New York Depreciation Adjustment Schedule

Depreciation Adjustment Schedule
Form CT-399 Depreciation Adjustment Schedule Tax Year 2023
Department of Taxation and Finance

Depreciation Adjustment Schedule

CT-399

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 New York State taxable income

	List only depreciable property that requires or is entitled to a depreciation modification when computing New York State taxable income
(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)
Property

Item

A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
A
Item

B
Date placed
in service
(mm-dd-yy)

 	 -	 	 -	  	 -	 	 -	- 
	-		 -		 -		 -		-		 -		 -		 -		 -		-		-		-		-	Amounts from
attached list, if any.....
	1	Totals of
	 	  Section A		 1
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q

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C
Cost or
other
basis

(see instructions)

D
E
F
Method of
Accumulated federal
Federal
figuring NYS
ACRS/MACRS
ACRS/MACRS
depreciation
depreciation deduction depreciation
(see instructions)

(see instructions)

G
Life
or
rate

(see instructions) (see instr.)

H
Accumulated
NYS
depreciation

(see instructions)

I
Allowable
NYS
depreciation

(see instructions)

Page 2 of 3  CT-399 (2023) 

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)
Property
Item

A
B
C
D
E
F
G
H
I
J
K
L
M

A
Item

B
Date placed
in service
(mm-dd-yy)

	A
	B
	
C
	D
	E
	F
	G
	H
	I
J
K
L
M

C
Cost or
other basis

(see instructions)

D
E
F
Accumulated
Federal depreciation Method of figuring
federal depreciation
deduction
NYS depreciation
(see instructions)

(see instructions)

G
Life or
rate

(see instructions) (see instr.)

H
Accumulated NYS
depreciation
(see instructions)

I
Allowable NYS
depreciation

 	 -	 	 -	  	 -	 	 -	- 
	-		 -		 -		 -		-		-	-	
	-		-	-	
	-	-

Amounts from
attached list, if any..... 	
2	 Totals of
	 .   Section B	 2
3	 Add 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
income and the total of column I as a deduction from federal income 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.

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CT-399 (2023)  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
investment tax credit was previously claimed? (mark an X in one box; see instructions) .................................................... 	Yes 	

No

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)
Property
Item

A
B
C
D
E
F
G
H

A
Item

B
Date placed
in service
(mm-dd-yy)

C
Total federal depreciation
deduction taken
(see instructions)

D
Total New York State
depreciation taken
(see instructions)

E
Adjustment (if C is larger

than D, column C - column D;
see instructions)

	 -		 -		 -		 -		 -		 -		 -		 -	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
	A
	
	Part 3 – Summary of adjustments to New York State taxable income
Federal

F
Adjustment (if D is larger

than C, column D - column C;
see instructions)

A
B
C
D
E
F
G
H

	 6	
	 7	
	 8	
	 9	
	10	

B
New York State

Enter amount from line 3, column E..........................................................	 6
Enter amount from line 3, column I ...........................................................	 7
Enter amount from line 4...........................................................................	 8
Enter amount from line 5...........................................................................	 9
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
	 CT-33-A/B..................	CT-33-A/B, line 73............................................................. 	CT-33-A/B, line 82

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