Form FTB3805V "Net Operating Loss (Nol) Computation and Nol and Disaster Loss Limitations - Individuals, Estates, and Trusts" - California

What Is Form FTB3805V?

This is a legal form that was released by the California Franchise Tax Board - a government authority operating within California. Check the official instructions before completing and submitting the form.

Form Details:

  • Released on January 1, 2017;
  • The latest edition provided by the California Franchise Tax Board;
  • 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 printable version of Form FTB3805V by clicking the link below or browse more documents and templates provided by the California Franchise Tax Board.

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Download Form FTB3805V "Net Operating Loss (Nol) Computation and Nol and Disaster Loss Limitations - Individuals, Estates, and Trusts" - California

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CALIFORNIA FORM
TAXABLE YEAR
Net Operating Loss (NOL) Computation and NOL and
3805V
2017
Disaster Loss Limitations — Individuals, Estates, and Trusts
Attach to your California tax return.
SSN or ITIN
-
-
Names as shown on return
FEIN
-
Part I Computation of Current Year NOL for Individuals, Estates, and Trusts. If you do not have a current year NOL, go to Part II.
Section A — California Residents Only (Nonresidents go to Section B.)
1
Adjusted gross income from 2017 Form 540, line 17. If negative, use brackets. Estates and Trusts, begin on line 3 . . . . . . . . . . .
1
00
2
Itemized deductions or standard deduction from 2017 Form 540, line 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 (
00)
3
a Combine line 1 and line 2. (Estates and Trusts, enter taxable income, see instructions.) If negative, use brackets.
If positive, enter -0- here and on line 25. Do not complete the rest of Section A. You do not have a current year NOL.
Complete Part II and Part III if you have a carryover from prior years.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3a
00
b 2017 declared disaster loss included in line 3a. Enter as a positive number. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3b
00
c Combine line 3a and line 3b. If negative, use brackets and continue to line 4. If zero or more, do not complete the
rest of Part I. Enter the amount from line 3b, if any, in Part III, line 3, column (d) and complete
Part II and Part III as instructed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3c
00
Enter amounts on line 4 through line 24 as if they were all positive numbers. See instructions.
4
4
Nonbusiness capital losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
5
Nonbusiness capital gains. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . .
5
00
6
If line 4 is more than line 5, enter the difference; otherwise, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . .
6
00
7
If line 4 is less than line 5, enter the difference; otherwise, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
00
8
Nonbusiness deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
00
9
Nonbusiness income other than capital gains . . . . . . . . . . . . . . . . . . . . . . . . .
9
00
10
Add line 7 and line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
00
11
If line 8 is more than line 10, enter the difference; otherwise, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
00
12
If line 8 is less than line 10, enter the difference; otherwise, enter -0- . . . . . . .
12
00
13
Business capital losses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
00
14
Business capital gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14
00
15
Add line 12 and line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
00
16
If line 13 is more than line 15, enter the difference; otherwise, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . .
16
00
17
Add line 6 and line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17
00
18
Enter the loss, if any, from line 8 of Schedule D (540). Estates and Trusts, enter the loss,
if any, from line 9, column (c), of Schedule D (541). If you do not have a loss on that line, skip line 18
through line 21 and enter on line 22 the amount from line 17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
00
19
Enter the loss, if any, from line 9 of Schedule D (540). Estates and Trusts, enter the loss,
if any, from line 10 of Schedule D (541). Enter as a positive number . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
00
20
If line 18 is more than line 19, enter the difference; otherwise, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . 20
00
21
If line 19 is more than line 18, enter the difference; otherwise, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21
00
22
Subtract line 20 from line 17. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22
00
23
NOL and disaster loss carryovers from prior years. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23
00
24
Add lines 11, 21, 22, and 23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24
00
25
Current Year NOL. Combine line 3c and line 24. If more than zero, enter -0-. You do not have a current year
NOL to carryback or carryover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25
00
If the Individual, Estate, or Trust is using the current year NOL to carryback to offset taxable income for taxable years 2015 and/or 2016,
complete Part IV, NOL Carryback, on Side 4 before completing Part I, Section A, lines 26-28 below. Enter lines 26 and 27 as positive numbers.
