2024 Form 3805Q Net Operating Loss (NOL) Computation and NOL and Disaster Loss Limitations — Corporations. 752124335 224. Corporation name California corporation number. During the taxable year the corporation incurred the NOL, the corporation was a(n): C …

Jan 1, 2015 · Use form FTB 3805Q, Net Operating Loss (NOL) Computation and NOL and Disaster Loss Limitations — Corporations, to figure the current year NOL and to limit NOL carryover and disaster loss carryover deductions.

Mar 20, 2025 · Taxpayers who incur an NOL in California and wish to claim a deduction in the current or future tax years must file Form 3805Q. This applies to individuals and businesses, including sole proprietors, partnerships, and corporations, that …

Mar 12, 2020 · According to 3805Q instructions, the loss code is the sic code for your business, unless it is a disaster loss. if you had a disaster loss, the codes are listed in the link. You can search these by various web search engines.

When you enter the amount of the actual losses that occurred and the amount of the remaining carryovers from last year in the fields in the CANOL and CAAMTCO screens, UltraTax CS calculates Form 3805Q and the California Net Operating Loss Worksheet.

Mar 15, 2020 · In trying to enter the principal business activity code on CA Form 3805Q, I found the code under the federal programs. However, the code under the federal programs is 6 digits long, and there is only space for 4 digits under columns B in line 4.

Mar 12, 2023 · I keep getting an error "You have a prior year NOL listed on Form 3805Q Part II, Line 2. Please review Form 3805Q and remove any prior year net operating losses that have expired". How do I fix this error.

Part II NOL carryover and disaster loss carryover limitations. See instructions.

Form 3805Q, Net Operating Loss (NOL) Computation. Note: This form will not print if California > Income / Deductions > Net Operating Loss Deductions > "Suppress printing of Form 3805Q" is checked.

California frequently changes its tax law regarding NOL calculations. To see Form 3805V instructions for a given tax year: Go to California's Forms and Publications Search page. Select the tax year from the Tax Year dropdown menu. Before …