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California NOL rules for 1040

Hi @IntuitBettyJo 


These rules have changed it appears LC forgot about them. 

See https://www.ftb.ca.gov/forms/2020/2020-3805v-instructions.html


Screenshot 2022-02-04 094736.jpg

2 Comments 2

Hi @IntuitBettyJo 

Hope you are well.

This instruction is not correct.  

Screenshot 2022-02-04 095239.jpg

The addback of the CA LLC minimum tax of $800 needs to be listed in the Business Income, line 3. If not, the business income for California will not be correct and the NOL calculation on Form 3805V will not be correct.

Thank you Betty Jo.

0 Cheers

We appreciate you letting us know. We're going to share this with the appropriate team and we'll let you know what we find out.