26
2017 NOL carryback used to offset 2015 taxable income. Enter the amount from Part IV, line 3, col. (e) . . . . . . . . . . . . . . . . .
.
26
00
27
2017 NOL carryback used to offset 2016 taxable income. Enter the amount from Part IV, line 3, col. (g) . . . . . . . . . . . . . . . . .
.
27
00
28
2017 NOL carryover to 2018. Combine line 25, line 26, and line 27. See instructions.
If more than zero, enter -0-. You do not have a current year NOL to carryover... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28
00
FTB 3805V 2017 Side 1
7531173
For Privacy Notice, get FTB 1131 ENG/SP.
CALIFORNIA FORM
TAXABLE YEAR
Net Operating Loss (NOL) Computation and NOL and
3805V
2017
Disaster Loss Limitations — Individuals, Estates, and Trusts
Attach to your California tax return.
SSN or ITIN
-
-
Names as shown on return
FEIN
-
Part I Computation of Current Year NOL for Individuals, Estates, and Trusts. If you do not have a current year NOL, go to Part II.
Section A — California Residents Only (Nonresidents go to Section B.)
1
Adjusted gross income from 2017 Form 540, line 17. If negative, use brackets. Estates and Trusts, begin on line 3 . . . . . . . . . . .
1
00
2
Itemized deductions or standard deduction from 2017 Form 540, line 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 (
00)
3
a Combine line 1 and line 2. (Estates and Trusts, enter taxable income, see instructions.) If negative, use brackets.
If positive, enter -0- here and on line 25. Do not complete the rest of Section A. You do not have a current year NOL.
Complete Part II and Part III if you have a carryover from prior years.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3a
00
b 2017 declared disaster loss included in line 3a. Enter as a positive number. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3b
00
c Combine line 3a and line 3b. If negative, use brackets and continue to line 4. If zero or more, do not complete the
rest of Part I. Enter the amount from line 3b, if any, in Part III, line 3, column (d) and complete
Part II and Part III as instructed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3c
00
Enter amounts on line 4 through line 24 as if they were all positive numbers. See instructions.
4
4
Nonbusiness capital losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
5
Nonbusiness capital gains. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . .
5
00
6
If line 4 is more than line 5, enter the difference; otherwise, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . .
6
00
7
If line 4 is less than line 5, enter the difference; otherwise, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
00
8
Nonbusiness deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
00
9
Nonbusiness income other than capital gains . . . . . . . . . . . . . . . . . . . . . . . . .
9
00
10
Add line 7 and line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
00
11
If line 8 is more than line 10, enter the difference; otherwise, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
00
12
If line 8 is less than line 10, enter the difference; otherwise, enter -0- . . . . . . .
12
00
13
Business capital losses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
00
14
Business capital gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14
00
15
Add line 12 and line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
00
16
If line 13 is more than line 15, enter the difference; otherwise, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . .
16
00
17
Add line 6 and line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17
00
18
Enter the loss, if any, from line 8 of Schedule D (540). Estates and Trusts, enter the loss,
if any, from line 9, column (c), of Schedule D (541). If you do not have a loss on that line, skip line 18
through line 21 and enter on line 22 the amount from line 17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
00
19
Enter the loss, if any, from line 9 of Schedule D (540). Estates and Trusts, enter the loss,
if any, from line 10 of Schedule D (541). Enter as a positive number . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
00
20
If line 18 is more than line 19, enter the difference; otherwise, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . 20
00
21
If line 19 is more than line 18, enter the difference; otherwise, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21
00
22
Subtract line 20 from line 17. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22
00
23
NOL and disaster loss carryovers from prior years. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23
00
24
Add lines 11, 21, 22, and 23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24
00
25
Current Year NOL. Combine line 3c and line 24. If more than zero, enter -0-. You do not have a current year
NOL to carryback or carryover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25
00
If the Individual, Estate, or Trust is using the current year NOL to carryback to offset taxable income for taxable years 2015 and/or 2016,
complete Part IV, NOL Carryback, on Side 4 before completing Part I, Section A, lines 26-28 below. Enter lines 26 and 27 as positive numbers.
