Ftb Pub. 1005 - Pension And Annuity Guidelines - Franchise Tax Board Page 8
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8Worksheet I — Part A Pre-1987 California Basis
(If you have already computed your California basis as of 12/31/97; skip to Part B.)
1 Enter your total federal deductions claimed prior to 1987. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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2 Enter your total California deductions claimed prior to 1987 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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3 Total California basis. Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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4 Enter your California basis recovered in prior years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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5 California basis as of 12/31/97. Subtract line 4 from line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Worksheet I — Part B Adjustment to Federal AGI and Remaining Pre-1987 California Basis
1 Enter your taxable distribution from your federal Form 1040, line 15b (or line 16b), Form 1040A, line 10b (or line 11b) . . . . .
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2 Enter your California basis as of 12/31/97 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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3 Enter the smaller of line 1 or line 2. Enter this amount on Schedule CA, (540 or 540NR), line 15b or line 16b
or Form 540A, Side 2, Part I, line 5 or line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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4 Remaining California basis as of 12/31/98. Subtract line 3 from line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Worksheet II —
Summary of California Basis
California
Federal
California
Remaining
Taxable
Pre-1987
Deduction
Basis in
Total
Taxable
Basis
California
Year
Contributions
Federal
California
Contribution
Distribution
Amount
Recovered
Basis
Page 8
FTB Pub. 1005 (REV. 1998)
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