Form 3805Q PDF Details

Form 3805Q is a form used to calculate the amount of tax owed on qualified Sections 1202 and 1245 property. The form must be completed by the taxpayer and filed with their federal income tax return. The purpose of this form is to help taxpayers determine the amount of gain or loss they incurred on the sale or disposition of qualified property. Taxpayers who have sold, exchanged, or otherwise disposed of qualified property during the year should use this form to figure out their taxable gain or loss. Let's take a closer look at Form 3805Q and how it works.

QuestionAnswer
Form NameForm 3805Q
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other names3805q 2018, form 3805q, 2017 form 3805q california fillable, form 3805q instructions 2018

Form Preview Example

TAXABLE YEAR

Net Operating Loss (NOL) Computation and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CALIFORNIA FORM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

NOL and Disaster Loss Limitations — Corporations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3805Q

Attach to Form 100, Form 100W, Form 100S, or Form 109.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporation name

 

 

 

California corporation number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

During the taxable year the corporation incurred the NOL, the corporation was a(n): C corporation

 

FEIN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S corporation

Exempt organization Limited Liability Company (electing to be taxed as a corporation)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If the corporation previously filed California tax returns under another corporate name, enter the corporation name and California corporation number:

______________________________________________________________________________________________________________________________

If the corporation is included in a combined report of a unitary group, see instructions, General Information C, Combined Reporting.

PART I Current year NOL. If the corporation does not have a current year NOL, go to Part II.

1Net loss from Form 100, line 19; Form 100W, line 19; Form 100S, line 16; or Form 109, line 2.

 

Enter as a positive number

. . . . . . . . . . . . . . . . . . .

. . . . . 1

2

2012 disaster loss included in line 1. Enter as a positive number

. . . . . . . . . . . . . . . . . . .

. . . . . 2

3

Subtract line 2 from line 1. If zero or less, enter -0- and see instructions

. . . . . . . . . . . . . . . . . . .

. . . . . 3

4

a Enter the amount of the loss incurred by a new business included in line 3

4a

00

 

b Enter the amount of the loss incurred by an eligible small business included in line 3

4b

00

 

c Add line 4a and line 4b

. . . . . . . . . . . . . . . . . . .

. . . . . 4c

5

General NOL. Subtract line 4c from line 3

. . . . . . . . . . . . . . . . . . .

. . . . . 5

6

2012 NOL carryover. Add line 2, line 4c, and line 5. See instructions

. . . . . . . . . . . . . . . . . . .

. . . . . 6

PART II

NOL carryover and disaster loss carryover limitations. See Instructions.

 

 

 

 

 

 

(g)

 

 

 

 

Available balance

1

Net income (loss) – Enter the amount from Form 100, line 19; Form 100W, line 19; Form 100S, line 16 less

 

 

line 17 (but not less than -0-); or Form 109, line 2

. . . . . . . . . . . . . . .

 

00

00

00

00

00

00

Prior Year NOLs

 

(a)

(b)

(c)

(d)

(e)

 

(f)

 

(h)

Year of

Code – See instructions

Type of NOL –

Initial loss

Carryover

 

Amount used

 

Carryover to 2013

 

loss

 

See below*

 

from 2011

 

in 2012

 

col. (e) - col. (f)

2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current Year NOLs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

col. (d) - col. (f)

3

2012

 

DIS

 

 

 

 

 

 

 

4

2012

 

 

 

 

 

 

 

 

 

 

2012

 

 

 

 

 

 

 

 

 

 

2012

 

 

 

 

 

 

 

 

 

 

2012

 

 

 

 

 

 

 

 

 

*Type of NOL: General (GEN), New Business (NB), Eligible Small Business (ESB), or Disaster (DIS).

 

 

 

 

 

 

 

 

 

 

 

 

 

PART III 2012 NOL deduction

 

 

 

 

 

 

 

 

1

Total the amounts in Part II, line 2, column (f) . . .

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. . . . . . . . . . . . . . . . .

.

. . .

. . . . . . . . . . . . .

1

00

2Enter the total amount from line 1 that represents disaster loss carryover deduction here and on Form 100, line 22;

Form 100W, line 22; or Form 100S, line 20. Form 109 filers enter -0-

2

00

3Subtract line 2 from line 1. Enter the result here and on Form 100, line 20; Form 100W, line 20; Form 100S, line 18;

or Form 109, line 7

3

00

7521123

FTB 3805Q 2012

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california 3805q instructions 2018 conclusion process described (portion 1)

2. Once your current task is complete, take the next step – fill out all of these fields - Current Year NOLs, DIS, Type of NOL General GEN New, Part III NOL deduction, Total the amounts in Part II line, and col d col f with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

DIS, Current Year NOLs, and Type of NOL General GEN New of california 3805q instructions 2018

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3. This next portion focuses on Total the amounts in Part II line, Form W line or Form S line Form, or Form line, and FTB Q - fill in these blanks.

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