California Net Operating Loss (NOL) Carryover Computation and Limitation- Pierce's Disease

Net Operating Loss (NOL) Carryover Computation and Limitation- Pierce's Disease
2023 Form 3805V Net Operating Loss (NOL) Computation and NOL andDisaster Loss Limitations — Individuals, Estates, and TrustsTAXABLE YEAR

2023

CALIFORNIA FORM

Net Operating Loss (NOL) Computation and NOL and
Disaster Loss Limitations — Individuals, Estates, and Trusts

Attach to your California tax return.

3805V
SSN or ITIN

Names as shown on tax return
FEIN

Part I  Computation of Current Year NOL for Individuals, Estates, and Trusts. If you do not have a current year NOL, go to Part II.
Section A — California Residents Only (Nonresidents and Part-Year Residents Only, go to Section B.)
 
 1	 Adjusted gross income from 2023 Form 540, line 17. If negative, use brackets. Estates and Trusts, begin on line 3 . . . . . . . . . . . . 	 1	
00
 2	 Itemized deductions or standard deduction from 2023 Form 540, line 18  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 2 (	00)
 3	 a	 Combine line 1 and line 2. (Estates and Trusts, enter taxable income, see instructions.) If negative, use brackets.
If positive, enter -0- here and on line 25. Do not complete the rest of Section A. You do not have a current year NOL.
Complete Part II and Part III if you have a carryover from prior years. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 3a	00
	b	 2023 declared disaster loss included in line 3a. Enter as a positive number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 3b	
00
	c	 Combine line 3a and line 3b. If negative, use brackets and continue to line 4. If zero or more, do not complete the
rest of Part I. Enter the amount from line 3b, if any, in Part III, line 3, column (d) and complete
Part II and Part III as instructed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 3c	
00
Enter amounts on line 4 through line 24 as if they were all positive numbers. See instructions.
 4	 Nonbusiness capital losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 4	00
 5	 Nonbusiness capital gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 5	00
 6	 If line 4 is more than line 5, enter the difference; otherwise, enter -0-  . . . . . . . . . . . . . . . . . . . . . . . . . .  	 6	00
 7	 If line 4 is less than line 5, enter the difference; otherwise, enter -0-  . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 7	00
 8	 Nonbusiness deductions. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 8	00
 9	 Nonbusiness income other than capital gains. See instructions. . . . . . . . . . . . . 	 9	00
10	 Add line 7 and line 9  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  10	00
11	 If line 8 is more than line 10, enter the difference; otherwise, enter -0-  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 11	00
12	 If line 8 is less than line 10, enter the difference; otherwise, enter -0-  . . . . . . . 	12	00
13	 Business capital losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	13	00
14	 Business capital gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	14	00
15	 Add line 12 and line 14  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	15	00
16	 If line 13 is more than line 15, enter the difference; otherwise, enter -0-. See instructions.  . . . . . . . . . .  	16	00
17	 Add line 6 and line 16  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	17	00
18	 Enter the loss, if any, from Schedule D (540), line 8. Estates and Trusts, enter the loss,
if any, from Schedule D (541), line 9, column (c). If you do not have a loss on that line, skip line 18
through line 21 and enter on line 22 the amount from line 17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	18	00
19	 Enter the loss, if any, from Schedule D (540), line 9. Estates and Trusts, enter the loss,
if any, from Schedule D (541), line 10. Enter as a positive number . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	19	00
20	 If line 18 is more than line 19, enter the difference; otherwise, enter -0-  . . . . . . . . . . . . . . . . . . . . . . . .  	20	00
21	 If line 19 is more than line 18, enter the difference; otherwise, enter -0-  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 21	00
22	 Subtract line 20 from line 17. If zero or less, enter -0-  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 22	00
23	 NOL and disaster loss carryovers from prior years. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 23	00
24	 Add lines 11, 21, 22, and 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 24	00
25	 Current Year NOL. Combine line 3c and line 24. If more than zero, enter -0-. You do not have a current year
NOL to carryover. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	25	00

For Privacy Notice, get FTB 1131 EN-SP.

