Get Ca Form Ftb 3526 2023-2026

This guide provides step-by-step instructions for users to complete the CA Form FTB 3526, which is necessary for calculating the investment interest expense deduction. By following these instructions, users will be able to fill out the form accurately and efficiently online.

Follow the steps to complete the CA Form FTB 3526 online.

1. Click the ‘Get Form’ button to obtain the CA Form FTB 3526 and open it for editing.
2. Enter the taxable year at the top of the form, ensuring you indicate '2023' in the designated area.
3. In the section titled 'Name(s) as shown on tax return,' provide the names of the individuals, estate, or trust as they appear on the tax return.
4. Input your Social Security Number (SSN), Individual Taxpayer Identification Number (ITIN), or Federal Employer Identification Number (FEIN) in the appropriate field.
5. For Line 1, report the investment interest expense paid or accrued in 2023, referring to relevant instructions for guidance.
6. For Line 2, include any disallowed investment interest expense from the 2022 Form FTB 3526, line 7. If this amount is zero or less, enter '0'.
7. Calculate the total investment interest expense by adding the amounts from Line 1 and Line 2 and enter this on Line 3.
8. Proceed to Line 4a by entering your gross income from property held for investment, as defined in the instructions.
9. Complete Lines 4b, 4c, 4d, 4e, and 4f according to the instructions, ensuring to accurately sum and enter your net capital gain and any relevant deductions.
10. For Line 5, report your investment expenses as defined by the form’s guidelines.
11. Calculate the net investment income on Line 6 by subtracting Line 5 from Line 4f.
12. For Line 7, calculate any disallowed investment interest expense to be carried forward to 2024, entering '0' if applicable.
13. Complete Line 8 by entering the smaller of Line 3 or Line 6, and follow the directions based on whether you are filing Form 541.
14. Enter the amount from federal Form 4952, line 8 on Line 9, if applicable.
15. Complete Line 10 by calculating the California investment interest expense deduction adjustment as instructed.
16. Once all sections are completed, you can save your changes, download, print, or share the form directly from your online editing tool.

Begin completing the CA Form FTB 3526 online today to ensure your investment interest deductions are accurately claimed.