California Form 3801-Cr - Passive Activity Credit Limitations - 1999 Page 2
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2Part III Special Allowance for Low-Income Housing Credits for Property Placed in Service Before 1990 (or from Pass-Through Interests Acquired
Before 1990) Note: Complete Part III if you have an amount on line 2c; otherwise, go to Part IV.
17 Enter the amount from line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17
18 Enter the amount from line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
19 Subtract line 18 from line 17. If zero, enter -0- here and on line 30 and line 36 and then go to Part V . . . . . . . . . . . . . .
19
20 Enter the smaller of line 2c or line 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
21 Enter $350,000 ($175,000 if married filing a separate return and you lived apart
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
for the entire year). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
22 Enter federal modified adjusted gross income, but not less than zero.
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
See instructions for line 22. If line 22 is equal to or greater than line 21,
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
skip line 23 through line 29, enter -0- on line 30 . . . . . . . . . . . . . . . . . . . . . . . . .
22
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
23 Subtract line 22 from line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
24 Multiply line 23 by 50% (.50). Do not enter more than $75,000 ($37,500
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
if married filing a separate return and you lived apart for the entire year) . . . . . .
24
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
25 Enter the amount, if any, from line 9 of form FTB 3801 . . . . . . . . . . . . . . . . . . . .
25
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
26 Subtract line 25 from line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
27 Enter the tax attributable to the amount on line 26. See instructions . . . . . . . . . .
27
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4
28 Enter the amount, if any, from line 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28
29 Subtract line 28 from line 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
29
30 Enter the smaller of line 20 or line 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
30
Part IV Special Allowance for Low-Income Housing Credits for Property Placed in Service After 1989
Note: Complete Part IV if you have an amount on line 3c; otherwise, go to Part V.
31 Enter the amount from line 19 if you completed Part III. Otherwise, subtract line 16 from line 7 . . . . . . . . . . . . . . . . .
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32 Enter the amount from line 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
32
33 Subtract line 32 from line 31. If zero or less, enter -0- here and on line 36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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34 Enter the smaller of line 3c or line 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
34
35 Tax attributable to the remaining special allowance. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
35
36 Enter the smaller of line 34 or line 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
36
Passive Activity Credits Allowed
Part V
37 Passive Activity Credits Allowed. Add line 6, line 16, line 30, and line 36. See page 3 of the instructions if you
have any credits from a publicly traded partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Note: If you have credits from more than one passive activity, use Worksheet 5 through Worksheet 9, whichever apply,
in the instructions for federal Form 8582-CR to allocate allowed and unallowed credits. Be sure to use California amounts.
Also use the worksheets if you must allocate credits because they are reported on different forms.
Part VI Election to Increase Basis of Credit Property
38 If you disposed of your entire interest in a passive activity or former passive activity in a fully taxable transaction, and you elect to
increase the basis of the credit property used in that activity by the unallowed credit that reduced the property’s basis, check here . . . . . . . . . . . . . . .
39 Name of activity disposed of
_________________________________________________________________________________________________
40 Description of the credit property for which the election is being made
_______________________________________________________________
__________________________________________________________________________________________________________________________
41 Amount of unallowed credit that reduced the property’s basis for California purposes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$________________
Side 2 FTB 3801-CR 1999
3801C99209
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