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This version of the form is not currently in use and is provided for reference only. Download this version of
Form IT-398
for the current year.
Form IT-398 New York State Depreciation Schedule for IRC Section 168(K) Property - New York
What Is Form IT-398?
This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is form IT-398?
A: Form IT-398 is the New York State Depreciation Schedule for IRC Section 168(K) Property.
Q: Who needs to fill out form IT-398?
A: Taxpayers in New York State who have qualified property for which they are claiming federal bonus depreciation need to fill out form IT-398.
Q: What is the purpose of form IT-398?
A: Form IT-398 is used to calculate and report the depreciation deduction for qualified property eligible for federal bonus depreciation in New York State.
Q: What is IRC Section 168(K) property?
A: IRC Section 168(K) property refers to qualified property for which taxpayers can claim federal bonus depreciation.
Q: Is form IT-398 only for New York State residents?
A: Yes, form IT-398 is specifically for taxpayers in New York State.
Form Details:
- The latest edition provided by the New York State Department of Taxation and Finance;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form IT-398 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.
Download Form IT-398 New York State Depreciation Schedule for IRC Section 168(K) Property - New York
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