TAXABLE YEAR
CALIFORNIA FORM
2013
3885F
Depreciation and Amortization
Attach to Form 541, Form 109, or Form 199.
Name of estate or trust
FEIN
-
Assets and intangibles placed in service during the 2013 taxable year:
Depreciation
Amortization
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
Description of property
Date placed
Cost or other basis
Method of
Life or
Depreciation for
Code
Period or
Amortization for
in service
figuring
rate
this year
section
percentage
this year
(mm/dd/yyyyy)
depreciation
1
Add line 1 column (f) and column (i) amounts. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . .
Depreciation
2 California depreciation for assets placed in service beginning before the 2013 taxable year.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 _________________
Be sure to make adjustments for any basis differences.
3 Total California depreciation. Add line 1(f) and line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 _________________
Amortization
4 California amortization for intangibles placed in service beginning before the 2013 taxable year. . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 _________________
Be sure to make adjustments for any basis differences.
5 Total California amortization. Add line 1(i) and line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 _________________
6 Total depreciation and amortization. Add line 3 and line 5. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 _________________
General Information
B Federal/State Differences
•
Election to Expense Certain Tangible Property.
(IRC 179) This election does not apply to estates
In general, for taxable years beginning on or after
California law has not always conformed to federal
and trusts.
January 1, 2010, California law conforms to the
law regarding depreciation methods, special credits,
Differences may also occur for other less common
Internal Revenue Code (IRC) as of January 1, 2009.
or accelerated write-offs. Consequently, the recovery
reasons. This list is not intended to be all-inclusive
However, there are continuing differences between
periods and the basis on which the depreciation is
of the federal and state differences. For more
California and federal law. When California conforms
calculated may be different from the amounts used for
information about adjustments, get FTB Pub. 1001,
to federal tax law changes, we do not always adopt
federal purposes. Reportable differences may occur if
or refer to the R&TC.
all of the changes made at the federal level. For
all or part of your assets were placed in service:
more information, go to ftb.ca.gov and search for
•
Before January 1, 1987. California disallowed
Specific Line Instructions
conformity. Additional information can be found
depreciation under the federal Accelerated Cost
in FTB Pub. 1001, Supplemental Guidelines to
Recovery System (ACRS). California depreciation
Line 1 – Complete columns (a) through (i) for each
California Adjustments.
is calculated in the same manner as in prior years
asset or group of assets placed in service during
for those assets.
the 2013 taxable year. Enter the column (f) totals on
The instructions provided with California tax forms
•
On or after January 1, 1987. California provides
line 1(f). Enter the column (i) totals on line 1(i).
are a summary of California tax law and are only
special credits and accelerated write-offs that
intended to aid taxpayers in preparing their state
Line 2 – Enter total California depreciation for assets
affect the California basis for qualifying assets.
income tax returns. We include information that is
placed in service beginning before the 2013 taxable
California does not conform to all the changes
most useful to the greatest number of taxpayers
year, taking into account differences in asset basis or
to federal law enacted in 1993. Therefore, the
in the limited space available. It is not possible to
differences in California and federal tax law.
California basis or recovery periods may be
include all requirements of the California Revenue
Line 4 – Enter total California amortization for
different for some assets.
and Taxation Code (R&TC) in the tax booklets.
intangibles placed in service beginning before
•
On or after September 11, 2001. California
Taxpayers should not consider the tax booklets as
the 2013 taxable year, taking into account any
has not conformed to the federal Job Creation
authoritative law.
differences in asset basis or differences in California
and Worker Assistance Act of 2002 which
and federal tax law.
A Purpose
allows taxpayers to take an additional first year
Line 6 – Add line 3 and line 5. Enter the total here and
depreciation deduction and Alternative Minimum
Use form FTB 3885F, Depreciation and Amortization,
attach to Form 541.
Tax depreciation adjustment for property placed
to compute depreciation and amortization allowed
in service after September 10, 2001.
If engaged in trade or business: Using California
as a deduction on Form 541, California Fiduciary
•
Amortization of Certain Intangibles. California
amounts, complete and attach federal Schedule C
Income Tax Return, Form 109, California Exempt
conforms to IRC Section 197 relating to the
(Form 1040), Profit or Loss from Business, federal
Organization Business Income Tax Return, or
amortization of intangibles as of January 1, 1994.
Schedule C-EZ (Form 1040), Net Profit from Business,
Form 199, California Exempt Organization Annual
There is no separate California election required
federal Schedule E (Form 1040), Supplemental Income
Information Return. Attach form FTB 3885F to
or allowed. However, for IRC Section 197
and Loss, and/or Schedule F (Form 1040), Profit or
Form 541, Form 109, or Form 199.
property acquired before January 1, 1994, the
Loss From Farming. Follow federal instructions for
California adjusted basis as of January 1, 1994,
Depreciation is the annual deduction allowed to
“Depreciation, Depletion, and Amortization” regarding
must be amortized over the remaining federal
recover the cost or other basis of business or income
dividing the deductions between the fiduciary and the
amortization period.
producing property with a determinable useful life of
beneficiaries.
•
American Recovery and Reinvestment Act
more than one year. Land is not depreciable.
Form 109 filers: Enter the total on Form 109, Part II,
of 2009. California does not conform to the
Amortization is an amount deducted to recover the
Line 21a.
additional 50% first year special depreciation for
cost of certain capital expenses over a fixed period.
Form 199 filers: Enter the total on Form 199, Side II,
qualified property acquired and placed in service
Part II, line 16.
on or after December 31, 2007.
Attach a schedule if you need additional space.
FTB 3885F 2013
7641133