Form It-398 - New York State Depreciation Schedule For Irc Section 168(K) Property - 2014
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2IT-398
New York State Department of Taxation and Finance
New York State Depreciation Schedule for
IRC Section 168(k) Property
Use this form only for tax years beginning after December 31, 2002, and only for property placed in service inside or outside New York State after
May 31, 2003.
Name(s) as shown on return
Identifying number as shown on return
Mark an X in one box to show the income tax return you are filing and submit this form with that return.
IT-201, Resident
IT-203, Nonresident and part-year resident
IT-204, Partnership
IT-205, Fiduciary
Part 1 – Depreciation information for Internal Revenue Code (IRC) section 168(k) property (except for resurgence zone property and
New York liberty zone property described in IRC section 1400L(b)(2)) placed in service inside or outside New York State,
beginning after May 31, 2003
(see instructions)
A
B
C
D
E
F
G
Description of property
Date placed
Depreciable
Convention
Method
New York
Federal depreciation
n service
basis
depreciation deduction
deduction
(use additional sheet if needed)
i
.
.
.
00
00
00
.
.
.
00
00
00
.
.
.
00
00
00
.
.
.
00
00
00
1 Enter column F and column G totals ................................................................
.
.
1
00
00
Transfer the column F total to:
Transfer the column G total to:
Form IT-225, line 10, Total amount column and enter
Form IT-225, line 1, Total amount column and enter
subtraction modification S-213 in the Number column.
addition modification A-209 in the Number column.
Part 2 – Year-of-disposition adjustment for IRC section 168(k) property (except for resurgence zone property and New York liberty
zone property described in IRC section 1400L(b)(2)) placed in service inside or outside New York State, beginning after
May 31, 2003
(see instructions)
A
B
C
D
E
Description of property
Date of
Method of
Total New York
Total federal
disposition
disposition
depreciation deduction depreciation deduction
(use additional sheet if needed)
.
.
00
00
.
.
00
00
.
.
00
00
.
.
00
00
2 Enter column D and column E totals ................................................................
.
.
2
00
00
3 Enter amount from line 2, column E ........................................................................................................
.
3
00
4 Enter amount from line 2, column D........................................................................................................
.
4
00
5 Subtract line 4 from line 3 .......................................................................................................................
.
5
00
Transfer the line 5 amount to Form IT-225, line 10, Total amount column and enter
subtraction modification S-214 in the Number column.
398001140094
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