Form 3801-Cr - California Passive Activity Credit Limitations

Part III Special Allowance for Low-Income Housing Credits for Property Placed in Service Before 1990 (or from Pass-Through Interests Acquired

Before 1990) Complete Part III if you have an amount on line 2c; otherwise, go to Part IV .

17 Enter the amount from line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

18 Enter the amount from line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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 . . . . . . . . . .

20 Enter the smaller of line 2c or line 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

21 Enter $350,000 ($175,000 if married/RDP filing a separate return

and you lived apart for the entire year) . See instructions . . . . . . . . . . .

22 Enter federal modified adjusted gross income, but not less than zero .

See instructions for line 22 . If line 22 is equal to or more than line 21,

skip line 23 through line 29, and enter -0- on line 30 . . . . . . . . . . . . . .

23 Subtract line 22 from line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

24 Multiply line 23 by 50% ( .50) . Do not enter more than $75,000

($37,500 if married/RDP filing a separate return and you lived

apart for the entire year) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

25 Enter the amount, if any, from line 9 of form FTB 3801 . . . . . . . . . . . .

26 Subtract line 25 from line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

27 Enter the tax attributable to the amount on line 26 . See instructions . .

28 Enter the amount, if any, from line 18 . . . . . . . . . . . . . . . . . . . . . . . . .

29 Subtract line 28 from line 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

30 Enter the smaller of line 20 or line 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part IV Special Allowance for Low-Income Housing Credits for Property Placed in Service After 1989

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 . . . . . . . . . . . . . .

32 Enter the amount from line 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

33 Subtract line 32 from line 31 . If zero or less, skip line 34 and line 35, and enter -0- here and on line 36 . . . . . . . .

34 Enter the smaller of line 3c or line 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

35 Tax attributable to the remaining special allowance . See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

36 Enter the smaller of line 34 or line 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Passive Activity Credits Allowed

Part V

37 Passive Activity Credits Allowed. Add line 6, line 16, line 30, and line 36 . See instructions if you

have any credits from a publicly traded partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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 2014

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