Get Ca Form Ftb 3526 2022

Filling out the California Form FTB 3526 online is an essential process for individuals, estates, or trusts that wish to claim a deduction for investment interest expenses. This guide provides a clear framework to help you navigate each section and field of the form effectively.

Follow the steps to complete the form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter your name(s) as shown on your tax return in the designated field.
3. Provide your Social Security Number, Individual Taxpayer Identification Number, or Federal Employer Identification Number in the appropriate section.
4. Input the investment interest expense that was paid or accrued during the taxable year 2022 in line 1.
5. For line 2, if you have any disallowed investment interest expense from 2021, enter that amount. If the amount is zero or less, enter -0-.
6. Add the amounts from line 1 and line 2 to calculate the total investment interest expense and enter the total on line 3.
7. Complete lines 4a through 4f by entering your gross income from property held for investment and other relevant calculations as specified in the instructions.
8. Record any allowable investment expenses on line 5.
9. On line 6, subtract the total investment expenses from the total investment income calculated in line 4f.
10. Calculate any disallowed investment interest expense to carry forward to 2023 on line 7.
11. Enter your investment interest expense deduction on line 8, which should be the smaller of line 3 or line 6.
12. Complete line 9 by entering the amount from federal Form 4952, line 8.
13. Calculate the California investment interest expense deduction adjustment on line 10 using the instructions provided.
14. Once all entries are complete, review the form for accuracy. You can then save changes, download, print, or share the form as needed.

Complete your CA Form FTB 3526 online today to ensure you accurately claim your investment interest expense deduction.