Get Ca Ftb 3805q 2024-2026

The CA FTB 3805Q form is essential for corporations to compute their net operating loss and disaster loss limitations for the 2024 taxable year. This guide provides a clear, step-by-step framework to assist users in accurately completing the form online.

Follow the steps to effectively complete your CA FTB 3805Q form.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Identify and enter the corporation name, California corporation number, and Federal Employer Identification Number (FEIN) in the designated fields. Ensure accuracy to avoid delays.
3. Select the type of corporation by marking the appropriate checkbox: C corporation, S corporation, exempt organization, or limited liability company electing to be taxed as a corporation.
4. If applicable, provide the previous corporate name and California corporation number for any filings made under a different name.
5. In Part I, begin with the 'Current year NOL' section. Enter the net loss from your respective form (Form 100, Form 100W, Form 100S, or Form 109) as a positive number in line 1.
6. On line 2, if applicable, enter the amount of disaster loss included in line 1, also as a positive number.
7. Calculate line 3 by subtracting line 2 from line 1. If the result is zero or less, enter -0-.
8. For line 4, enter losses incurred by new or eligible small businesses in lines 4a and 4b, respectively, and provide the sum in line 4c.
9. For line 5, subtract line 4c from line 3 to determine the general NOL.
10. Finally, for line 6, calculate the current year NOL by adding line 2, line 4c, and line 5 together.
11. Proceed to Part II to complete net income and determine NOL carryover limitations according to the instructions provided.
12. In Part III, enter the total amounts and relevant deductions as instructed for your specific form.
13. Once all sections are completed, review the form for accuracy, then save your changes, and choose to download, print, or share the form as required.

Start completing your CA FTB 3805Q form online today to ensure timely and accurate filing.