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Changes to 2005 Forms

2005 Updates to Schedule P (100)

Revision Date: 04/04/06

Revision Details: Instructions

A revision is required in the Schedule P (100), page 2. The revision allows a corporation to report differences between regular and AMT depreciation for Section 179 deduction. The succeeding pages following page 2 have been changed because of this added revision.

  • Page 2, 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 74; Form 100 Booklet page, 28 and the flat version of the Schedule P (100), page 2. 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