Get the free 2010 Form 3805V -- Net Operating Loss (NOL) Computation ... - eFile
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TAXABLE YEAR 2010 Net Operating Loss (NOT) Computation and NOT and Disaster Loss Limitations Individuals, Estates, and Trusts Attach to your California tax return. SSN or ITIN Names as shown on return
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How to fill out 2010 form 3805v
How to fill out 2010 form 3805v:
01
Begin by entering your name, address, and social security number in the designated spaces at the top of the form.
02
Next, provide the tax year and the type of income or loss that you wish to report on the form.
03
Proceed to the "Part I - Computation of Net Operating Loss Deduction" section. Follow the instructions to calculate your net operating loss deduction if applicable.
04
If you have any modifications or credits to apply, complete the "Part II - Modifications" section. Provide the necessary information and calculations as instructed.
05
Move on to "Part III - Computation of California NOL and Tentative NOL". Follow the instructions to calculate your California net operating loss and tentative net operating loss.
06
In "Part IV - Computation of California NOL Carryover and Tentative NOL Carryover," accurately calculate your California net operating loss carryover and tentative net operating loss carryover.
07
If you have any California disaster loss carrybacks or carryovers, complete the appropriate sections under "Part V - California Disaster Losses."
08
Finally, review the completed form, attach any additional documentation if required, and sign and date the form.
09
Keep a copy of the filled-out form for your records.
Who needs 2010 form 3805v:
01
Individuals or businesses in California who have experienced a net operating loss during the 2010 tax year and want to claim a deduction for that loss.
02
Taxpayers who have modifications or credits to apply to their California income for the 2010 tax year.
03
Those who have incurred California disaster losses in 2010 and wish to carry back those losses or carry them forward to future tax years.
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