California Form 3805e - Installment Sale Income - 2013

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TAXABLE YEAR
CALIFORNIA FORM
2013
Installment Sale Income
3805E
Attach to your California tax return. Use a separate form for each sale or other disposition of property on the installment method.
Name(s) as shown on return
SSN, ITIN, FEIN, CA SOS file no., or CA corporation no.
1 Description of property _____________________________________________________________________________________________________
2 a Date acquired (mm/dd/yyyy) _________________________ 2b Date sold (mm/dd/yyyy) _________________________________
 
3 Was the property sold to a related party after December 31, 1980? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
4 If the answer to the question on line 3 is “Yes,” was the property a marketable security? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
If you checked “Yes,” complete Part III . If you checked “No,” complete Part III for the year of sale and for 2 years after the year of sale .
Part I Gross Profit and Contract Price. Complete this part for the year of sale only .
5 Selling price including mortgages and other debts (do not include stated or unstated interest) . . . . . . . . . . . . . . . . . . . .
5
00
6 Mortgages and other debts the buyer assumed or took the property subject
to, but not new mortgages the buyer got from a bank or other source . . . . . . . . .
6
00
7 Subtract line 6 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
00
8 Cost or other basis of property sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
00
9 Depreciation allowed or allowable . Use California amounts . . . . . . . . . . . . . . . . . .
9
00
10 Adjusted basis . Subtract line 9 from line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
00
11 Commissions and other expenses of sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
00
12 Income recapture from Schedule D-1, Part III . See instructions . . . . . . . . . . . . . . 12
00
13 Add line 10, line 11, and line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
00
14 Subtract line 13 from line 5 . If zero or less, stop here. Do not complete the rest of this form . . . . . . . . . . . . . . . . . . . . . 14
00
15 If the above property was your main home, using California amounts, enter your excluded gain . . . . . . . . . . . . . . . . . . . . 15
00
16 Gross profit. Subtract line 15 from line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
00
17 Subtract line 13 from line 6 . If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
00
18 Contract price. Add line 7 and line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
00
Part II Installment Sale Income. Complete this part for the year of sale and any year you receive a payment or have certain debts you must treat as
payments on installment obligations .
19 Gross profit percentage . Divide line 16 by line 18 . For years after the sale, see instructions . . . . . . . . . . . . . . . . . . . . .
19 ___ ___ . ___ ___ ___ ___
20 For year of sale only – Enter amount from line 17 above . Otherwise, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
00
21 Payments received during the year . (do not include stated or unstated interest) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21
00
22 Add line 20 and line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
00
23 Payments received in prior years . (do not include stated or unstated interest) . .
23
00
24 Installment sale income. Multiply line 22 by line 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24
00
25 Enter the part of line 24 that is ordinary income under recapture rules . See instructions . . . . . . . . . . . . . . . . . . . . . . . . . 25
00
26 Subtract line 25 from line 24 . Enter the result here and on Schedule D (540, 540NR, or 541), Schedule D (100S), or Schedule D-1 . . . .
26
00
Part III Related Party Installment Sale Income. Do not complete this part if you received the final installment payment this taxable year .
27 Name, address, and taxpayer identification number of related party __________________________________________________________________
_______________________________________________________________________________________________________________________
28 Did the related party, during this taxable year, resell or dispose of the property (“second disposition”)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
29 If you checked “Yes,” on line 28, complete lines 30 through 37 below unless one of the following conditions is met. Check only the box that applies.
a
The second disposition was more than two years after the first disposition (other than dispositions of
marketable securities) . If this box is checked, enter the date of the disposition (mm/dd/yyyy) . . . . . . . . . . . . . . . . . . . . . . . . .  _________________
/
/
b
The first disposition was a sale or exchange of stock to the issuing corporation .
c
The second disposition was an involuntary conversion where the threat of conversion occurred after the first disposition .
d
The second disposition occurred after the death of the original seller or buyer .
e
It can be established to the satisfaction of the Franchise Tax Board that tax avoidance was not a principal purpose for either of the
dispositions . If you check this box, attach an explanation .
30 Selling price of property sold by related party . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
00
31 Enter contract price from line 18 for year of first sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
00
32 Enter the smaller of line 30 or line 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
00
33 Total payments received by the end of your 2013 taxable year . Add line 22 and line 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
00
34 Subtract line 33 from line 32 . If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
00
35 Multiply line 34 by the gross profit percentage on line 19 for year of first sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
00
36 Enter the part of line 35 that is ordinary income under recapture rules . See instructions . . . . . . . . . . . . . . . . . . . . . . . . . 36
00
37 Subtract line 36 from line 35 . Enter the result here and on Schedule D (540, 540NR, or 541), Schedule D (100S), or Schedule D-1 . . . . . 37
00
FTB 3805E 2013
7501133
For Privacy Notice, get FTB 1131 ENG/SP.

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