Looking for a California Tax Forms And Templates? Download it for free!

Complete columns C and D, line 1 through

Long Form 540NR filers: Enter the disaster

Declared Disasters

line 25 using the dates of transactions. If the

loss carryover deduction amount from your

Year Code Event

dates are unknown because they were not

2016 Schedule CA (540NR), line 21, column E.

2016

75 Blue Cut Fire (San Bernardino County) 08/16*

specifically reported to you, then you will need

2016

74 Clayton Fire (Lake County) 08/16*

Line 4 – Form 540 filers: Enter as a positive

to prorate the amounts. For column C, multiply

2016

73 Chimney Fire (San Luis Obispo County) 08/16*

number the NOL carryover deduction from

2016

72 Soberanes Fire (Monterey County) 07/16*

the amount in column A by the number of days

your 2016 Schedule CA (540), line 21d,

2016

71 Sand Fire (Los Angeles County) 07/16*

you were a resident divided by 365 days. For

column B or Form 541, line 15a.

2016

70 Erskine Fire (Kern County) 06/16*

column D, multiply the amount in column B

Long Form 540NR filers: Enter the NOL

2015

69 City of Carlsbad Rainstorms (San Diego

by the number of days you were a nonresident

County) 12/15*

carryover deduction amount from your 2016

divided by 365 days.

2015

68 Inyo, Kern, and Los Angeles Counties

Schedule CA (540NR), line 21, column E.

Rainstorms 10/15*

Column E, line 25, Enter the current year

Line 5 – Enter as a positive number the

2015

67 Valley Fire (Lake and Napa Counties) 09/15

NOL on line 25. California will allow NOLs to

adjustments to itemized deductions, minus the

2015

66 Butte Fire (Amador and Calaveras

be carried back to each of the preceding two

adjustment to mortgage insurance premiums,

Counties) 09/15

taxable years.

2015

65 Imperial, Kern, Los Angeles, Riverside, San

used to figure your federal NOL carryover. For

Line 28 – Go to Part III, Current Year NOLs,

Bernardino, and San Diego Counties Severe

more information, see federal Publication 536,

Storms 07/15

line 4, to record your 2016 NOL carryover

Table 1, Worksheet for NOL Carryover.

2015

64 Lake and Trinity Counties Wildfires 07/15

to 2017. Complete line 4, column (d) and

2015

63 Butte, El Dorado, Humboldt, Lake, Madera,

Part III – Limitations

column (h), for each type of loss that you

Napa, Nevada, Sacramento, San Bernardino,

incurred. See Part IV, line 3, column (c) and

San Diego, Shasta, Solano, Tulare, Tuolumne,

Keep a copy of form FTB 3805V with your

and Yolo Counties Wildfires 06/15*

column (i) for each type of loss that the

records until you use all losses or they expire.

2015

62 Santa Barbara County Oil Spill 05/15

Individuals, estates, and trusts incurred.

Use this section to:

2015

Humboldt, Mendocino, and Siskiyou Counties

Severe Rainstorms 02/15

Part II – Modified Taxable

y Figure the NOL and disaster loss deduction

2015

60 Mono County Wildfire 02/15

actually taken in 2016 and the total disaster

Income (MTI)

2014

59 Severe Winter Storms (Alameda, Contra Costa,

losses and NOL to be carried over to future

Del Norte, Humboldt, Lake, Los Angeles, Marin,

Use this part if:

years.

Mendocino, Monterey, Orange, San Francisco,

San Mateo, Santa Clara, Shasta, Sonoma,

y You are carrying over an NOL from years

y Keep track of the expiration and limitations

Tehama, Ventura, and Yolo Counties) 11/14

prior to 2016.

of any unused carryovers.

2014

58 King and Boles Wildfires (El Dorado and

y You are carrying over a disaster loss from

Nonresidents or Part-Year Residents: If

Siskiyou Counties) 09/14

years prior to 2016.

you were a nonresident or part-year resident

2014

57 Napa, Solano, and Sonoma Counties

y You have an unused 2016 disaster loss to

Earthquake 08/14 to 09/14

during the year, get FTB Pub. 1100, for more

carry over.

2014

56 Siskiyou County Wildfires 08/14

information.

2014

55 Northern California Wildfires (Amador, Butte,

The purpose of this part is to figure your MTI.

