Form CT-399 print requirements
To print, calculate, or suppress Form CT-399, Depreciation Adjustment Schedule.
- If you don’t use asset detail for your Federal return, go to .
- For the CT-399 heading:
- Enter information underACRS/MACRS Propertyto transfer to the Total line for Part 1, Section A
- Enter information under30%/50% special depreciation propertyto transfer to the Total line for Part 1, Section B
- Enter information underDisposition adjustments (data entry/override)to transfer to Part 2. If you have more than 4 adjustments to enter, additional rows are automatically added after you enter the 4th.
- Go to .
- Make sure the depreciation is not entered as an override on this screen (Code 507). Overrides on this screen suppress detail for the depreciation adjustment (Form CT-399)
- Go to .
- In theCT-399 Optionssection, make sure theSuppress printoption is not turned on.
- Do a full recompute, then print the return.
Use the asset detail
New York requires its own depreciation adjustment schedule, Form CT-399. Part 1 of this schedule is divided into 2 sections:
- Section A: For federal ACRS/MACRS property placed in service after 1980 in tax years beginning before 1985 and placed in service outside New York in tax years beginning in 1985 through 1993.
- Section B: For property placed in service on or after 6/1/2003 in tax years beginning after 2002 for which 30/50% federal special depreciation was claimed.
- The application automatically assumes that assets acquired after 1984 were placed in service within the state of New York. For all other assets that were placed in service in New York, go to .
- Select the asset for the activity.
- Select theForce asset placed in service in New Yorkoption.
- On theNew York Asset Detailtab, you can also force or suppress the asset from Form CT-399, Part 1, Section B.
- In theSpecial depreciation taken during fiscal year 2002 or 2003section, select eitherDo not place on CT-399orInclude this post 5/31/2003 asset on CT-399.
