Get 2015 Form 3805q -- Net Operating Loss Nol Computation And - Ftb Ca

Filling out the 2015 Form 3805Q for net operating loss computation is a crucial step for corporations navigating tax deductions in California. This guide will provide clear, step-by-step instructions to assist users in completing the form accurately online.

Follow the steps to fill out the form effectively.

1. Click ‘Get Form’ button to obtain the form and open it in your preferred editing tool.
2. Enter the corporation name, California corporation number, and FEIN in the appropriate fields at the top of the form. Ensure all information is accurate before proceeding.
3. Indicate the type of corporation by checking the appropriate box (C corporation, S corporation, exempt organization, or limited liability company). If applicable, provide the previous corporate name and number.
4. Move to Part I, where you will calculate the current year NOL. First, enter the net loss from the required form line (Form 100, line 18; Form 100W, line 18; etc.) as a positive number on line 1.
5. If you have a disaster loss included in line 1, enter that amount on line 2. Then, subtract line 2 from line 1 and record the result on line 3.
6. For lines 4a and 4b, enter any losses incurred by a new business or an eligible small business, respectively. Add these amounts for line 4c.
7. Complete line 5 by subtracting line 4c from line 3 to determine the general NOL. Add line 2, line 4c, and line 5 for line 6 to summarize the current year NOL.
8. If you are utilizing a carryback for the current year NOL, fill in lines 7 and 8 with applicable amounts from Part III before proceeding to Part II.
9. In Part II, begin with the net income from the applicable form line. Document any available balances and carryovers accordingly in the tables provided.
10. Continue with Part III if applicable, documenting carrybacks used for previous taxable years.
11. Finally, review all entries for accuracy and completeness. Save your changes, download, print, or share the completed form as needed.

Complete your documentation online now for a smooth filing process!