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.