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

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

If the current year NOL is comprised of more

as a partnership, S corporation, or limited

than one type of loss, list each loss separately.

liability company (LLC), enter the partnership’s

To compute the amount of taxable income

FEIN, the California corporation number, or the

available for offset by the NOL carryback,

LLC’s California Secretary of State file number

reduce the amount on line 1, 2014 taxable

reduce the amount on line 2, 2015 taxable

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

income, by the amount of column (e)

income, by the amount of column (g)

carryback used for the first type of loss and all

carryback used for the first type of loss and

If the loss is due to a disaster, enter the

subsequent types of losses. The total amount

all subsequent types of losses. The total

disaster code from the list of Declared

of NOL carryback used in column (e) should

amount of NOL carryback used in column (g)

Disasters on pages 3 and 4.

not exceed the 2014 taxable income from

should not exceed the 2015 taxable income

Column (d) – If you are a resident, enter

line 1.

from line 2.

the Current year NOL amount from Part I,

Column (f) – Subtract column (e) from

Column (h) – Subtract column (g) from

Section A, line 25. If you are a nonresident

column (d).

column (f).

or part-year resident, enter the amount from

Part I, Section B, line 25(e).

Column (g) – Enter the amount from line 3,

Column (i) – Subtract the sum of column (e)

column (f) or line 2, whichever is less. This

and column (g) from column (d).

Column (e) – Enter the amount from line 3,

is the amount of 2016 NOL carryback used

column (d) or line 1, whichever is less. This

for 2015. Also, enter this amount on the

is the amount of the 2016 NOL carryback

2015 Form 540X, line 2e and on the 2015

used for 2014. Also, enter this amount on

amended schedules/return: Schedule CA (540),

the 2014 Form 540X, line 2e and on the 2014

line 21(d); Schedule CA (540NR), line 21(d);

amended schedules/return: Schedule CA (540),

or Form 541, line 15a. If the NOL carryback

line 21(d); Schedule CA (540NR), line 21(d);

is attributable to a disaster loss, enter this

or Form 541, line 15a. If the NOL carryback

amount on Schedule CA (540), line 21(b) or

is attributable to a disaster loss, enter this

Schedule CA (540NR), line 21(b).

amount on Schedule CA (540), line 21(b) or

Schedule CA (540NR), line 21(b).

NOL Carryback

Type of NOL and Description

Taxable Year NOL Incurred

NOL Carried Back shall not exceed Carryback Period

General (GEN), New Business (NB), and Eligible Small Business (ESB)

On or after 01/01/2013 and

50%

2 Years

NOLs incurred in taxable years beginning on or after January 1, 2013, shall

before 01/01/2014

be carried back to each of the preceding two taxable years. The allowable

NOL carryback percentage varies.

For more information, see R&TC Section 17276.20 and get FTB Legal Ruling

On or after 01/01/2014 and

2011-04 (see Situation 3).

75%

2 Years

before 01/01/2015

NOL attributable to a qualified disaster loss (DIS)

For taxable years beginning on or after January 1, 2013, if the disaster loss

deduction creates an NOL (whether in the year of the loss or the prior year),

On or after 01/01/2015

100%

2 Years

the applicable NOL carryback rules for the taxable year the NOL was created

would apply.

FTB 3805V Instructions 2016 Page 5

Instructions For Form Ftb 3805v - Net Operating Loss (Nol) Computation And Nol And Disaster Loss Limitations - Individuals, Estates, And Trusts - 2016 Page 5

Related Articles

Related forms

Related Categories