Form Nyc-399z - Depreciation Adjustments For Certain Post 9/10/01 Property (Page 5 of 5) in pdf

Form NYC-399Z

Page 5

amount allowable as a deduction for New

a rider if additional room is needed.

NYC-3L - Schedule B, line 15

York City.

NYC-4S - Schedule B, line 6b

Column D

NYC-202 - Schedule B, line 15

LINE 1a

Enter for each item of property the total

NYC-202EIN - Schedule B, line 15

Enter total of columns F and I on lines 4

amount of federal deductions used in the

NYC-204 - Schedule B, line 19

and 5 of Schedule C, as indicated.

computation of prior years’ federal taxable

NYC-1 - Schedule B, line 15

income. For an SUV subject to the special

If you have disposed of “qualified prop-

provisions, the amount entered in Column

NYC-2 - Schedule B, line 19

erty” other than “qualified Resurgence

D should include any amount deducted

NYC-2A - Schedule B, Line 19

Zone property,” “qualified New York Lib-

under section 179 of the Internal Revenue

NYC-2S - Schedule B, Line 9

erty Zone property” or “qualified New

Code.

York Liberty Zone leasehold improve-

*If this form is for the reporting corpora-

ments,” in any year after the year of ac-

Column E

tion, enter amounts on the appropriate lines

quisition, you must complete Schedule B.

Enter for each item of property the total

in Column A. For any other member of the

amount of New York City deductions used

combined group , enter amounts on the ap-

SCHEDULE A2

in the computation of prior years’ New

propriate lines on Form NYC-3A/B in the

York City entire net income.

column for the corporation. If there is only

Column A

one member of the combined group, enter

Enter the year, make and model for each

Column F

amounts on the appropriate lines on Form

SUV.

For any item of property, if column D ex-

NYC-3A, column B.

ceeds column E, subtract column E from

Column B

column D and enter the excess in this col-

If this form is for the designated agent,

Indicate the property class type used or

umn.

enter amounts in the appropriate column.

that would be used in computing federal

For any other member of the combined

depreciation for each SUV.

Column G

group, enter amounts on the appropriate

For any item of property, if column E ex-

lines on Form NYC-2A/BC and include on

Column D

ceeds column D, subtract column D from

Form NYC-2A in column entitled “Total of

The amount entered in this column must

column E and enter the excess in this col-

All Affiliates”.

be equal to the cost or other basis used for

umn.

federal purposes prior to any special de-

LINE 2

preciation allowances for qualified prop-

erty and prior to the expense in lieu of

Add the amounts in column F and enter the

depreciation deduction allowed under sec-

total on line 2 and on Schedule C, line 7a.

tion 179 of the Internal Revenue Code.

LINE 3

Column E

Add the amounts in column G and enter the

Enter the total New York City depreciation

total on line 3 and on Schedule C, line 7b.

taken in prior years including, for years

SCHEDULE C

prior to 2017, the amount of any deduction

taken under section 179 of the Internal

LINE 8

Revenue Code for New York City pur-

poses.

Enter the amount on line 8A as an addition

on the applicable New York City tax return.

Column F

Use the following lines. Attach an expla-

For each SUV, enter the sum of the amount

nation.

of the federal depreciation deduction taken

and amount of any federal expense in lieu

NYC-3A - Schedule B, line 6c*

of depreciation deduction taken under sec-

NYC-3L - Schedule B, line 6c

tion 179 of the Internal Revenue Code for

NYC-4S - Schedule B, line 4

the current tax period.

NYC-202 - Schedule B, line10c

NYC-202EIN - Schedule B, line10c

Column I

NYC-204 - Schedule B, line14c

The amount entered in column I should be

the total amount that may be deducted for

NYC-1 - Schedule B, line 8

New York City purposes in the current tax

NYC-2 - Schedule B, line 11

year for an SUV subject to the special pro-

NYC-2A - Schedule B, Line 11

visions. See Finance Memorandum 16-1,

NYC-2S - Schedule B, Line 6

“Application of IRC §280F Limits to

Sport Utility Vehicles”.

Enter the amount on line 8B as a deduction

on the applicable New York City tax return.

SCHEDULE B

Use the following lines. Attach an expla-

nation.

Column A

Enter each item of property disposed of

NYC-3A - Schedule B, line 15*

during the taxable year separately. Attach

Form Nyc-399z - Depreciation Adjustments For Certain Post 9/10/01 Property Page 5

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