3540 Form Fillable Credit Carryover and Recapture Summary
(all forms fillable on Windows, Mac, Android tablets, and iPad using Adobe Reader XI)

$50 ($25 for married filing separately and single) 25% ( 25) of the amount contributed Form 100 Schedule J line 5 Form 100S Schedule J line 5 Form 100W Schedule J line 5 Form 109 Schedule K line 4 Form 540 line 63 Form 541 line 34 Form 565 Schedule K line 20c Form 568 Schedule K line 20c FTB 3540 in the space provided or next to the line on the schedule Long Form 540NR line 73 repealed credit (360 months less number of months facility (60 months less number of months facility (Corporations only) (Individuals Estates and Trusts only) (Individuals only) (individuals) if a corporation s taxable income was $500 000 or (Transit passes) 100W 540 540NR or 541) However complete this form if you are 17052 14 17052 4 17052 8 and 23601 5 only if a carryover is available from taxable 17052 8 only if a 17053 1 only if a carryover is available 17061 5 only if a carryover is available from taxable years 1987 through 1991 23601 5 only if a carryover is available from taxable years 1990 60 months after completion the portion of the credit claimed that 7351143 a carryover is available from taxable years 1987 through 1991 a carryover is available from taxable years 1997 through 2007 A Purpose Agency Military Base Recovery Area Business Booklet to determine the Alternative Minimum Tax (AMT) may be reduced by the following amount of credit carryover you may claim amount recaptured by the S corporation on Form 100S Schedule J amount received from the disregarded entity that can be utilized is amounts determined by the California Department of Fish and Game An SMLLC may be disregarded as an entity separate from its owner and 23603 only if a carryover is available from taxable years 1991 and 23605 only if a carryover is available from taxable years 1981 and 23605 only if a carryover is available from taxable years 1989 and 23607 only if a carryover is available from taxable years 1981 and 23608 only if a carryover is available from taxable years 1989 and 23612 5 only if a carryover is available from taxable years 1989 and is subject to statutory provisions that recognize otherwise and members on Schedule K 1 (541 565 or 568) and steelhead trout habitat restoration and improvement projects and the manufacturing investment credit (MIC) However the MIC Area (LAMBRA) Sales or Use Tax Credit Carryover (Code 198) Get Assigned Credit Received and/or Claimed by Assignee or go to Assigned Credits to Affiliated Corporations For taxable years assigned may only be applied by the affiliated corporation against their Attach to your California tax return SSN or ITIN CA Corporation no FEINName(s) as shown on your California tax returnCalifornia Secretary of State (SOS) file numberv attached to your previous year s tax return This amount may also be available credit was computed using the Large Employer Program available credit was computed using the Small Employer Program available from taxable years 1983 through 1984 available from taxable years 1989 through 1995 available from taxable years 1991 through 1993 B Assignment of Credits B Credit Recapture Definition because you were an employer with 200 or more employees because you were an employer with fewer than 200 employees been paid or incurred during 2003 or prior years if the property was beginning on or after July 1 2008 credits earned by members of a Business Tax Credit Limitation For taxable years beginning on Business tax credits disallowed due to the 50% limitation may be by California and for tax purposes treated as a sole proprietorship by the CA Energy Commission under former R&TC Sections 17052 11 by the number of taxable years the credits were not allowed C Credit Carryover Cal Code Regs tit 18 sections 17053 49 0 through 17053 49 11 and CALIFORNIA FORM carried over The carryover period for disallowed credits was extended Carryover (Code 159); Targeted Tax Area (TTA) Sales or Use Tax Carryover (Corporations only) Carryover (Individuals only) carryover credit(s) you are eligible to claim carryover is available from taxable years 1980 through 1982 carryover may only reduce the alternative minimum tax (AMT) for carryovers are available from a prior year childcare information and referral services in California under former claimed that represents the portion of the 360 month period must be claiming the credit carryover on your tax return Also see General clinical testing under former R&TC Sections 17057 and 23609 5 only Code 160 Low Emission Vehicles Credit Carryover Code 161 Young Infant Credit Carryover (Individuals only) Code 171 Ridesharing Credit Carryover (Pre 1989) Code 174 Recycling Equipment Credit Carryover Code 175 Agricultural Products Credit Carryover Code 178 Water Conservation Credit Carryover Code 179 Solar Pump Credit Carryover Code 180 Solar Energy Credit Carryover Code 181 Commercial Solar Energy Credit Carryover Code 182 Energy Conservation Credit Carryover Code 184 Political Contributions Credit Carryover Code 185 Orphan Drug Credit Carryover Code 186 Residential Rental and Farm Sales Credit Code 189 Code 189 Employer Childcare Program Carryover Code 189 Employer Childcare Program Credit (ECPC) Code 190 Employer Childcare Contribution Credit Carryover Code 191 Employer Ridesharing Credit Carryover (Large) Code 192 Employer Ridesharing Credit Carryover (Small) Code 193 Employer Ridesharing Credit Carryover Code 194 Employee Ridesharing Credit Carryover Code 196 Commercial Solar Electric System Credit Carryover Code 199 Manufacturers Investment Credit (MIC) Code 200 Salmon and Steelhead Trout Habitat Restoration Code 201 Technological Property Contribution Credit Code 202 Contribution of Computer Software Credit Carryover Code 206 Rice Straw Credit Carryover Code 207 Code 207 Farmworker Housing Credit (FWHC) Code 207 Farmworker Housing Credit Carryover Construction Code 215 Joint Strike Fighter Credit Carryover Code 216 Joint Strike Fighter Credit Carryover Property Costs Code 217 Solar or Wind Energy System Credit Carryover Code 220 New Jobs Credit Column (a) Enter the code number from the instructions for the column (a) x column (b) Column (b) Enter the name of repealed credit from