Form 3805Q print requirements
Form 3805Q prints when the form is selected in the Force Print section of the Organizer and it's not suppressed. For a combined NOL, the application of NOL is on an entity-by-entity basis.
To calculate and print Form 3805Q, California Net Operating Loss (NOL) Computation and NOL and Disaster Loss Limitations:
- InOrganizer, selectStates, thenCalifornia.
- SelectReturn Options, then go to theForce Printsection.
- SelectForm 3805Q.
- Do a full recompute, then print.
If the form doesn’t print, check if it's suppressed:
- InOrganizer, selectStates, thenCalifornia.
- SelectReturn Options, then go to thePrint Suppressionsection.
- Clear the checkbox forForm 3805Q.
- Do a full recompute, then print.
Combined NOL
Since California is a combined state and not a consolidated state, the application of NOL is on an entity-by-entity basis.
For example, if the parent has $200,000 in NOLs but only $150,000 in income, only $150,000 will flow to the form 100 as an NOL deduction. The remaining $50,000 isn't allowed to be applied to any of the other subsidiary returns.
