California Form 3800 - Tax Computation For Certain Children With Investment Income - 2012 Page 3

Download a blank fillable California Form 3800 - Tax Computation For Certain Children With Investment Income - 2012 in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete California Form 3800 - Tax Computation For Certain Children With Investment Income - 2012 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

Long or Short Form 540NR Filers: To figure a revised California
Long Form 540NR Filers: To figure a revised California adjusted
adjusted gross income and a tentative tax based on the parent’s tax rate,
gross income for the child and the child’s tax, complete the following
complete the following worksheet.
worksheet.
A Enter the child’s CA adjusted gross income
A Enter the child’s portion of the net investment
from Long Form 540NR, line 32 . . . . . . . . . . . . . . . . ____________
income that must be included in the child’s
CA adjusted gross income . . . . . . . . . . . . . . . . . . . . . ____________
B Enter the portion of the child’s net investment
income that must be included in the child’s
B Enter parent’s CA adjusted gross income from
CA adjusted gross income . . . . . . . . . . . . . . . . . . . . . ____________
Long or Short Form 540NR, Line 32 . . . . . . . . . . . . . ____________
C Subtract line B from line A. . . . . . . . . . . . . . . . . . . . . ____________
C Add line A and line B . . . . . . . . . . . . . . . . . . . . . . . . . ____________
D Enter the child’s adjusted gross income from all
D Enter the child’s investment income
sources from Long Form 540NR, line 17 . . . . . . . . . ____________
(form FTB 3800, line 5) . . . . . . . . . . . . . . . . . . . . . . . ____________
E Enter the child’s investment income
E Enter parent’s adjusted gross income from all
(form FTB 3800, line 5) . . . . . . . . . . . . . . . . . . . . . . . ____________
sources from Long or Short Form 540NR, line 17. . . ____________
F Subtract line E from line D. . . . . . . . . . . . . . . . . . . . . ____________
If the parents have other children for whom form
FTB 3800 was completed, add the other children’s
G Divide line C by line F (not to exceed 1.0) . . . . . . . . . ____________
net investment income to the parent’s CA adjusted
H Enter the child’s total itemized deductions or
gross income on line B and to the parent’s adjusted
standard deduction from Long or Short
gross income from all sources on line E.
Form 540NR, line 18 . . . . . . . . . . . . . . . . . . . . . . . . . ____________
F Add line D and line E . . . . . . . . . . . . . . . . . . . . . . . . . ____________
I
Multiply line H by line G. . . . . . . . . . . . . . . . . . . . . . . ____________
G Divide line C by line F (not to exceed 1.0) . . . . . . . . . ____________
J Subtract line I from line C . . . . . . . . . . . . . . . . . . . . . ____________
H Enter the parent’s total itemized deductions or
K Subtract line H from line F . . . . . . . . . . . . . . . . . . . . . ____________
standard deduction from Long or Short
L Find the tax on the amount on line K for the
Form 540NR, line 18 . . . . . . . . . . . . . . . . . . . . . . . . . ____________
child’s filing status (Use the tax table or tax rate
I
Multiply line H by line G. . . . . . . . . . . . . . . . . . . . . . . ____________
schedules in the 2012 instructions for
J Subtract line I from line C . . . . . . . . . . . . . . . . . . . . . ____________
Long Form 540NR) . . . . . . . . . . . . . . . . . . . . . . . . . . ____________
K Subtract line H from line F . . . . . . . . . . . . . . . . . . . . . ____________
M Divide line L by line K . . . . . . . . . . . . . . . . . . . . . . . . ____________
L Find the tax on the amount on line K for the
N Multiply line J by line M. Enter the result on
parent’s filing status (Use the tax table or tax rate
form FTB 3800, line 15 . . . . . . . . . . . . . . . . . . . . . . . ____________
schedules in the 2012 instructions for
Line 17 – Use the California tax table or tax rate schedules found in the
Long or Short Form 540NR) . . . . . . . . . . . . . . . . . . . ____________
2012 instructions for Form 540 to find the tax for the amount on line 4,
M Divide line L by line K . . . . . . . . . . . . . . . . . . . . . . . . ____________
based on the child’s filing status.
N Multiply line J by line M. Enter the result on form
Long Form 540NR Filers:
FTB 3800, line 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . ____________
A Enter the amount from form FTB 3800, line 4 . . . . . . ____________
Line 10 – Enter the tax shown on the tax return of the parent identified
B Find the tax for the amount on line A, by using the
at the top of form FTB 3800 from Forms 540/540A, line 31.
tax table or tax rate schedules in the 2012
instructions for Long Form 540NR based on
If the parent filed a joint tax return, enter on line 10 the tax shown on
the child’s filing status . . . . . . . . . . . . . . . . . . . . . . . . ____________
that tax return even if the parent’s spouse/RDP is not the child’s parent.
C Divide line B by line A . . . . . . . . . . . . . . . . . . . . . . . . ____________
Long Form 540NR Filers: If the parent’s tax amount on Long
Form 540NR, line 37 does not include an amount from form FTB 3803,
D Enter the amount from the child’s
then enter the parent’s tax amount from Long Form 540NR, line 37.
Long Form 540NR, line 35. . . . . . . . . . . . . . . . . . . . . ____________
If the parent’s tax amount on Long Form 540NR, line 37 includes an
E Multiply line D by line C. Enter the result on
amount from form FTB 3803, revise the parent’s tax by completing the
form FTB 3800, line 17 . . . . . . . . . . . . . . . . . . . . . . . ____________
following worksheet.
Line 18 – Compare the amounts on line 16 and line 17 and enter the
A Enter the tax from the parent’s
larger of the two amounts on line 18. Be sure to check the box labeled
Long Form 540NR, line 31. . . . . . . . . . . . . . . . . . . . . ____________
“FTB 3800” on Form 540, line 31 of the child’s tax return.
B Enter the tax from form FTB 3803 . . . . . . . . . . . . . . . ____________
Long Form 540NR Filers: Divide the child’s Long Form 540NR, line 35
C Subtract line B from line A. . . . . . . . . . . . . . . . . . . . . ____________
by the child’s Long Form 540NR, line 19 to determine the child’s
percentage. Divide the larger of line 16 or line 17, by the percentage.
D Enter the amount from the parent’s
Enter the amount on line 18 and on the child’s Long Form 540NR,
Long Form 540NR, line 19. . . . . . . . . . . . . . . . . . . . . ____________
line 31. Be sure to check the box labeled “FTB 3800” on the child’s
E Divide line C by line D . . . . . . . . . . . . . . . . . . . . . . . . ____________
Long Form 540NR.
F Enter the amount from the parent’s
Note: The amount entered on 540NR, line 31 reflects your tax on total
Long Form 540NR, line 35. . . . . . . . . . . . . . . . . . . . . ____________
taxable income before applying the California tax rate to your California
G Multiply line F by line E. Enter the result
source income. Follow the instructions for Long Form 540NR to
on form FTB 3800, line 10 . . . . . . . . . . . . . . . . . . . . . ____________
determine your final California tax.
Part III Child’s Tax
Line 15 – Use the California tax table or tax rate schedules in the 2012
instructions for Form 540 to find the tax for the amount on line 14 based
on the child’s filing status.
Page 2 FTB 3800 2012

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go
Page of 3