Form Nyc399 - Schedule Of New York City Depreciation Adjustments
ADVERTISEMENT
1NEW YORK CITY DEPARTMENT OF FINANCE
N Y C
SCHEDULE OF NEW YORK CITY
399
DEPRECIATION ADJUSTMENTS
F I N A N C E
NEW YORK
For CALENDAR YEAR _______ or FISCAL YEAR beginning ________________ , _______ and ending ________________ , _______
Name
EMPLOYER IDENTIFICATION NUMBER
Print or
Type ¨
SOCIAL SECURITY NUMBER
¨
Federal Form 4562 must accompany this form.
¨
This schedule must be attached to your applicable New York City tax return.
¨
See instructions on back.
Attach rider
SCHEDULE A
Computation of allowable New York City depreciation for current year
if necessary
E
B
C
D
F
G
H
I
A
Description
Method of
Life
Class of
Date Placed
Cost
Accumulated NYC
Federal
Allowable
of
in Service:
or
ACRS
Figuring NYC
or
Property
Depreciation Taken
New York City
Property
mo/day/yr
Other Basis
Deduction
Depreciation
Rate
(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.)
Attach rider
SCHEDULE B
Disposition adjustment for property acquired on or after January 1, 1981
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.
If ACRS deduction exceeds New York City depreciation, subtract column E from column D and enter in column F.
If New York City depreciation exceeds ACRS, subtract column D from column E and enter in column G.
D
E
F
G
A
B
C
Class of
Date Placed
Description
Total ACRS
Total NYC
Adjustment
Adjustment
Property
in Service:
of Property
Deduction Taken
Depreciation Taken
(D minus E)
(E minus D)
mo/day/yr
(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, line1, 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 column A, line 8, the federal adjustment, as an addition and the amount on column B, line 8, the
New York City adjustment, as a deduction on the applicable New York City return.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial