Get Ca Form Ftb 3801-cr 2020

Filling out the California Form FTB 3801-CR online can be a straightforward process when provided with the right guidance. This guide offers step-by-step instructions to help users navigate each section and field of the form with ease.

Follow the steps to complete the CA Form FTB 3801-CR online

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering your name(s) as shown on your return in the designated field.
3. Provide your Social Security Number (SSN), Individual Taxpayer Identification Number (ITIN), Federal Employer Identification Number (FEIN), or California corporation number at the top of the form.
4. Complete Part I by calculating your 2020 passive activity credits using Worksheets 1, 2, 3, and 4 from the instructions for federal Form 8582-CR. Refer to the specific sections for guidance on entering your rental real estate activity credits.
5. In Section 6, enter the tax attributable to your net passive income as instructed.
6. Transfer the results to line 7 by subtracting the taxable income from the total passive activity credits.
7. Proceed to Part II, if applicable. If you recorded an amount on line 1c, fill in the required details on lines 8 through 16 as per the instructions provided.
8. Move to Part III, where you will add the figures from line 6 and line 16 to determine your total allowed passive activity credits.
9. If you are electing to increase the basis of credit property in Part IV, check the appropriate box and provide the name of the activity disposed of, a description of the credit property, and the amount of unallowed credit.
10. Once all sections are completed, you can save your changes, download the final form, or print it for your records.

Start completing your CA Form FTB 3801-CR online today!