Get Ca Form Ftb 3526 2024-2026

Filling out the CA Form FTB 3526 online allows taxpayers to determine their deductible investment interest expense and any amount to carry forward to future years. This guide will provide clear, step-by-step instructions to help users complete the form correctly and efficiently.

Follow the steps to fill out the CA Form FTB 3526 online:

1. Press the ‘Get Form’ button to access the form and open it in the online editor.
2. Enter your name(s) as shown on your tax return in the designated field.
3. Provide your Social Security Number (SSN), Individual Taxpayer Identification Number (ITIN), or Federal Employer Identification Number (FEIN) in the respective field.
4. In line 1, input the total investment interest expense paid or accrued during the taxable year.
5. For line 2, enter any disallowed investment interest expense from your 2023 Form FTB 3526; if none, input -0-.
6. In line 3, calculate the total investment interest expense by adding line 1 and line 2.
7. Complete line 4a by entering the gross income from property held for investment.
8. Enter the net gain from the disposition of property held for investment in line 4b.
9. For line 4c, input your net capital gain from the disposition of property held for investment.
10. In line 4d, subtract the amount in line 4c from line 4b; if zero or less, input -0-.
11. In line 4e, enter the amount on line 4c you choose to include in your investment income, not exceeding line 4b.
12. In line 4f, add line 4a, line 4d, and line 4e to find your investment income.
13. Input your investment expenses on line 5; these should be other allowed deductions connected with producing investment income.
14. In line 6, calculate net investment income by subtracting line 5 from line 4f.
15. For line 7, if any investment interest expense remains disallowed, subtract line 6 from line 3; if zero or less, enter -0-.
16. In line 8, write the smaller of line 3 or line 6 for your investment interest expense deduction.
17. Complete line 9 by entering the amount from federal Form 4952, line 8.
18. In line 10, calculate the California investment interest expense deduction adjustment by subtracting line 9 from line 8.
19. Once all fields are completed and reviewed, save your changes, and choose to download, print, or share the form as necessary.

Begin filling out your CA Form FTB 3526 online today to ensure accurate tax reporting.