7531233

FTB 3805V  2023  Side 1

Section B — Nonresidents and Part-Year Residents Only — Computation of Current Year California NOL
(a)
Enter total amounts
as if you were a
CA resident for
entire year.

(b)
Enter amounts
earned or received
from CA sources as if
you were a nonresident
for the entire year.

  1	 Adjusted gross income. See instructions.
If negative, use brackets . . . . . . . . . . . . . . . . . . . 	 1
 2	 Itemized deductions or standard deduction.
)(      
See instructions . . . . . . . . . . . . . . . . . . . . . . . .  	 2 (       
  3	 a 	 Combine line 1 and line 2. See instructions..	 3a
	b	
2023 declared disaster loss included
in line 3a. Enter as a positive number . . . . .  	 3b
	c	
Combine line 3a and line 3b. If negative,
use brackets and continue to line 4  . . . . . .  	3c
Enter amounts on line 4 through line 24 as if they were all positive numbers.
 4	 Nonbusiness capital losses  . . . . . . . . . . . . . . .  	 4
 5	 Nonbusiness capital gains  . . . . . . . . . . . . . . . .  	 5
 6	 If line 4 is more than line 5, enter the
difference; otherwise, enter -0-  . . . . . . . . . . . .  	 6
 7	 If line 4 is less than line 5, enter the
difference; otherwise, enter -0-  . . . . . . . . . . . .  	 7
 8	 Nonbusiness deductions  . . . . . . . . . . . . . . . . .  	 8
 9	 Nonbusiness income other than capital gains  .  	 9
10	 Add line 7 and line 9 . . . . . . . . . . . . . . . . . . . . .  	 10
11	 If line 8 is more than line 10, enter the
difference; otherwise, enter -0-  . . . . . . . . . . . .  	 11
12	 If line 8 is less than line 10, enter the
difference; otherwise, enter -0-  . . . . . . . . . . . .  	 12
13	 Business capital losses . . . . . . . . . . . . . . . . . . .  	 13
14	 Business capital gains  . . . . . . . . . . . . . . . . . . .  	 14
15	 Add line 12 and line 14 . . . . . . . . . . . . . . . . . . .  	 15
16	 If line 13 is more than line 15, enter the
difference; otherwise, enter -0-  . . . . . . . . . . . .  	 16
17	 Add line 6 and line 16 . . . . . . . . . . . . . . . . . . . .  	 17
18	 Enter the loss, if any, from line 4 of
Schedule D (540NR) Worksheet for nonresidents
and part-year residents. See instructions.  . . . .  	 18
19	 Enter the loss, if any, from line 5 of Schedule D
(540NR) Worksheet for nonresidents and
part-year residents. Enter as a positive number.  .  	 19
20	 If line 18 is more than line 19, enter the
difference; otherwise, enter -0-  . . . . . . . . . . . .  	 20
21	 If line 19 is more than line 18, enter the
difference; otherwise, enter -0-  . . . . . . . . . . . .  	 21
22	 Subtract line 20 from line 17. If zero or less,
enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 22
23	 NOL and disaster loss carryovers from prior
years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 23
24	 Add lines 11, 21, 22, 23 . . . . . . . . . . . . . . . . . .  	 24
25	 Current Year NOL. Combine line 3c and line 24.
	
If more than zero, enter -0-. See instructions.  .  	 25	

Side 2  FTB 3805V  2023

7532233

(c)
Enter amounts
earned or received
during the portion
of the year you were
a CA resident.

(d)
Enter amounts
earned or received
from CA sources
during the portion
of the year you
were a nonresident.

