Form FTB3805Q "Net Operating Loss (Nol) Computation and Nol and Disaster Loss Limitations - Corporations" - California

What Is Form FTB3805Q?

This is a legal form that was released by the California Franchise Tax Board - a government authority operating within California. As of today, no separate filing guidelines for the form are provided by the issuing department.

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 FTB3805Q by clicking the link below or browse more documents and templates provided by the California Franchise Tax Board.

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Download Form FTB3805Q "Net Operating Loss (Nol) Computation and Nol and Disaster Loss Limitations - Corporations" - California

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TAXABLE YEAR
CALIFORNIA FORM
Net Operating Loss (NOL) Computation and
2017
NOL and Disaster Loss Limitations — Corporations
3805Q
Attach to Form 100, Form 100W, Form 100S, or Form 109.
Corporation name
California corporation number
FEIN
During the taxable year the corporation incurred the NOL, the corporation was a(n):
C corporation
S corporation
Exempt organization
Limited liability company
(electing to be taxed as a corporation)
If the corporation previously filed California tax returns under another corporate name, enter the corporation name and California corporation number:
If the corporation is included in a combined report of a unitary group, see instructions, General Information C, Combined Reporting.
Part I
Current year NOL. If the corporation does not have a current year NOL, go to Part II.
1 Net loss from Form 100, line 18; Form 100W, line 18; Form 100S, line 15; or Form 109, line 2.
Enter as a positive number. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
00
2 2017 disaster loss included in line 1. Enter as a positive number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
00
3 Subtract line 2 from line 1. If zero or less, enter -0- and see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
00
4 a Enter the amount of the loss incurred by a new business included in line 3 . . . . . . . . . . . . . 4a
00
b Enter the amount of the loss incurred by an eligible small business included in line 3 . . . . . 4b
00
c Add line 4a and line 4b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4c
00
5 General NOL. Subtract line 4c from line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
00
6 Current year NOL. Add line 2, line 4c, and line 5. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
00
If the corporation is using the current year NOL to carryback to offset net income for taxable years 2015 and/or 2016,
complete Part III, NOL carryback, on Side 2 before completing Part I, lines 7 - 9 below.
7 2017 NOL carryback used to offset 2015 net income. Enter the amount from Part III, line 3, column (e). . . . . . . . . . . . .
7
00
8 2017 NOL carryback used to offset 2016 net income. Enter the amount from Part III, line 3, column (g) . . . . . . . . . . . . .
8
00
9 2017 NOL carryover to 2018. Add line 7 and line 8, then subtract the result from line 6. See instructions.. . . . . . . . . . . .
9
00
Election to waive carryback
Check the box if the corporation elects to relinquish the entire carryback period with respect to 2017 NOL under Internal Revenue Code (IRC)
Section 172(b)(3). By making the election, the corporation is electing to carry an NOL forward instead of carrying it back in the previous two years.
Once the election is made, it’s irrevocable. See instructions.
Continue with Part II, NOL carryover and disaster loss carryover limitations. Do not complete Part III, NOL carryback.
Part II
NOL carryover and disaster loss carryover limitations. See Instructions.
(g)
Available balance
1 Net income – Enter the amount from Form 100, line 18; Form 100W, line 18; Form 100S, line 15 less line 16;
or Form 109, line 2; (but not less than -0-).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Prior Year NOLs
(a)
(b)
(c)
(d)
(e)
(f)
(h)
Year of
Code – See instructions
Type of NOL –
Initial loss –
Carryover
Amount used
Carryover to 2018
*
loss
See below
See instructions
from 2016
in 2017
col. (e) minus col. (f)
2
Current Year NOLs
col. (d) minus col. (f)
See instructions.
3 2017
DIS
4 2017
2017
2017
2017
*Type of NOL: General (GEN), New Business (NB), Eligible Small Business (ESB), or Disaster (DIS).
FTB 3805Q 2017 Side 1
7521173
TAXABLE YEAR
CALIFORNIA FORM
Net Operating Loss (NOL) Computation and
2017
NOL and Disaster Loss Limitations — Corporations
3805Q
Attach to Form 100, Form 100W, Form 100S, or Form 109.
Corporation name
California corporation number
FEIN
During the taxable year the corporation incurred the NOL, the corporation was a(n):
