Chat with an FTB Representative

Changes to 2005 Forms

2005 Updates to Schedule P (100W)

Revision Date: 04/04/06

Revision Details: Instructions

A revision is required in the Schedule P (100W), page 30. The revision allows a corporation to report differences between regular and AMT depreciation for Section 179 deduction. The succeeding pages following page 30 have been changed because of the this added revision.

  • Page 30, Column 1

It should read:

Note: Depreciation that is capitalized to inventory under the uniform capitalization rules must be refigured using the rules described above.

Note: Include on this line any differences between regular and AMT depreciation (ex: Section 179 depreciation differences).

This revision is required in the 2005 Package X, page 153 and Form 100W Booklet, page 30. It will increase/decrease the amount of AMT to be reported.

The revised internet version is available for download.

Back to Tax Form Changes for 2005