Part II Determine 2012 Modified Taxable Income (MTI). Be sure to read the instructions for Part II.
1
Taxable income. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
00
Enter amounts on line 2 through line 5 as if they were all positive numbers.
2
Capital loss deduction included in line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
00
3
Disaster loss carryover included in line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
00
4
NOL carryover included in line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
00
5
Adjustments to itemized deductions. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
00
6
MTI. Combine line 1 through line 5. If line 6 is zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
00
Part III NOL Carryover and Disaster Loss Carryover Limitations. See Instructions.
(g)
Available balance
1
MTI from Part II, line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
Prior Year NOLs
(a)
(b)
(c)
(d)
(e)
(f)
(h)
Year of
Code
Type of NOL*
Initial Loss
Carryover
Amount used
Carryover to 2013
loss
See below
from 2011
in 2012
subtract column (f)
from column (e)
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2
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Current Year NOLs
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3 2012
DIS
▐
▐
▐
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4 2012
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2012
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2012
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▐
2012
*Type of NOL: General (GEN), New Business (NB), Eligible Small Business (ESB), or Disaster (DIS).
▐
5
NOL carryover. Add the carryover amounts in column (h) that are not the result of a disaster loss. . . . . . . . . . . . . . . . . . . . . . . . . .
5
00
▐
6
Disaster loss carryover. Enter the total loss carryover amounts in column (h) that are the result of disaster losses . . . . . . . . . . . . .
6
00
7533123
Side 3
FTB 3805V 2012 (REV 04-15)