(e)
Total
Combine
columns (c) and (d)

) (       ) (       ) (       )

Part II  Determine 2023 Modified Taxable Income (MTI). Be sure to read the instructions for Part II.
 1	 Taxable income. See instructions  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	
Enter amounts on line 2 through line 5 as if they were all positive numbers.
 2	 Capital loss deduction included in line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	
 3	 Disaster loss carryover included in line 1  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	
 4	 NOL carryover included in line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	
  5	 Adjustments to itemized deductions. See instructions  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	
 6	 MTI. Combine line 1 through line 5. If line 6 is zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	

1	00
2	00
3	00
4	00
5	00
6	00

Part III  NOL Carryover and Disaster Loss Carryover Limitations. See instructions.
(g)
Available balance
1	 MTI from Part II, line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Prior Year NOLs
(a)

(b)

(c)

(d)

(e)

(f)

(h)

Year of
loss

Code
See instructions

Type of NOL
See below*

Initial loss

Carryover
from 2022

Amount used
in 2023

Carryover to 2024
col. (e) minus col. (f)

2	

	
	
	
col. (d) minus col. (f)
See instructions

Current Year NOLs
3	2023

  DIS

4	2023
	2023
	2023

*Type of NOL: General (GEN), New Business (NB), Eligible Small Business (ESB), or Disaster (DIS).
 5	 NOL carryover. Add the carryover amounts in column (h) that are not the result of a disaster loss . . . . . . . . . . . . . . . . . . . . . . . . .
 6	 Disaster loss carryover. Enter the total loss carryover amounts in column (h) that are the result of disaster losses  . . . . . . . . . . . .

7533233

	 5	00
	 6	00

FTB 3805V  2023  Side 3

Extracted from PDF file 2023-california-form-3805v.pdf, last modified December 2023

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More about the California Form 3805V Individual Income Tax TY 2023

You must attach this form with your California tax returns before submitting it. Section A is only required to be filled out by California residents and Section B is for Nonresidents and Part-Year residents only. If you do not have a Net Operating Loss for this taxable year, then you can proceed to Part II.

We last updated the Net Operating Loss (NOL) Carryover Computation and Limitation- Pierce's Disease in February 2024, so this is the latest version of Form 3805V, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 3805V directly from TaxFormFinder. You can print other California tax forms here.

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.

Form Code	Form Name
Form 540	California Resident Income Tax Return Tax Return
Form 540 Booklet	Personal Income Tax Booklet - Forms & Instructions
Form 540 Schedule CA	California Adjustments - Residents
Form 540-540A Instructions	California 540 Form Instruction Booklet
Form 540-2EZ	California Resident Income Tax Return Tax Return

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 3805V from the Franchise Tax Board in February 2024.

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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 3805V

We have a total of twelve past-year versions of Form 3805V in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form 3805V

2023 Form 3805V Net Operating Loss (NOL) Computation and NOL andDisaster Loss Limitations — Individuals, Estates, and Trusts

2022 Form 3805V

2022 Form 3805V Net Operating Loss (NOL) Computation and NOL andDisaster Loss Limitations — Individuals, Estates, and Trusts

2021 Form 3805V

2021 Net Operating Loss (NOL) Computation and NOL andDisaster Loss Limitations — Individuals, Estates, and Trusts Form 3805V

2020 Form 3805V

2020 Form 3805V Net Operating Loss (NOL) Computation and NOL and Disaster Loss Limitations — Individuals, Estates, and Trusts

2019 Form 3805V

2019 Form 3805V Net Operating Loss (NOL) Computation and NOL andDisaster Loss Limitations — Individuals, Estates, and Trusts

2018 Form 3805V

2018 Form 3805V Net Operating Loss (NOL) Computation and NOL andDisaster Loss Limitations — Individuals, Estates, and Trusts

2016 Form 3805V

2016 Form 3805 - Net Operating Loss (NOL) Carryover Computation and Limitation - Pierce's Disease

2015 Form 3805V

2015 Form 3805D -- Net Operating Loss (NOL) Carryover Computation and Limitation – Pierce’s Disease

2014 Form 3805V

2014 Form 3805D -- Net Operating Loss (NOL) Carryover Computation and Limitation – Pierce’s Disease

2013 Form 3805V

2013 Form 3805D -- Net Operating Loss (NOL) Carryover Computation and Limitation – Pierce’s Disease

2012 Form 3805V

2012 Form 3805D

2011 Form 3805V

2011 Form 3805D -- Net Operating Loss (NOL) Carryover Computation and Limitation – Pierce’s Disease

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