Form 3801 - California Passive Activity Loss Limitations - 2015

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CALIFORNIA FORM

TAXABLE YEAR

3801

2015

Passive Activity Loss Limitations

Attach to Form 540, Long Form 540NR, Form 541, or Form 100S (S Corporations).

Name(s) as shown on tax return

SSN, ITIN, FEIN, or CA. corporation no.

2015 Passive Activity Loss

Part I

See the instructions for Worksheet 1 and Worksheet 3 for federal Form 8582 before completing Part I . Be sure to use California amounts .

Rental Real Estate Activities with Active Participation

1a Activities with net income from Worksheet 1, column (a) . . . . . . . . . . . . . . . . . . . . 1a

1b Activities with net loss from Worksheet 1, column (b) . . . . . . . . . . . . . . . . . . . . . . . 1b

(

)

1c Prior year unallowed losses from Worksheet 1, column (c) . . . . . . . . . . . . . . . . . . . 1c

(

)

1d Combine line 1a, line 1b, and line 1c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

All Other Passive Activities

2a Activities with net income from Worksheet 2, column (a) . . . . . . . . . . . . . . . . . . . . 2a

2b Activities with net loss from Worksheet 2, column (b) . . . . . . . . . . . . . . . . . . . . . . . 2b

(

) 00

2c Prior year unallowed losses from Worksheet 2, column (c) . . . . . . . . . . . . . . . . . . . 2c

(

) 00

2d Combine line 2a, line 2b, and line 2c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2d

Combine line 1d and line 2d . If the result is net income or zero, see the instructions for line 3 . If line 3 and

line 1d are losses, go to line 4 . Otherwise, enter -0- on line 9 and go to line 10 . See instructions . . . . . . . . . . . . . . . . . . .

Part II

Special Allowance for Rental Real Estate with Active Participation

Enter all numbers in Part II as positive amounts . See instructions .

Enter the smaller of losses from line 1d or line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Enter $150,000 . If married/RDP filing a separate tax return, see instructions . . . . .

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

See instructions .

If line 6 is equal to or more than line 5, skip line 7 and line 8, enter -0-

on line 9, and then go to line 10 . Otherwise, go to line 7 . . . . . . . . . . . . . . . . . . . . .

Subtract line 6 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Multiply line 7 by 50% ( .50) . Do not enter more than $25,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .



Enter the smaller of line 4 or line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part III Total Losses Allowed

Add the income, if any, from line 1a and line 2a and enter the total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

Total losses allowed from all passive activities for 2015. Add line 9 and line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

See the instructions on Page 2 to find out how to report the losses on your tax return .

FTB 3801 2015 Side 1

7451153

For Privacy Notice, get FTB 1131 ENG/SP.