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Instructions for Form FTB3521 Low-Income Housing Credit - California
This document contains official instructions for Form FTB3521 , Low-Income Housing Credit - a form released and collected by the California Franchise Tax Board. An up-to-date fillable Form FTB3521 is available for download through this link.
FAQ
Q: What is Form FTB3521?A: Form FTB3521 is a tax form related to the Low-Income Housing Credit in California.
Q: What is the Low-Income Housing Credit?A: The Low-Income Housing Credit is a tax credit aimed at encouraging the development and preservation of affordable rental housing in California.
Q: Who should file Form FTB3521?A: Taxpayers who have been allocated a Low-Income Housing Credit by an eligible partnership or S corporation should file Form FTB3521.
Q: Do I need to attach Form FTB 3521 to my tax return?A: Yes, if you have been allocated a Low-Income Housing Credit, you must attach Form FTB3521 to your California tax return.
Q: What information do I need to complete Form FTB3521?A: You will need information about the Low-Income Housing Credit allocated to you, including the partnership or S corporation's name and ID number.
Q: Is there a deadline for filing Form FTB3521?A: Yes, the deadline for filing Form FTB3521 is the same as the deadline for your California tax return, typically April 15th.
Q: What happens if I don't file Form FTB3521?A: If you fail to file Form FTB3521, you may be subject to penalties and interest on the unreported Low-Income Housing Credit.
Instruction Details:
- This 2-page document is available for download in PDF;
- Might not be applicable for the current year. Choose a more recent version;
- Complete, printable, and free.
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the California Franchise Tax Board.
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