Department of Taxation and Finance Depreciation Adjustment Schedule CT-399 Tax Law Articles 9-A and 33 Legal name of corporation 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. 1 Totals of Section A 1 482001180094 Cost or other basis see instructions Method of Accumulated federal Federal figuring NYS ACRS/MACRS depreciation deduction depreciation Life or rate NYS Allowable Page 2 of 3 CT-399 2018 Section B Property qualified under IRC section 168 k 2 for federal special depreciation attach separate sheets if necessary displaying this information formatted as below see instructions other basis Federal depreciation Method of figuring deduction NYS depreciation Life or Accumulated NYS - - - - - Amounts from. Section B 2 3 Add lines 1 and 2 in columns ....
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How to fill out the NY DTF CT-399 online
The NY DTF CT-399 is used for reporting depreciation adjustments that affect the computation of entire net income in New York State. This guide provides clear, step-by-step instructions to assist users in accurately completing this online form.
Follow the steps to complete the NY DTF CT-399 with ease.
- Click ‘Get Form’ button to obtain the form and open it in the document editor.
- Enter the legal name of the corporation and the employer identification number in the designated fields. Ensure that this information is accurate as it is critical for identification purposes.
- Proceed to Part 1, where you will compute New York State depreciation modifications. List each depreciable property that qualifies for a depreciation modification when calculating entire net income. Detail each item in Section A, filling in columns B through I where required.
- In Section A, provide the description of the property, the date placed in service, cost or other basis, method of figuring NYS depreciation, accumulated NYS depreciation, and allowable NYS depreciation. Remember to attach separate sheets if additional space is needed.
- Move to Section B and repeat the process for property qualified under IRC section 168(k)(2). Again, complete the fields as necessary to report the required details about the property.
- After filling all relevant sections, review the totals calculated in columns for both sections A and B and proceed to the disposition adjustments in Part 2 if applicable. Document the differences between federal and New York State depreciation deductions.
- Complete Part 3, summarizing adjustments to entire net income based on your calculations from previous sections. Ensure the accuracy of your totals.
- Finally, save your changes, and download or print a copy of the completed form for your records. You may also share the document if needed.
Start filling out the NY DTF CT-399 online today.
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