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Get Ca Form 3521 2018
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How to fill out the CA Form 3521 online
Filing the CA Form 3521 online can be a straightforward process if you follow the right steps. This comprehensive guide will walk you through each section of the form to ensure you provide accurate information and complete your filing successfully.
Follow the steps to complete your CA Form 3521 online.
- Click ‘Get Form’ button to access the CA Form 3521 and open it for editing.
- Begin by entering your name(s) as they appear on your California tax return in the appropriate field. Make sure to select the correct identification option: SSN or ITIN, California Corporation number, or FEIN.
- Provide the Building Identification Number (BIN). If you have multiple buildings, attach a separate list of all BINs that pertain to this credit.
- In Part I, Available Credit, answer the initial question regarding any decrease in the eligible basis of any project or building since the receipt of form CTCAC 3521A. Select ‘Yes’ or ‘No’ accordingly.
- For current year credit, enter the applicable amount in the designated field. Follow the detailed instructions provided in the form.
- List any affiliated corporation or pass-through low-income housing credits from other entities in the appropriate sections. Utilize the specific lines to enter details such as names and identification numbers.
- Add the amounts as indicated in the provided columns to arrive at your total pass-through low-income housing credit.
- Proceed to calculate the current year low-income housing credit by adding lines 2 and 3 together.
- If applicable, subtract any amounts from passive activities as indicated on the form to finalize your available low-income housing credit.
- In Part II, enter the credit claimed for the current year tax return and any credit assigned from other forms, if necessary. Use the calculations provided to arrive at your carryover for future years.
- If your project's basis has decreased, complete Part III with relevant information for each building as specified.
- Finally, review your entries for accuracy, then save your changes as a digital file, and you can download, print, or share the completed form as needed.
Start your online filing for the CA Form 3521 today to ensure you don't miss any deadlines.
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Obtaining California tax forms is straightforward. You can access forms online through the California Franchise Tax Board's website or request them by mail. For customized forms, including the CA Form 3521, consider visiting UsLegalForms, where you can find a variety of legal documents tailored to your needs. Make sure to review your forms thoroughly to ensure accuracy before submission.
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