Form 399 - Schedule Of New York City Depreciation Adjustments - 2008
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1
2399
NYC
SCHEDULE OF NEW YORK CITY DEPRECIATION ADJUSTMENTS
DO NOT USE THIS FORM TO REPORT ADJUSTMENTS RELATING TO BONUS DEPRECIATION
F I N A N C E
NEW
YORK
ALLOWED BY IRC SECTION 168(k) OR THE SPECIAL DEPRECIATION ADJUSTMENTS FOR CERTAIN
G
THE CITY OF NEW YORK
DEPARTMENT OF FINANCE
n y c . g o v / f i n a n c e
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
L
This schedule must be attached to your applicable New York City tax return.
SOCIAL SECURITY NUMBER
L
See instructions on back.
L
Computation of allowable New York City depreciation for current year
SCHEDULE A
Attach rider if necessary
B
C
D
E
F
G
H
I
A
Description
Method of
Life
Class of
Date Placed
Cost
Accumulated NYC
Federal
Allowable
of
Figuring NYC
or
in Service:
or
ACRS
Property
Depreciation Taken
New York City
Property
mm-dd-yy
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.)
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.
N If ACRS deduction exceeds New York City depreciation, subtract column E from column D and enter in column F.
N 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
Date Placed
Adjustment
Class of
in Service:
of Property
Property
Deduction Taken
Depreciation Taken
(D minus E)
(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.
00510891
NYC-399 - 2008
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