NEW YORK IT-225

[Max W]

I just want to be sure I am doing this right.  

Client  purchased a car had bonus dep. of $25,000 which is the total for Col G, form 399.  

According to the instructions on form 399, the $1250 in col F is entered on IT-225 is entered code s-213 and the subtraction is $1250.

The $25K is entered on IT-225 with code A-209 and there is no addition.

Am I missing something here.

 

 

[Max W]

Correction.  It was form 398, not 399.

[Patrick Michael]

Sounds about  right.  NY does not recognize bonus depreciation.  So the $25K is adding the bonus depreciation taken on the federal side back in and then subtracts out the depreciation that is allowable in NY.

[Max W]

Thanks for your comments.