PA Department of Revenue Posts PA Bonus Depreciation Form & Instructions

The PA Department of Revenue has posted the new PA bonus depreciation form and instructions for Corporate Net Income (CNI) Tax purposes (Schedule C-8 and C-9).  The form reflects Pennsylvania’s  new depreciation rules that went into effect  for tax years beginning on or after 1/1/17 and is required to be filed each  year with the RCT-101.  The REV-1834 replaces the current REV-799 (Schedules  C-3 and C-4.).  Entity types other than those taxed as C corporations should NOT use this form. All other entity types follow PIT law, which does not recognize bonus depreciation.

 

<https://www.revenue.pa.gov/FormsandPublications/FormsforBusinesses/CorporationTax/Documents/rev-1834.pdf>