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CT-399-I (1998) (back)

Line 7 — Add the amounts in column F and enter the total on

Line 5 — If you have not disposed of any property acquired

line 11.

during tax years 1981 through 1993, you may stop here and enter

the totals of columns E and I on your franchise tax return:

Part V - Minimum Taxable Income Base

If you

Depreciation Adjustments

ﬁle form:

Enter column E total on: and

Enter column I total on:

CT-3 or CT-3-A . . . . . .

line 7 . . . . . . . . . . . . . . . . . . . . .

line 14

If the amount on line 3 is zero, do not complete Part V, enter ‘‘0’’

CT-3-S or CT-3-S-A . . .

line 6 . . . . . . . . . . . . . . . . . . . . .

line 13

on Form CT-3 or CT-3-A, line 43, or Form CT-4, line 22.

CT-4 . . . . . . . . . . . . . .

line 5 . . . . . . . . . . . . . . . . . . . . .

line 8

CT-4-S . . . . . . . . . . . .

line 4 . . . . . . . . . . . . . . . . . . . . .

line 6

Column A — List property that is included in the federal

CT-32 . . . . . . . . . . . . .

Schedule, B, line 28. . . . . . . . . .

Schedule B, line 39

CT-32-A. . . . . . . . . . . .

Schedule, B, line 7. . . . . . . . . . .

Schedule B, line 16

Form 4626, line 2a computation and is:

CT-33 . . . . . . . . . . . . .

line 70 . . . . . . . . . . . . . . . . . . . .

line 81

a. placed in service in New York State in tax years

beginning before 1982 and after 1984;

If you have disposed of property required to be listed in Part II,

b. subject to IRC section 280-F;

you must complete Part III.

c. property of a taxpayer principally engaged in the

conduct of aviation (other than air freight

Part III - Disposition Adjustments

forwarders acting as principal and like indirect air

carriers) which was placed in service before tax

Column A — Enter each item of property separately. Attach a

years beginning in 1989; or

separate sheet if additional room is needed. Do not

d. placed in service outside New York State in tax

list any property included on line 3.

years beginning before 1982 and after 1993.

Column C — Enter for each item the total amount of ACRS or

If you were not required to ﬁle Form 4626, list the property used

MACRS deductions used in the computation of

to compute the amount called for on line 2a of that form, including

federal taxable income for prior and current years.

only property described in a, b, c, and d above.

If the amount on federal Form 4626, line 2a, represents only the

Column D — Enter for each item the total amount of New York

depreciation adjustment for property listed in a, b, c, or d above,

State depreciation deductions used in the

enter the amount from federal Form 4626, line 2a, on Form CT-3

computation of prior and current year entire net

or CT-3-A, line 43, or Form CT-4, line 22; do not complete Part V.

income. There was no New York State depreciation

modiﬁcation applicable to recovery property for the

tax year beginning in 1981. The New York State

If you ﬁled federal Form 4626, attach a copy.

depreciation deduction conforms with the federal

ACRS deduction in that year. Therefore, include the

Column B — Enter the exact date the property was placed in

1981 federal ACRS deduction in this column.

service, including month, day and year.

Column E — If the total ACRS or MACRS deduction is more

Column C — Enter the cost or other basis of the listed property

than the total New York State depreciation, subtract

from federal Form 4562.

column D from column C and enter the excess in

this column.

Column D — Enter the total amount of federal depreciation

Column F — If the total New York State depreciation is more

deductions taken this year for each item listed.

than the ACRS or MACRS deduction, subtract

column C from column D and enter the excess in

this column.

Column E — Enter the amount for each item of property

following the rules in IRC section 56(a)(1). Use the

Line 6 — Add the amounts in column E and enter the total on

instructions for federal Form 4626, line 2a, to assist

line 10.

you in this computation.

Need Help?

Telephone Assistance is available from 8:30 a.m. to 4:25 p.m. (eastern time), Monday through Friday. For business tax information

and forms, call the Business Tax Information Center at 1 800 972-1233. For general information, call toll free 1 800 225-5829. To

order forms and publications, call toll free 1 800 462-8100. From areas outside the U.S. and outside Canada, call (518) 485-6800.

Fax-on-Demand Forms Ordering System - Most forms are available by fax 24 hours a day, 7 days a week. Call toll free from the U.S.

and Canada 1 800 748-3676. You must use a Touch Tone phone to order by fax. A fax code is used to identify each form.

Internet Access -

Access our website for forms, publications, and information.

Hotline for the Hearing and Speech Impaired - If you have access to a telecommunications device for the deaf (TDD), you can get

answers to your New York State tax questions by calling toll free from the U.S. and Canada 1 800 634-2110. Assistance is available

from 8:30 a.m. to 4:15 p.m. (eastern time), Monday through Friday. If you do not own a TDD, check with independent living centers or

community action programs to ﬁnd out where machines are available for public use.

Persons with Disabilities - In compliance with the Americans with Disabilities Act, we will ensure that our lobbies, ofﬁces, meeting

rooms, and other facilities are accessible to persons with disabilities. If you have questions about special accommodations for persons

with disabilities, please call the information numbers listed above.

Mailing Address - If you need to write, address your letter to: NYS Tax Department, Taxpayer Assistance Bureau, W A Harriman

Campus, Albany NY 12227.

Instructions For Form Ct-399 - Depreciation Adjustment Schedule - New York State Department Of Taxation And Finance - 1998 Page 2

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