C corporation
S corporation
Exempt organization
Limited liability company
(electing to be taxed as a corporation)
If the corporation previously filed California tax returns under another corporate name, enter the corporation name and California corporation number:
If the corporation is included in a combined report of a unitary group, see instructions, General Information C, Combined Reporting.
Part I
Current year NOL. If the corporation does not have a current year NOL, go to Part II.
1 Net loss from Form 100, line 18; Form 100W, line 18; Form 100S, line 15; or Form 109, line 2.
Enter as a positive number. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
00
2 2017 disaster loss included in line 1. Enter as a positive number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
00
3 Subtract line 2 from line 1. If zero or less, enter -0- and see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
00
4 a Enter the amount of the loss incurred by a new business included in line 3 . . . . . . . . . . . . . 4a
00
b Enter the amount of the loss incurred by an eligible small business included in line 3 . . . . . 4b
00
c Add line 4a and line 4b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4c
00
5 General NOL. Subtract line 4c from line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
00
6 Current year NOL. Add line 2, line 4c, and line 5. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
00
If the corporation is using the current year NOL to carryback to offset net income for taxable years 2015 and/or 2016,
complete Part III, NOL carryback, on Side 2 before completing Part I, lines 7 - 9 below.
7 2017 NOL carryback used to offset 2015 net income. Enter the amount from Part III, line 3, column (e). . . . . . . . . . . . .
7
00
8 2017 NOL carryback used to offset 2016 net income. Enter the amount from Part III, line 3, column (g) . . . . . . . . . . . . .
8
00
9 2017 NOL carryover to 2018. Add line 7 and line 8, then subtract the result from line 6. See instructions.. . . . . . . . . . . .
9
00
Election to waive carryback
Check the box if the corporation elects to relinquish the entire carryback period with respect to 2017 NOL under Internal Revenue Code (IRC)
Section 172(b)(3). By making the election, the corporation is electing to carry an NOL forward instead of carrying it back in the previous two years.
Once the election is made, it’s irrevocable. See instructions.
Continue with Part II, NOL carryover and disaster loss carryover limitations. Do not complete Part III, NOL carryback.
Part II
NOL carryover and disaster loss carryover limitations. See Instructions.
(g)
Available balance
1 Net income – Enter the amount from Form 100, line 18; Form 100W, line 18; Form 100S, line 15 less line 16;
or Form 109, line 2; (but not less than -0-).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Prior Year NOLs
(a)
(b)
(c)
(d)
(e)
(f)
(h)
Year of
Code – See instructions
Type of NOL –
Initial loss –
Carryover
Amount used
Carryover to 2018
*
loss
See below
See instructions
from 2016
in 2017
col. (e) minus col. (f)
2
Current Year NOLs
col. (d) minus col. (f)
See instructions.
3 2017
DIS
4 2017
2017
2017
2017
*Type of NOL: General (GEN), New Business (NB), Eligible Small Business (ESB), or Disaster (DIS).
FTB 3805Q 2017 Side 1
7521173
Part III
NOL carryback
1
2015 Net income – Enter the amount from 2015 Form 100, line 22; Form 100W, line 22;
Form 100S, line 20; or taxable income from Form 109, line 9; (but not less than -0-) . . . . . . . .
2
2016 Net income – Enter the amount from 2016 Form 100, line 22; Form 100W, line 22;
Form 100S, line 20; or taxable income from Form 109, line 9; (but not less than -0-) . . . . . . . .
(a)
(b)
(c)
(d)
(i)
2015
2016
Year of
Code – See
Type of
Initial loss –
Carryover to 2018
(e)
(f)
(g)
(h)
loss
instructions
NOL – See
col. (d) minus
See instructions
*
Carryback used –
After carryback
Carryback used –
After carryback
below
[col. (e) plus
See instructions
col. (d) minus col. (e)
See instructions
col. (f) minus col. (g)
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).
Part IV
2017 NOL deduction
1 Total the amounts in Part II, line 2, column (f) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
00
2 Enter the total amount from line 1 that represents disaster loss carryover deduction here and on Form 100, line 21;
Form 100W, line 21; or Form 100S, line 19. Form 109 filers enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
00
3 Subtract line 2 from line 1. Enter the result here and on Form 100, line 19; Form 100W, line 19; Form 100S, line 17;
or Form 109, line 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
00
Side 2 FTB 3805Q 2017
7522173
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