Form Nyc-399 - Schedule Of New York City Depreciation Adjustments - 2015
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SCHEDULE OF NEW YORK CITY DEPRECIATION ADJUSTMENTS
TM
Department of Finance
D O N O T U S E T H I S F O R M T O R E P O R T A D J U S T M E N T S R E L AT I N G T O B O N U S
DEPRECIATION ALLOWED BY IRC SECTION 168(k) OR THE SPECIAL DEPRECIATION
ADJUSTMENTS FOR CERTAIN SPORT UTILITY VEHICLES. USE FORM NYC-399Z.
For CALENDAR YEAR _________ or FISCAL YEAR beginning __________________________ and ending _________________________
Name (Print or Type)
EMPLOYER IDENTIFICATION NUMBER
Federal Form 4562 must accompany this form.
OR
s
SOCIAL SECURITY NUMBER
This schedule must be attached to your applicable New York City tax return.
s
See instructions.
Computation of allowable New York City depreciation for current year
SCHEDULE A
Attach rider if necessary
E
B
C
D
G
H
I
A
F
Date Placed
Cost
Method of
Life
Description
Class of
Accumulated NYC
Allowable
Federal ACRS
in Service:
or
Figuring NYC
or
of
Property
Depreciation Taken
New York City
Deduction
mm-dd-yy
Other Basis
Depreciation
Rate
Property
(ACRS)
in Prior Years
Depreciation
1. Total columns D, E, F, and I .........
Enter total of columns F and I on line 4 and line 5 of Schedule C below. (See instructions on back.)
Disposition adjustment for property acquired on or after January 1, 1981
SCHEDULE B
Attach rider if necessary
For each item of property listed below, determine the difference between federal ACRS and New York City depreciation used in the computation of
federal and New York City taxable income in prior years.
u If ACRS deduction exceeds New York City depreciation, subtract column E from column D and enter in column F.
u If New York City depreciation exceeds ACRS, subtract column D from column E and enter in column G.
D
E
F
G
C
B
A
Description
Total ACRS
Total NYC
Adjustment
Class of
Date Placed
Adjustment
in Service:
of Property
Property
(D minus E)
Deduction Taken
Depreciation Taken
(E minus D)
mm-dd-yy
(ACRS)
2. Total excess ACRS deductions over NYC depreciation deductions (see instructions) ..
3. Total excess NYC depreciation deductions over ACRS deductions (see instructions) .....................................
Computation of adjustments to New York City income
SCHEDULE C
A.
B.
Federal
New York City
4. Enter amount from Schedule A, line 1, column F .......................
5. Enter amount from Schedule A, line 1, column I.........................
6. Enter amount from Schedule B, line 2 ........................................
7. Enter amount from Schedule B, line 3 ........................................
8. Totals: column A, lines 4 and 7; column B, lines 5 and 6...........
Enter the amount on line 8, column A, the federal adjustment, as an addition and the amount on line 8, column B, the New York City
adjustment, as a deduction on the applicable New York City return.
00511591
NYC-399 - 2015
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