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California Free Printable 2019 California Form 3521 Low-Income Housing Credit for 2021 California Low-Income Housing Credit

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Low-Income Housing Credit
2019 California Form 3521 Low-Income Housing Credit

CALIFORNIA FORM TAXABLE YEAR 2019 3521 Low-Income Housing Credit Attach to your California tax return. Name(s) as shown on your California tax return  SSN or ITIN  CA Corporation no.  FEIN Building identification number (BIN). If more than one building, attach a list of all BINs for this credit. California Secretary of State (SOS) file number Part I Available Credit 1 Has the eligible basis of any project or building decreased since you received form CTCAC 3521A from the California Tax Credit Allocation Committee?  Yes  No If “Yes,” complete Part III before continuing. See General Information C. 2 Current year credit. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 00 3 Enter any affiliated corporation or pass-through low-income housing credits from other entities below. See instructions. If you are a Current year low-income housing credits from – Corporation FTB 3521, line 10 of the affiliated corporation 00 S corporation shareholder Schedule K-1 (100S), line 13a 00 Beneficiary Schedule K-1 (541), line 13d 00 Partner or LLC member Schedule K-1 (565, 568), line 15b 00 (a) Name of entity passing through the credit – (b) Identification numbers – California corporation, FEIN, etc. (c) BIN (d) Total amount of affiliated corporation or pass-through credit(s) Total pass-through low-income housing credit. Add the amounts in column (d) . . . . . . . . . . . . . . . . . . . . . . 3 00 4 Current year low-income housing credit. Add line 2 and line 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 00 5 Enter the amount of low-income housing credit on line 4 that is from passive activities. If none of the amount on line 4 is from passive activities, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 00 6 Subtract line 5 from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 00 7 Enter the allowable low-income housing credit from passive activities. See instructions . . . . . . . . . . . . . . . . 7 00 8 Low-income housing credit carryover from prior year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 00 9 Add line 6 through line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 00 10 Corporations only: Amount of low-income housing credit allocated to affiliated corporations. See instructions. Corporation name California corporation number Amount of credit allocated Total amount of low-income housing credit allocated. If you are not a corporation, enter -0- . . . . . . . . . . . . 10 00 11 Total available low-income housing credit. Subtract line 10 from line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 00 For Privacy Notice, get FTB 1131 ENG/SP. 7301193 FTB 3521  2019  Side 1 Part II Carryover Computation 12 a Credit claimed. Enter the amount of the credit claimed on the current year tax return. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12a (Do not include any assigned credit claimed on form FTB 3544, Part B.) 00 12 b Total credit assigned. Enter the total amount from form FTB 3544, Part A, column (g). If you are not a corporation, enter -0-. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12b 00 13 Carryover to future years. Add line 12a and line 12b, subtract the result from line 11 . . . . . . . . . . . . . . . . . .13 00 Part III Basis Recomputations. Complete this part only if the basis in a project or building has decreased. Use additional sheets if necessary. (a) (b) (c) Building 1 Building 2 Total 14 Date building was placed in service (month/year) . . . . . . . . . . 14 15 BIN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 Eligible basis of building. See General Information C . . . . . . . . 16 17 Low-income portion (lesser of unit percentage or floor-space percentage). See instructions . . . . . . . . . . . . . . . . 17 18 Qualified basis of low-income building. Multiply line 16 by line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 19 Applicable percentage. See General Information B . . . . . . . . . . 19 20 Multiply line 18 by line 19. See Specific Line Instructions for Part I, line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Side 2 FTB 3521 2019 7302193
Extracted from PDF file 2019-california-form-3521.pdf, last modified November 2019

More about the California Form 3521 Individual Income Tax Tax Credit

We last updated the Low-Income Housing Credit in March 2020, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the California Franchise Tax Board. You can print other California tax forms here.


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Other California Individual Income Tax Forms:

TaxFormFinder has an additional 174 California income tax forms that you may need, plus all federal income tax forms.

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Form 540-540A Instructions California 540 Form Instruction Booklet
Form 540 Schedule CA California Adjustments - Residents
Form 540 California Resident Income Tax Return
Form 540-2EZ California Resident Income Tax Return
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Download all CA tax forms View all 175 California Income Tax Forms


Form Sources:

California usually releases forms for the current tax year between January and April. We last updated California Form 3521 from the Franchise Tax Board in March 2020.

Show Sources >

Form 3521 is a California Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of California Form 3521

We have a total of nine past-year versions of Form 3521 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form 3521

2019 California Form 3521 Low-Income Housing Credit

2018 Form 3521

2018 Form 3521 - Low-Income Housing Credit

2017 Form 3521

2017 Form 3521 - Low-Income Housing Credit

2016 Form 3521

2016 Form 3521 Low-Income housing Credit

Low-Income Housing Credit 2015 Form 3521

2015 Form 3521 -- Low-Income Housing Credit

Low-Income Housing Credit 2014 Form 3521

2014 Form 3521 -- Low-Income Housing Credit

Low-Income Housing Credit 2013 Form 3521

2013 Form 3521 -- Low-Income Housing Credit

2012 Form 3521

2012 Form 3521

2011 California Form 3521 2011 Form 3521

2011 Form 3521 -- Low-Income Housing Credit


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