Form Ct 399 – Fill Out and Use This PDF

	Department of Taxation and Finance		CT-399
	Depreciation Adjustment Schedule
	Tax Law – Articles 9-A and 33
Legal name of corporation		Employer identification number

Part 1 – Computation of New York State depreciation modifications when computing entire net income (ENI) List only depreciable property that requires or is entitled to a depreciation modification when computing ENI (see Form CT-399-I, Instructions for Form CT-399).

Section A – ACRS/MACRS property (attach separate sheets if necessary, displaying this information formatted as below; see instructions)

A – Description of property (identify each item of property here; for each item of property complete columns B through I on the corresponding lines below)

Item

Property

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

A

B

C

D

E

F

G

H

I

Item

Date placed

Cost or

Accumulated federal

Federal

Method of

Life

Accumulated

Allowable

in service

other

ACRS/MACRS

ACRS/MACRS

figuring NYS

or

NYS

NYS

(mm-dd-yy)

basis

depreciation

depreciation deduction

depreciation

rate

depreciation

depreciation

(see instructions)

(see instructions)

(see instructions)

(see instructions)

(see instr.)

(see instructions)

(see instructions)

A

-

-

B

-

-

C

-

-

D

-

-

E

-

-

F

-

-

G

-

-

H

-

-

I

-

-

J

-

-

K

-

-

L

-

-

M

-

-

N

-

-

O

-

-

P

-

-

Q

-

-

Amounts from

attached list, if any ....

1 Totals of

Section A

1

482001210094

Page 2 of 3 CT-399 (2021)

Section B – Property qualified under IRC section 168(k)(2) for federal special depreciation (attach separate sheets if necessary,

displaying this information formatted as below; see instructions)

A – Description of property (identify each item of property here; for each item of property complete columns B through I on the corresponding lines below)

Item					Property
A
B
C
D
E
F
G
H
I
J
K
L
M
A		B	C	D	E	F	G	H	I
Item	Date placed		Cost or	Accumulated	Federal depreciation Method of figuring		Life or	Accumulated NYS	Allowable NYS
	in service		other basis	federal depreciation	deduction	NYS depreciation	rate	depreciation	depreciation
	(mm-dd-yy)		(see instructions)	(see instructions)	(see instructions)	(see instructions)	(see instr.)	(see instructions)
A	-	-

B- -

C- -

D	-	-
E	-	-

F- -

G- -

H	-	-
I	-	-
J	-	-
K	-	-

L- -

M- -

Amounts from

attached list, if any ....

2Totals of

Section B 2

3Add lines 1 and 2 in columns C, D, E, H, and I

(see instr) ....... 3

If you have not disposed of any ACRS/MACRS property placed in service in tax years beginning before 1994, and you have not disposed of qualified property for which you claimed a federal special depreciation deduction (in a tax year beginning after December 31, 2002, for property placed in service on or after June 1, 2003), enter the total of column E as an addback to federal taxable income (FTI) and the total of column I as a deduction from FTI on the appropriate lines of the applicable form (see line 3

instructions).

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

482002210094

CT-399 (2021) Page 3 of 3

Part 2 – Disposition adjustments (attach separate sheets if necessary, displaying this information formatted as below; see instructions)

•For each item of property listed below, determine the difference between the total federal depreciation deduction, including a federal special depreciation deduction allowed under IRC section 168(k) for qualified property under IRC section 168(k)(2), and the total New York State depreciation used in the computation of federal and New York State taxable income in prior and current years.

•If the federal depreciation deduction is larger than the New York State depreciation deduction, subtract column D from column C and enter the result in column E.

•If the New York State depreciation deduction is larger than the federal depreciation deduction, subtract column C from column D and enter the result in column F.

Disposition of property for certain tax credits – In this tax period, did you dispose of property for which the	Yes	No
investment tax credit was previously claimed? (mark an X in one box; see instructions)

A – Description of property (identify each item of property here; for each item of property complete columns B through F on the corresponding lines below)

Item				Property
A
B
C
D
E
F
G
H
A	B		C	D	E	F
Item	Date placed		Total federal depreciation	Total New York State	Adjustment (if C is larger	Adjustment (if D is larger
	in service		deduction taken	depreciation taken	than D, column C - column D;	than C, column D - column C;
	(mm-dd-yy)		(see instructions)	(see instructions)	see instructions)	see instructions)
A	-	-
B	-	-
C	-	-
D	-	-
E	-	-
F	-	-
G	-	-

H- -

Amounts from attached list, if any........

4 Total excess federal depreciation deductions over New York State

	depreciation deductions (add column E amounts)	4
5	Total excess New York State depreciation deductions over federal depreciation deductions (add column F amounts)			5
Part 3 – Summary of adjustments to ENI			A			B
			Federal			New York State
6	Enter amount from line 3, column E	6
7	Enter amount from line 3, column I	7
8	Enter amount from line 4	8
9	Enter amount from line 5	9
10	..................................................Add amounts in column A and column B	10

If you file Form:	Enter the amount from line 10, column A, on Form:	Enter the amount from line 10, column B, on Form:
CT-3	CT-225, Schedule A	CT-225, Schedule B
CT-3-A	CT-225-A, Schedule A	CT-225-A, Schedule B
CT-3-A/BC	CT-225-A/B, Schedule A	CT-225-A/B, Schedule B
CT-3-S	CT-34-SH, line 2	CT-34-SH, line 4
CT-33	CT-33, line 70	CT-33, line 78
CT-33-A	CT-33-A, line 73	CT-33-A, line 82

482003210094