When to use an NOL carryover – Use your

El Dorado, Humboldt, Lassen, Madera,

You must make certain modifications to your

Mariposa, Mendocino, Modoc, Shasta, and

NOLs and disaster losses in the order the

Siskiyou Counties) 07/14

taxable income to determine how much you

losses were incurred. There is no requirement

***

2014

54 San Diego County Wildfires 05/14

can carry over to next year. Your carryover to

to deduct NOL carryovers, before disaster loss

2014

53 Los Angeles County Severe Rainstorms 02/14

next year is the excess of your NOL deduction

carryovers.

2013

52 Tuolumne, Mariposa, and San Francisco

over your MTI.

Counties Rim Fire 08/13 to 10/13

Line 1 – Enter the MTI from Part II, line 6. This

Use this part to determine what your 2016

2011

51 Los Angeles and San Bernardino

is the maximum NOL carryover deduction you

***

County Severe Winds 11/11

income (loss) was before taking any NOL

are allowed for 2016. NOL carryover amounts

2011

50 Santa Cruz County Severe

carryover disaster loss, or disaster loss

in excess of MTI may be eligible for carryover

***

Storms 03/11

carryover deductions. This adjusted amount is

to 2017. See General Information B, NOLs.

2011

49 Mendocino County Tsunami Wave Surge 03/11

called your MTI.

2011

48 Del Norte and Santa Cruz County

Line 2

Tsunami Wave Surge 03/11

Line 1 – Form 540 filers: Subtract 2016

Column (a) – Enter the years, earliest first, the

2011

47 Severe Winter Storms, Flooding, Debris and

Form 540, line 18 from Form 540, line 17. If

loss was incurred.

2010

Mud Flows 12/10, 01/11

negative, use brackets.

2010

46 San Bruno Explosion

Column (b) – If the loss is from a new

Form 541 filers: Subtract 2016 Form 541,

2010

45 Kern County Wildfires

business or eligible small business, enter

line 18 from Form 541, line 17. If negative, use

2010

44 CA Winter Storms, 01/10, 02/10

the SIC Code for the new business or eligible

brackets.

2009

43 Los Angeles, Monterey, Placer County Wildfires

small business from the Standard Industrial

2010

42 Baja California (Imperial County) Earthquake

Long Form 540NR filers: Subtract 2016

Classification Manual.

2010

41 Humboldt County Earthquake

Schedule CA (540NR), line 48 from

If this is a farming enterprise, enter the

2009

40 Santa Barbara Wildfires

Schedule CA (540NR), line 45. If negative, use

agricultural activity code from federal

2008

39 Southern California Wildfires 10/08, 11/08

brackets.

Schedule F.

2008

38 Humboldt County Wildfire

Line 2 – Form 540 filers: Enter as a positive

2008

37 California Wildfires 2008

If the loss is from a pass-through entity, such

number the net capital loss deduction from

2007

36 Riverside County Winds

as a partnership, S corporation, or limited

your 2016 Schedule D (540), line 9 or

2008

35 Inyo Complex fire

liability company (LLC), enter the partnership’s

2007

Schedule D (541), line 10.

FEIN, the California corporation number, or the

2007

34 Southern California Wildfires

Long Form 540NR filers: Enter your net capital

LLC’s California Secretary of State file number

2007

33 Santa Barbara and Ventura County Fires

loss from your 2016 Schedule CA (540NR),

from Schedules K-1 (100S, 565, or 568).

2007

32 El Dorado County Wildfires

line 13, column E, determined in accordance

2007

31 California Severe Freeze: 01/07

If the loss is due to a disaster, enter the disaster

with Schedule D (540NR).

2006

30 Riverside and Ventura County Wildfires

code from the list of declared disasters.

Line 3 – Form 540 filers: Enter as a positive

2006

29 San Bernardino County Wildfires

2006

28 Northern California flooding, mudslides, and

number the disaster loss carryover deduction

landslides 03/06 to 04/06

from your 2016 Schedule CA (540), line 21b,

column B or Form 541, line 15a.

FTB 3805V Instructions 2016 Page 3

Instructions For Form Ftb 3805v - Net Operating Loss (Nol) Computation And Nol And Disaster Loss Limitations - Individuals, Estates, And Trusts - 2016 Page 3

Related Articles

Related forms

Related Categories