CT-399: New York Depreciation Adjustment Schedule

CT-399 PDF Details

Part 1 is the computation of New York State depreciation modifications when computing New York State taxable income.

Part 1: list only depreciable property that requires or is entitled to a depreciation modification when computing New York State taxable income.

Sections: Section A is ACRS/MACRS property. Section B is property qualified under IRC section 168(k)(2) for federal special depreciation.

Disposed property: if you have disposed of any property listed on this form in a prior year, complete Parts 2 and 3.

Part 3: summary of adjustments to New York State taxable income.

Investment tax credit: In this tax period, did you dispose of property for which the investment tax credit was previously claimed?