California Form 3801-Cr - Passive Activity Credit Limitations - 1998
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1
2YEAR
CALIFORNIA FORM
1998
Passive Activity Credit Limitations
3801-CR
Attach to Form 540, 540NR, 541 or 100S.
Social security no., Calif. corporation no., or FEIN
Name(s) as shown on return
Part I
1998 Passive Activity Credits
Caution: Complete Worksheets 1, 2, 3 and 4 in the instructions for federal Form 8582-CR, Passive Activity Credit Limitations. If you have credits
from a publicly traded partnership, see the instructions for Part V, ‘‘Credits from Publicly Traded Partnerships (PTPs).’’
Credits From Rental Real Estate Activities with Active Participation
1 a Credits from federal Worksheet 1, column (a) . . . . . . . . . . . . . . . . . . . . . . . .
1a
b Prior year unallowed credits from federal Worksheet 1, column (b) . . . . . . . . . . . .
1b
c Add line 1a and line 1b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
Low-Income Housing Credits for Property Placed in Service Before 1990 (or from Pass-Through Interests Acquired Before 1990)
See the instructions for line 2a through line 2c.
2 a Credits from federal Worksheet 2, column (a) . . . . . . . . . . . . . . . . . . . . . . . .
2a
b Prior year unallowed credits from federal Worksheet 2, column (b) . . . . . . . . . . . .
2b
c Add line 2a and line 2b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2c
Low-Income Housing Credits for Property Placed in Service After 1989
See the instructions for line 3a through line 3c.
3 a Credits from federal Worksheet 3, column (a) . . . . . . . . . . . . . . . . . . . . . . . .
3a
b Prior year unallowed credits from federal Worksheet 3, column (b) . . . . . . . . . . . .
3b
c Add line 3a and line 3b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3c
All Other Passive Activity Credits
See the instructions for line 4a through line 4c.
4 a Credits from federal Worksheet 4, column (a) . . . . . . . . . . . . . . . . . . . . . . . .
4a
b Prior year unallowed credits from federal Worksheet 4, column (b) . . . . . . . . . . . .
4b
c Add line 4a and line 4b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4c
5
Add line 1c, line 2c, line 3c and line 4c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6
Enter the tax attributable to net passive income. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
7
Subtract line 6 from line 5. If line 6 is more than or equal to line 5, enter -0- and see the instructions . . . . . . . . . .
7
Part II Special Allowance for Rental Real Estate Activities with Active Participation
Note: Complete Part II if you have an amount on line 1c; otherwise, go to Part III.
8
Enter the smaller of line 1c or line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
9
Enter $150,000 ($75,000 if married filing a separate return and you lived apart
for the entire year). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
10
Enter federal modified adjusted gross income, but not less than zero. See instructions.
If line 10 is equal to or greater than line 9, skip line 11 through line 15 and enter
-0- on line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
11
Subtract line 10 from line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
12
Multiply line 11 by 50% (.50). Do not enter more than $25,000 ($12,500
if married filing a separate return and you lived apart for the entire year). . . . . . . . .
12
13
Enter the amount, if any, from line 9 of form FTB 3801 . . . . . . . . . . . . . . . . . .
13
14
Subtract line 13 from line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14
15
Enter the tax attributable to the amount on line 14. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
16
Enter the smaller of line 8 or line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
3801C98109
FTB 3801-CR 1998 Side 1
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