Get Form 3802

Filling out Form 3802 online can seem challenging, but this comprehensive guide aims to simplify the process for users at all experience levels. Follow these instructions to navigate each section of the form with ease.

Follow the steps to complete Form 3802 effectively.

1. Press the ‘Get Form’ button to access the form and open it in your online editing tool.
2. Begin with Part I: 2011 Passive Activity Loss. Complete federal Worksheets 1 and 2 in the instructions for federal Form 8810 using California amounts before filling out this part. Enter your current year income from federal Worksheet 2, column (a) on line 1a.
3. Add your current year deductions and losses from federal Worksheet 2, column (b) on line 1b, ensuring to place any negative figures in parentheses. Enter prior year unallowed losses from federal Worksheet 2, column (c) on line 1c.
4. Combine lines 1a, 1b, and 1c and record the result on line 1d. If this total indicates net income or zero, refer to the instructions for further action.
5. For closely held C corporations, enter your net active income on line 2, and if it is a personal service corporation, enter -0-.
6. Combine line 1d and line 2 on line 3. If this sum is net income or zero, refer to the instructions; otherwise proceed to line 4.
7. On line 4, add any income from line 1a and line 2 to find total deductions and losses allowed.
8. Move to Part II: 2011 Passive Activity Credits. Complete federal Worksheet 5 using California amounts as necessary. Enter the current year passive activity credits on line 5a and any prior year unallowed credits on line 5b.
9. Combine lines 5a and 5b to get the total on line 6.
10. Calculate the tax attributable to net active income and net passive income for line 7 and enter the result.
11. Determine the unallowed passive activity credit on line 8 by subtracting line 7 from line 6. If the result is zero or less, enter -0-.
12. On line 9, enter the allowed passive activity credit by subtracting line 8 from line 6.
13. In Part III, indicate if you elect to increase the basis of credit property by checking the appropriate box and fill in the necessary information about the property.
14. Finally, review the entire form for accuracy and completeness. You can then save your changes, download, print, or share the completed form.

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