California Form 3528 A – Fill Out and Use This PDF

California Form 3528 A PDF Details

California Form 3528-A is the Application for New Home Credit, issued by the Franchise Tax Board (FTB). It documents new home purchases in California that qualify for a state tax credit. The form applies to transactions completed between March 1, 2009 and March 1, 2010.

Who Needs This Form?

• Sellers of newly built homes that have never been previously occupied
• Buyers purchasing those properties who want to claim a California tax credit
• Escrow companies processing qualifying home sales during this period

Tax Credit Details

• Credit amount: the lesser of $10,000 or 5% of the purchase price
• Credit is divided equally over three consecutive tax years
• Buyers must use the property as a principal residence for at least two years
• The property must never have been previously occupied before purchase

What the Form Covers

• Seller certification confirming the property is a new, never-occupied home
• Escrow company name, contact person, telephone number, and fax information
• Total purchase price and calculated qualified purchase price
• Buyer names, Social Security Numbers (SSN) or ITINs, and mailing addresses
• Buyer signatures and individual credit calculations

The seller completes Part I to certify the property is newly built. Buyers complete Parts II and III with personal information and signatures. The escrow company provides transaction details. Fax the completed form to the California Franchise Tax Board.

For other California state tax and real estate forms, explore California FTB Form 626, FTB Form 3519, and the California Real Estate Purchase Agreement.