Get Ca Form 3521 2019

Navigating the California Form 3521 can be straightforward with the right guidance. This document is essential for claiming low-income housing credits, and this guide will walk you through each part of the form to ensure you complete it correctly.

Follow the steps to fill out the CA Form 3521 effectively.

1. Click ‘Get Form’ button to obtain the form and open it for editing.
2. Begin by filling in your name(s) as shown on your California tax return, along with your social security number or tax identification number, corporation number, or federal employer identification number.
3. Provide the building identification number (BIN). If applicable, attach a list of all BINs for this credit.
4. In Part I, indicate if the eligible basis of any project or building has decreased since receiving Form CTCAC 3521A. Select 'Yes' or 'No'. If 'Yes', complete Part III before proceeding.
5. Fill in the current year credit in the specified field as directed by the form's instructions.
6. List any affiliated corporation or pass-through low-income housing credits from other entities, completing the relevant fields for each entity.
7. Perform the calculations as instructed, adding and subtracting the relevant lines to arrive at the allowable low-income housing credit.
8. In Part II, indicate the credit claimed on the current year tax return and any total credit that has been assigned.
9. Complete the calculations for carryover to future years by adding and subtracting the lines as instructed.
10. If applicable, complete Part III with the basis recomputations for any project or building that has decreased, filling out the required fields.
11. Once all sections are complete, review your entries for accuracy, then save changes. You can also choose to download, print, or share the form.

Complete your CA Form 3521 online today to ensure your low-income housing credits are claimed accurately.