Form 3521 - Low-Income Housing Credit 2011 - California Page 2

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Part II Carryover Computation

2a Amount of low-income housing credit claimed on the current year tax return (do not include any

assigned credit claimed on form FTB 3544A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2a

This amount may be less than the amount on line 11 if your credit is limited by tentative minimum tax (TMT)

or your tax liability. See instructions.

2b Total credit assigned to other corporations within combined reporting group from

Form FTB 3544, column (g) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2b

Carryover to future years. Add line 12a and line 12b, subtract the result from line 11 . . . . . . . . . . . . . . . . 3

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

Building 2

Total

4 Date building was placed in service (month/year) . . . . . . . . . .

5 BIN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 Eligible basis of building. See General Information C . . . . . . . .

7 Low-income portion (lesser of unit percentage or