Form 3805z - Enterprise Zone Deduction And Credit Summary - 1998 Page 8
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10Worksheet VI
Net Operating Loss (NOL) — Enterprise Zones
Section A Computation of Current Year NOL — Individuals and Exempt Trusts
1
Net trade or business loss from all sources. Individuals: Enter the total from the Income or Loss Worksheet, line 14,
column (c) (page 14) as a positive number. For purposes of this worksheet section, do not include any 1998 losses
or disaster loss carryovers in line 1. See definition of business income on page 11. Exempt Trusts:
Enter the amount from Form 109, line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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2
Total business capital losses included in line 1. Enter as a positive number . . . . . . . . . . . . . . . . . . . . . . . . . .
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3
Total business capital gains included in line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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4
If line 2 is greater than line 3, enter the difference as a positive number; otherwise enter -0- . . . . . . . . . . . . . . . .
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5
Subtract line 4 from line 1. If the result is zero or less, do not complete the rest of this section. You do not have a
current year NOL from an enterprise zone. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Enter the amount from form FTB 3805V, Part I, Section A, line 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Enter the smaller of line 5 or line 6 here and in Section C, line 20, column (e) . . . . . . . . . . . . . . . . . . . . . . . .
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This is the enterprise zone NOL carryover from 1998 to 1999.
Section B Computation of Current Year NOL — Corporations
Note: If you have an enterprise zone NOL and a prior year general NOL, see instructions on page 13.
During the year the corporation incurred the NOL, the corporation was a:
C corporation
S corporation
Exempt corporation
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Net loss for state purposes from Form 100, line 17; Form 100S, combined amounts of line 15 and line 17; or
Form 109, line 1. Apportioning corporations, enter the amount from Schedule R, line 13b for corporations doing
business in the zone. Enter as a positive number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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2
a 1998 disaster relief loss included in line 1. Enter as a positive number . . . . . . . . . . . . . . . . . . . . . . . . . . .
2a
b Nonbusiness income included in line 1. Enter as a negative number. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2b
c Nonbusiness losses included in line 1. Enter as a positive number . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2c
d Combine line 2a through line 2c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2d
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Subtract line 2d from line 1. If zero or less, do not complete the rest of this section; the corporation does not have
a current year NOL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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4
Enter the average apportionment percentage from Worksheet V, Section B, line 4 . . . . . . . . . . . . . . . . . . . . . . .
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5
Multiply line 3 by line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Enter the amount from form FTB 3805Q, Part I, line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Enter the smaller of line 5 or line 6 here and in Section C, line 20, column (e) . . . . . . . . . . . . . . . . . . . . . . . .
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This is the enterprise zone NOL carryover from 1998 to 1999.
Page 16 FTB 3805Z Booklet 1998
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