Form Co-418 - Adjustment Schedule For Bonus Depreciation From The Jobs Creation And Worker Assistance Act Of 2002 - State Of Vermont

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DEPARTMENT OF TAXES, Montpelier, Vermont 05609-1401 / (802) 828-5723
*024181100*
Adjustment Schedule for Bonus
2002
Depreciation from the Jobs Creation
VERMONT
and Worker Assistance Act of 2002
* 0 2 4 1 8 1 1 0 0 *
(month)
PRINT in BLUE or BLACK INK
Attach to Form CO-411
Vermont Business Account Number
Business/Entity Name
# # # # # #
X X
Depreciation Adjustment
1. Enter amount from 2002 Federal Form 4562, Line 22
(Federal Depreciation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. ______________________
2. Enter the amount from VT Form 4562-VT, Line 21
(Vermont Depreciation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. ______________________
3. If Line 1 is larger than Line 2, enter difference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. ______________________
4. If Line 2 is larger than Line 1, enter difference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. ______________________
Adjustment for gain or loss on disposal
(Sales of Business Property Only)
Lines 5 through 7 apply only if property on which bonus depreciation had been claimed was included on Federal Form 4797.
Enter “0” on Lines 5, 6, and 7 if you have not disposed of property on which federal bonus depreciation was claimed.
5. Enter net gain or loss from 2002 Federal Form 4797, Line 18 (Federal gain) . . . . . . . . . 5. ______________________
6. Enter net gain or loss from VT Form 4797-VT, Line 18 (VT gain) . . . . . . . . . . . . . . . . . . . 6. ______________________
7. Subtract Line 6 from Line 5 and enter difference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. ______________________
Additions and Subtractions for Vermont Net Income
8. Enter the amount on Line 3. Enter this amount on VT Form CO-411, Line 2(c) . . . . . . . . 8. ______________________
9. Add Lines 4 and 7 and enter here. Enter this amount on VT Form CO-411, Line 2(h) . . 9. ______________________
Form CO-418

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