California Form 3805d - Net Operating Loss (Nol) Carryover Computation And Limitation - Pierce'S Disease - 2012 Page 3
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3owned or rented by the business and used
Line 1
Line 7
within the affected area during the taxable
Individuals – Use 2012 Schedule CA (540),
Total the amounts in column (b), column (c),
year (column (b)).
California Adjustments - Residents, line 18
and column (e).
to figure California source farming business
When determining apportionment
Your PDV NOL carryover deduction for 2012
income.
percentage on Part II, the denominator of the
is the total of column (c). Enter this amount
property factor is the total average value of
Nonresidents and part-year residents – Use
on your California tax return or schedule as
2012 Schedule CA (540NR), California
all the taxpayer’s real and tangible personal
follows:
Adjustments - Nonresidents or Part-Year
property owned or rented and used during the
• Form 100, line 21
Residents, line 18 to figure California source
taxable year within California (column (a)).
• Form 100S, line 19
farming business income.
Payroll Factor. Payroll is defined as the total
• Form 100W, line 21
Corporations – Compile the California source
amount paid to the business’s employees for
• Form 109, line 6
farming business income using a format
compensation for the production of farming
• Schedule CA (540), line 21(e), column B
business income during the taxable year.
similar to the federal Schedule F (Form 1040),
• Schedule CA (540NR), line 21(e), column B
Profit or Loss from Farming.
Compensation. Compensation means wages,
Part II – Apportionment
salaries, commissions, and any other form of
Line 3
Percentage
remuneration paid directly to employees for
This is your California source farming business
personal services.
income apportioned to the PDV affected area.
Use Part II to compute the average
You may reduce this amount by your PDV NOL
When determining apportionment
apportionment percentage to the PDV
carryover deduction, if allowable. Your PDV
percentage on Part II, the numerator of
affected area.
the payroll factor is the taxpayer’s total
NOL carryover deduction may not be larger
If the business operates solely within an
than the income. If it is a loss in the current
compensation paid to employees for working
affected area and all its property and payroll
year or if it limits the amount of NOL you may
within the affected area during the taxable
are solely within that affected area, you do not
use this year, you must carry over the PDV
year (column (b)).
have to complete this part. Enter 100% (1.00)
NOL to future years, if allowable.
When determining apportionment
on Part II, line 4.
percentage on Part II, the denominator
Line 4
Only California source farming business
of the payroll factor is the taxpayer’s total
Enter the amount from line 3 in line 4,
income is apportioned to the PDV affected
compensation paid to employees working
column (d). If this amount is zero or less,
area. A taxpayer’s PDV farming business
in California during the taxable year
you do not have income apportioned to PDV
income is its California source farming
(column (a)).
affected area available to offset the PDV NOL
business income multiplied by the specific
carryover. Transfer the amounts from line 5
affected area apportionment percentage.
Specific Instructions
and line 6, column (b) to column (e), and enter
The affected area property and payroll factors
-0- in column (c), then go to line 7.
Part I – Computation of NOL
used in the determination of apportionable
farming business income include only
Line 5 and Line 6
Carryover and Carryover
the taxpayer’s California amounts in the
Enter the amount on line 5 and line 6 as a
Limitations — Individuals,
denominator.
positive number.
Exempt Trusts, and
In column (c), enter the smaller of the amount
Corporations
in column (b) or the amount in column (d)
from the previous line.
Use this section to compute the PDV NOL
In column (d), enter the result of subtracting
carryover deduction for individuals, exempt
column (c) from the balance on the previous
trusts, and corporations to reduce current
line in column (d).
taxable year income from the affected area.
In column (e), enter the result of subtracting
PDV NOL can offset only farming business
the amount in column (c) from the amount in
income attributable to the affected area.
column (b), as applicable.
If a PDV NOL carryover deduction is allowable
Example:
for any taxable year after Pierce’s disease has
occurred, the affected area will be deemed
(b) Carry-
(c) Amount
(d) Balance
(e) PDV
to remain in existence for the purposes of
over from
deducted
available to
NOL
computing the allowable PDV NOL carryover
prior year
this year
offset losses
carryover
deduction.
$5,000
$ 500
$ 500
4,500
$
0
Page 2 FTB 3805D Instructions 2012
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