California Schedule B (100s) Draft - S Corporation Depreciation And Amortization - 2015

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S Corporation Depreciation
TAXABLE YEAR
CALIFORNIA SCHEDULE
and Amortization
2015
B (100S)
For use by S corporations only. Attach to Form 100S.
Corporation name
California corporation number
Part I Depreciation. Use additional sheets if necessary.
1 Enter federal depreciation from federal Form 4562, line 22.
00
IRC Section 179 expense deduction is not included on this line. Get federal Form 4562 instructions . . . . . . . . . . . . . . . . . . . .
1
California depreciation:
(a)
(b)
(c)
(d)
(e)
(f)
(g)
Description of property
Depreciation allowed or
Life or
Depreciation
Date acquired
Cost or other basis
Depreciation
allowable in earlier years
rate
for this year
(mm/dd/yyyy)
Method
2
00
3 Add the amounts on line 2, column (g) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
00
4 Subtract line 3 from line 1. If negative, use brackets. Enter here and on the applicable line of Form 100S, Side 6, Schedule K.
4
5 Enter IRC Section 179 expense deduction here and on Form 100S, Side 2, line 12. Do not enter more than $25,000 . . . . . . .
5
00
Part II Amortization. Use additional sheets if necessary.
00
1 Enter federal amortization from federal Form 4562, line 44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
California amortization:
(a)
(b)
(c)
(d)
(e)
(f)
(g)
Description of property
Amortization allowed or
Period or
Amortization
Date acquired
Cost or other basis
R&TC section
allowable in earlier years
percentage
for this year
(mm/dd/yyyy)
(See instructions)
2
00
3 Add the amounts on line 2, column (g) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
4 California amortization adjustment. Subtract line 3 from line 1. If negative, use brackets. Enter here and on the
00
applicable line of Form 100S, Side 6, Schedule K . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
Part III Depreciation and Amortization Adjustment
1
Combine the amounts on Part I, line 4, and Part II, line 4. Enter here (if negative, use brackets) and on
00
Form 100S, Side 1, line 5. For passive activities, see instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
General Information
Important Information
• The useful life of seven years of any Alaska
natural gas pipeline property.
In general, for taxable years beginning on or
S corporations must continue calculating the
• The income forecast method and the
after January 1, 2015, California law conforms
California depreciation deduction for assets
exemption of limits on depreciation for
to the Internal Revenue Code (IRC) as of
placed in service before January 1, 1987, in the
incremental costs of clean fuel vehicles.
January 1, 2015. However, there are continuing
same manner as in prior years. The following
California law does not conform to federal law
differences between California and federal
were the most common methods used to
for the following:
law. When California conforms to federal tax
calculate depreciation for years prior to 1987:
• The first-year depreciation deduction
law changes, we do not always adopt all of
• Straight-line
allowed for new luxury autos or certain
the changes made at the federal level. For
• Declining balance
passenger automobiles acquired and placed
more information, go to ftb.ca.gov and search
• Sum-of-the-years digits
in service in 2010 through 2015.
for conformity. Additional information can
For assets placed in service in 1987 and after,
• The IRC Section 613A(d)(4) relating to the
be found in FTB Pub. 1001, Supplemental
S corporations may use the same method for
exclusion of certain refiners. See R&TC
Guidelines to California Adjustments, the
California as was used for federal purposes.
Section 24831.3 for more information.
instructions for California Schedule CA (540 or
• The IRC Section 168(k) relating to the 50%
Federal/State Differences
540NR), and the Business Entity tax booklets.
Differences between federal and California
bonus depreciation deduction for certain
The instructions provided with California tax
laws affect the calculation of depreciation
assets.
forms are a summary of California tax law
• The enhanced IRC Section 179 expensing
and amortization. The following lists are not
and are only intended to aid taxpayers in
intended to be all-inclusive of the federal and
election.
preparing their state income tax returns. We
state conformities and differences. For more
• The federal changes regarding treatment
include information that is most useful to the
information, refer to the R&TC.
of distribution costs and treatment of
greatest number of taxpayers in the limited
participations and residuals for purpose of
California law conforms to federal law for the
space available. It is not possible to include
computing depreciation under the income
following:
all requirements of the California Revenue
forecast method.
• The sport utility vehicles (SUVs) and
and Taxation Code (R&TC) in the tax booklets.
• For years prior to 1987, California did
minivans built on a truck chassis are
Taxpayers should not consider the tax booklets
not allow depreciation under the federal
included in the definition of trucks and
as authoritative law.
accelerated cost recovery system (ACRS).
vans when applying the 6,000 pound gross
weight limit.
Schedule B (100S) 2015 Side 1
7711153

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