26
2017 NOL carryback used to offset 2015 taxable income. Enter the amount from Part IV, line 3, col. (e) . . . . . . . . . . . . . . . . .
.
26
00
27
2017 NOL carryback used to offset 2016 taxable income. Enter the amount from Part IV, line 3, col. (g) . . . . . . . . . . . . . . . . .
.
27
00
28
2017 NOL carryover to 2018. Combine line 25, line 26, and line 27. See instructions.
If more than zero, enter -0-. You do not have a current year NOL to carryover... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28
00
FTB 3805V 2017 Side 1
7531173
For Privacy Notice, get FTB 1131 ENG/SP.
Section B — Nonresidents and Part-Year Residents Only — Computation of Current Year California NOL
(a)
(b)
(c)
(d)
(e)
Enter total amounts
Total
Enter amounts
Enter amounts
Enter amounts
as if you were a
earned or received
earned or received
earned or received
Combine
CA resident for
from CA sources
during the portion
from CA sources
columns (c) and (d)
entire year.
if you were a nonresident
of the year you were
during the portion
for the entire year.
a CA resident.
of the year you
were a nonresident.
1 Adjusted gross income. See instructions.
If negative, use brackets . . . . . . . . . . . . . . . . . .
1
2 Itemized deductions or standard deduction.
(
) (
)(
)(
)(
)
See instructions. . . . . . . . . . . . . . . . . . . . . . . . .
2
3 a Combine line 1 and line 2. See instructions. . 3a
b 2017 declared disaster loss included
in line 3a. Enter as a positive number . . . . . 3b
c
Combine line 3a and line 3b. If negative,
use brackets and continue to line 4 . . . . . . . 3c
Enter amounts on line 4 through line 24 as if they were all positive numbers.
4 Nonbusiness capital losses . . . . . . . . . . . . . . . .
4
5 Nonbusiness capital gains . . . . . . . . . . . . . . . . .
5
6 If line 4 is more than line 5, enter the
difference; otherwise, enter -0- . . . . . . . . . . . . .
6
7 If line 4 is less than line 5, enter the
difference; otherwise, enter -0- . . . . . . . . . . . . .
7
8 Nonbusiness deductions . . . . . . . . . . . . . . . . . .
8
9 Nonbusiness income other than capital gains . .
9
10 Add line 7 and line 9 . . . . . . . . . . . . . . . . . . . . . 10
11 If line 8 is more than line 10, enter the
difference; otherwise, enter -0- . . . . . . . . . . . . . 11
12 If line 8 is less than line 10, enter the
difference; otherwise, enter -0- . . . . . . . . . . . . . 12
13 Business capital losses . . . . . . . . . . . . . . . . . . . 13
14 Business capital gains . . . . . . . . . . . . . . . . . . . . 14
15 Add line 12 and line 14 . . . . . . . . . . . . . . . . . . . 15
16 If line 13 is more than line 15, enter the
difference; otherwise, enter -0- . . . . . . . . . . . . . 16
17 Add line 6 and line 16 . . . . . . . . . . . . . . . . . . . . 17
18 Enter the loss, if any, from line 4 of
Schedule D (540NR) worksheet for nonresidents
and part-year residents. See instructions. . . . . . 18
19 Enter the loss, if any, from line 5 of Schedule D
(540NR) worksheet for nonresidents and
part-year residents. Enter as a positive number. . . 19
20 If line 18 is more than line 19, enter the
difference; otherwise, enter -0- . . . . . . . . . . . . . 20
21 If line 19 is more than line 18, enter the
difference; otherwise, enter -0- . . . . . . . . . . . . . 21
22 Subtract line 20 from line 17. If zero or less,
enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
23 NOL and disaster loss carryovers from prior
years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
24 Add lines 11, 21, 22, 23 . . . . . . . . . . . . . . . . . . 24
25 Current Year NOL. Combine line 3c and line 24.
If more than zero, enter -0- . . . . . . . . . . . . . . . . 25
If the Individual, Estate, or Trust is using the current year NOL to carryback to offset taxable income for taxable years 2015 and/or 2016, complete Part IV, NOL Carryback,
on Side 4 before completing Part I, Section B, lines 26-28 below. Enter lines 26 and 27 as positive numbers.
