounts from attached list, if any........ 4 Total excess federal depreciation deductions over New York State depreciation deductions (add column E amounts) ................................... 4. 5 Total excess New York State depreciation deductions over federal depreciation deductions (add column F amounts)

5. B New York State

Part 3 -- Summary of adjustments to ENI
6 7 8 9 10 Enter amount from line 3, column E ......................................................... 6. Enter amount from line 3, column I .......................................................... 7. Enter amount from line 4 .......................................................................... 8. Enter amount from line 5 .......................................................................... 9. Add amounts in column A and column B ................................................. 10. Enter the amount from line 10, column A, on: line 7 ................................................................................ line 5 ................................................................................ line 28 .............................................................................. line 30 .............................................................................. line 70 .............................................................................. line 73 ..............................................................................

A Federal

If you file Form: CT-3 or CT-3-A ................... CT-4 .................................... CT-32 .................................. CT-32-A .............................. CT-33 .................................. CT-33-A ..............................

Enter the amount from line 10, column B, on: line 14 line 8 line 39 line 39 line 78 line 82

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Part 4 -- Minimum taxable income base depreciation adjustments Article 9-A only
Only list below the properties entered in Part 1, Section A, that were placed in service after 1986. Do not include qualified property for which a 30%/50% federal special depreciation deduction was claimed in Part 1, Section B. Attach separate sheets if necessary, displaying this information formatted as below.
A -- Description of property (identify each item of property here; for each item of property complete columns B through E on the corresponding lines below) Property Item

A B C D E F G H I
J K L M N O
A Item B Date placed in service
(mm-dd-yy)

C Cost or other basis

D Federal depreciation deduction

E Alternative depreciation system

A B C D E F G H I J K L M N O

Amounts from attached list, if any 11 Total columns D and E ......................................................... 11. 12 If column D total is more than column E total, enter the excess 12. 13 If column E total is more than column D total, enter the excess 13. 14 Enter amount from federal Form 4626, line 2a, depreciation of post-1986 property (see instructions) 14. 15 If there is an excess on line 12, subtract line 12 from line 14 .................................................... 15. 16 If there is an excess on line 13, add lines 13 and 14 ................................................................ 16. Enter amount from line 15 or line 16 on Form CT-4, line 22; or Form CT-3 or CT-3-A, line 43.

Attach this form and a copy of federal Form 4562 or 4562-FY to your New York State corporation franchise tax return.

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