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California Free Printable 2019 3885 Corporation Depreciation and Amortization for 2020 California Corporation Depreciation and Amortization

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Corporation Depreciation and Amortization
2019 3885 Corporation Depreciation and Amortization

TAXABLE YEAR 2019 Corporation Depreciation and Amortization CALIFORNIA FORM 3885 Attach to Form 100 or Form 100W. Corporation name California corporation number Part I Election To Expense Certain Property Under IRC Section 179 1 Maximum deduction under IRC Section 179 for California . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Total cost of IRC Section 179 property placed in service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Threshold cost of IRC Section 179 property before reduction in limitation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Reduction in limitation . Subtract line 3 from line 2 . If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Dollar limitation for taxable year . Subtract line 4 from line 1 . If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (a) Description of property (b) Cost (business use only) 1 2 3 4 5 $25,000 $200,000 (c) Elected cost 6 7 Listed property (elected IRC Section 179 cost) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Total elected cost of IRC Section 179 property . Add amounts in column (c), line 6 and line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Tentative deduction . Enter the smaller of line 5 or line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Carryover of disallowed deduction from prior taxable years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Business income limitation . Enter the smaller of business income (not less than zero) or line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 IRC Section 179 expense deduction . Add line 9 and line 10, but do not enter more than line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Carryover of disallowed deduction to 2020 . Add line 9 and line 10, less line 12 . . . . . . . . . . . . . . . . . . 13 Part II Depreciation and Election of Additional First Year Depreciation Deduction Under R&TC Section 24356 (a) Description of property (b) Date acquired (mm/dd/yyyy) (c) Cost or other basis (d) Depreciation allowed or allowable in earlier years (e) Depreciation method (f) Life or rate 8 9 10 11 12 (g) Depreciation for this year (h) Additional first year depreciation 14 15 Add the amounts in column (g) and column (h) . The total of column (h) may not exceed $2,000 . See instructions for line 14, column (h) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Part III Summary 16 Total: If the corporation is electing: IRC Section 179 expense, add the amount on line 12 and line 15, column (g) or Additional first year depreciation under R&TC Section 24356, add the amounts on line 15, columns (g) and (h) or Depreciation (if no election is made), enter the amount from line 15, column (g) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 Total depreciation claimed for federal purposes from federal Form 4562, line 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 18 Depreciation adjustment . If line 17 is greater than line 16, enter the difference here and on Form 100 or Form 100W, Side 1, line 6 . If line 17 is less than line 16, enter the difference here and on Form 100 or Form 100W, Side 2, line 12 . (If California depreciation amounts are used to determine net income before state adjustments on Form 100 or Form 100W, no adjustment is necessary) . . . Part IV Amortization (a) Description of property (b) Date acquired (mm/dd/yyyy) (c) Cost or other basis (d) Amortization allowed or allowable in earlier years (e) R&TC Section (see instructions) (f) Period or percentage 18 (g) Amortization for this year 19 20 Total . Add the amounts in column (g) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Total amortization claimed for federal purposes from federal Form 4562, line 44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Amortization adjustment . If line 21 is greater than line 20, enter the difference here and on Form 100 or Form 100W, Side 1, line 6 . If line 21 is less than line 20, enter the difference here and on Form 100 or Form 100W, Side 2, line 12 . . . . . 7621193 20 21 22 FTB 3885 2019
Extracted from PDF file 2019-california-form-3885.pdf, last modified November 2019

More about the California Form 3885 Corporate Income Tax TY 2019

Please attach this form to forms 100 and 100W when submitting it. This form requires you to fill out information relating to limitations and deductions of certain property under your corporation.

We last updated the Corporation Depreciation and Amortization in March 2020, so this is the latest version of Form 3885, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 3885 directly from TaxFormFinder. You can print other California tax forms here.


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Related California Corporate Income Tax Forms:

TaxFormFinder has an additional 174 California income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the California Form 3885.

Form Code Form Name
Form 3885-A Depreciation and Amortization Adjustments
Form 3885-L Depreciation and Amortization
Form 3885-F Depreciation and Amortization
Form 3885-P Depreciation and Amortization

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 3885 from the Franchise Tax Board in March 2020.

Show Sources >

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of California Form 3885

We have a total of nine past-year versions of Form 3885 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form 3885

2019 3885 Corporation Depreciation and Amortization

2018 Form 3885

2018 3885 - Corporation Depreciation and Amortization

2017 Form 3885

2017 Form 3885 - Corporation Depreciation and Amortization

2016 Form 3885

2016 Form 3885 Corporation Depreciation and Amortization

Corporation Depreciation and Amortization (Fill-in) 2015 Form 3885

2015 Form 3885 -- Corporation Depreciation and Amortization

Corporation Depreciation and Amortization 2014 Form 3885

2014 Form 3885 -- Corporation Depreciation and Amortization

Corporation Depreciation and Amortization 2013 Form 3885

2013 Form 3885 -- Corporation Depreciation and Amortization

2012 Form 3885

2012 Form 3885

2011 California Form 3885 2011 Form 3885

2011 Form 3885 -- Corporation Depreciation and Amortization


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