26 2017 NOL carryback used to offset 2015
taxable income. Enter the amount from
Part IV, line 3, col. (e) . . . . . . . . . . . . . . . . . . . . 26
27 2017 NOL carryback used to offset 2016
taxable income. Enter the amount from
Part IV, line 3, col. (g) . . . . . . . . . . . . . . . . . . . . 27
28 2017 NOL carryover to 2018. Combine line 25,
line 26, and line 27.
See instructions. If more than zero, enter -0-. . . 28
Side 2 FTB 3805V 2017
7532173
Section C — Election to Waive Carryback
Check the box if the Individual, Estate, or Trust elects to “relinquish” the entire carryback period with respect to a 2017 NOL under IRC Section 172(b)(3).
By making the election, the Individual, Estate, or Trust is electing to carry an NOL forward instead of carrying it back in the previous two years. Once the
election is made, it is irrevocable. See instructions.
Continue with Part II, Determine 2017 Modified Taxable Income (MTI) and Part III, NOL Carryover and Disaster Loss Carryover Limitations. Do not
complete Part IV, NOL Carryback.
Part II Determine 2017 Modified Taxable Income (MTI). Be sure to read the instructions for Part II.
1
Taxable income. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
00
Enter amounts on line 2 through line 5 as if they were all positive numbers.
2
Capital loss deduction included in line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
00
3
Disaster loss carryover included in line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
00
4
NOL carryover included in line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
00
5
Adjustments to itemized deductions. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
00
6
MTI. Combine line 1 through line 5. If line 6 is zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
00
Part III NOL Carryover and Disaster Loss Carryover Limitations. See Instructions.
(g)
Available balance
1
MTI from Part II, line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
Prior Year NOLs
(a)
(b)
(c)
(d)
(e)
(f)
(h)
Year of
Code
Type of NOL
Initial loss
Carryover
Amount used
Carryover to 2018
*
loss
See instructions
See below
from 2016
in 2017
col. (e) minus col. (f)
2
col. (d) minus col. (f)
Current Year NOLs
See Instructions
DIS
3
2017
4
2017
2017
2017
*
Type of NOL: General (GEN), New Business (NB), Eligible Small Business (ESB), or Disaster (DIS).
5
NOL carryover. Add the carryover amounts in column (h) that are not the result of a disaster loss. . . . . . . . . . . . . . . . . . . . . . . . .
5
00
6
Disaster loss carryover. Enter the total loss carryover amounts in column (h) that are the result of disaster losses . . . . . . . . . . . .
6
00
FTB 3805V 2017 Side 3
7533173
Part IV
NOL Carryback. See instructions.
1 2015 Taxable Income – Enter the amount from 2015 Form 540, line 19; Form 540NR, line 35; or
Form 541, line 20a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 2016 Taxable income – Enter the amount from 2016 Form 540, line 19; Form 540NR, line 35; or
Form 541, line 20a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(a)
(b)
(c)
(d)
2015
2016
(i)
Carryover to
(e)
(f)
(g)
(h)
Year of
Code – See
Type of NOL –
Initial loss -
2018
Carryback used –
After carryback
*
loss
instructions
See below
See instructions
Carryback used -
After carryback
col. (d) minus
See instructions
col. (f)
See instructions
col. (d)
[col. (e) plus
minus col. (g)
minus col. (e)
col. (g)]
3 2017
2017
2017
2017
2017
*
Type of NOL: General (GEN), New Business (NB), Eligible Small Business (ESB), or NOL attributable to a qualified disaster loss (DIS).
Side 4 FTB 3805V 2017
7534173
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