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This article applies to:

  • Product: GoSystem Tax RS
  • Return type: 1040 Individual
  • State: New York
  • Subject: Print requirements

Form IT-398 print requirements

To print this form you'll need to enter depreciation, populate the form, and make sure it's not suppressed.
To print Form IT-398, New York State Depreciation Schedule For IRC Section 168(k) Property:
  1. In
    Organizer
    , select
    Income
    , then
    Business Income
    .
  2. Select the
    business name
    , then
    Depreciation and Amortization
    , then
    Asset Detail
    .
  3. Select the
    asset name
    .
  4. Select the
    Depreciation Detail
     tab.
  5. In the
    Special Depreciation Allowance under IRC Sections 168(k), 1400L, 1400N, and ITC
     section, clear the
    No basis reduction (Default)
     option in the
    Special depreciation allowance and ITC type
     dropdown.
  6. Select the
    State Depreciation
     tab.
  7. In the
    Specific State Information
     section, enter a
    cost method
    ,
    life
    , and
    current year deduction
     entered for
    NY
    .
  8. In the
    New York State Depreciation
     section, select
    Use IT-398
    .
  9. Select
    Tax Forms
    , then
    States
    , then
    New York
    .
  10. Select
    Resident
     or
    Part-year Resident/Nonresident
    .
  11. Select
    IT-398 - IRC 168(k) Depreciation
    .
  12. Make sure there is an amount or NONE in
    line 1
     or
    line 5
    .
  13. Do a full recompute, then print.
If the form doesn’t print, check if it's suppressed:
  1. In
    Organizer
    , select
    Income
    , then
    Business Income
    .
  2. Select the
    business name
    , then
    Depreciation and Amortization
    , then
    Asset Detail
    .
  3. Select the
    asset name
    , then select the
    State Depreciation
     tab.
  4. In the
    New York State Depreciation
     section, clear the
    Suppress from IT-398 and IT-399
     checkbox.
  5. Do a full recompute, then print.

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