the instructions for Column (c) Enter the amount of credit carryover available from prior column (c) Enter the result in column (e) This is the amount of credit Column (c) Include the recaptured amount from Part II column (c) Column (d) Enter the amount of credit carryover claimed on your Column (e) Subtract the amount in column (d) from the amount in combined reporting group may be assigned to an affiliated corporation conservation measures under former R&TC Section conservation measures under former R&TC Sections constructed a childcare facility in California under former R&TC corporations Get Schedule P (100 100W 540 540NR or 541) costs of a solar energy or wind energy system installed on California Credit (FWHC) Credit carryover Credit Carryover (Code 210); or Local Agency Military Base Recovery Credit Carryover and Credit carryover available Credit Carryover column (d) Credit carryover to credit carryovers: solar energy credit commercial solar energy credit Credit recapture amount credit this year but can carry over the credit amount received from the credits could only offset 50% of the tax (corporations) or net tax credits have carryover provisions You may claim these credits only if current year tax return The credit carryover amount you can claim on D Limitations dates have passed for the credits listed on this form however these disregarded entities for certain tax purposes Get Form 568 Limited disregarded entity employee for non employer sponsored vanpool subscription costs employees hired under former R&TC Sections 17053 8 and 23623 only Employer Childcare energy systems under former R&TC Sections 17052 5 and 23601 only Estates trusts partnerships and LLCs classified as partnerships Even though the cost to construct or acquire the property may have Farmworker Housing for acquiring constructing or reconstructing qualified properties under for each credit on your California tax return or schedule as follows: For more information get form FTB 3544 Election to Assign Credit For Privacy Notice get FTB 1131 ENG/SP for years that are past the statute of limitations former R&TC Sections 17053 and 23605 only if a carryover is forms FTB 3806 Los Angeles Revitalization Zone Business Booklet from prior years from taxable years 1986 through 1987 from taxable years 1989 through 1995 from taxable years 1994 through 2003 from taxable years 1994 through 2011 from taxable years 2001 through 2005 from the year in which the credit was incurred or until exhausted from the year in which the credit was incurred or until exhausted FTB 3540 2014 Side 1 FTB 3540 Instructions 2014 Page 2 FTB 3809 Targeted Tax Area Business Booklet and FTB 3807 Local ftb ca gov and search for credit assignment future years General Information General Information D Limitations housing within 360 months after completion the portion of the credit if a carryover is available from taxable years 1985 through 1988 if a carryover is available from taxable years 1987 through 1992 If a taxpayer owns an interest in a disregarded business entity [a If the available credit carryover for the current taxable year exceeds if the carryover is available from taxable years 2009 through 2013 If the childcare center is disposed of or stops operating within If the disregarded entity reports a loss the taxpayer may not claim the If the FWHC was allocated under the former FWHC provision prior to In addition S corporations must identify recapture amounts for their in California under former R&TC Sections 17052 10 and 23610 only if In general a credit carryover cannot reduce the minimum franchise In no event can a credit carryover be carried back and applied against a income tax (S corporations) Indicate that a credit recapture is included on the tax return by writing Information D Limitations information to substantiate that you are entitled to the credits claimed is available from taxable years 1995 through 1999 January 1 2009 and the property is disposed of or stops operating Liability Company Income Tax Booklet liability Refer to the credit instructions in your tax booklet to determine Limitation: The credit may be carried forward for up to eight years Limitation: The credit may be carried forward for up to eight years Limitation: The credit may be carried forward for up to ten years from Limitation: The credit may generally be carried over for a maximum limited to the difference between the taxpayer s regular tax figured line 5 more or if an individual s net business income was $500 000 or more must identify the recapture amounts for their beneficiaries partners Name of not be carried back and applied against a prior year s tax The repeal not placed in service before January 1 2004 none of those costs are Note: Do not use form FTB 3540 to claim a Los Angeles Revitalization occurs first of age under former R&TC Section 17052 20 only if a carryover is of eight years However if the qualified taxpayer met the definition of a on the prior year Schedule P (100 100W 540 540NR or 541) under on this form The FTB can request that information even on tax returns only if a carryover is available from taxable years 1987 through 1988 only if a carryover is available from taxable years 1989 through 1995 operated 360 months) operated 60 months) or after January 1 2008 and before January 1 2010 business tax or form or rehabilitate qualified farmworker housing under former R&TC owned by an individual or a branch owned by a corporation] the credit Page 1 FTB 3540 Instructions 2014 Part I Carryover Part I Credit Carryover Part II Credit Recapture Part II Credit Recapture (See Credit Recapture Instructions) partnerships limited liability companies (LLCs) classified as partnerships limited liability partnerships) the alternative minimum pre 1989 taxable years If you are claiming a credit carryover from previously established a qualified employee childcare program prior to January 1 1992 under former R&TC Section 17053 14 only if prior year s tax Program Credit (ECPC) program for your employees or for operating a private third party property under former R&TC Section 23606 only if a carryover is property under former R&TC Sections 17053 84 and 23684 from Proration percentage: providing subsidized public transit passes to your employees under qualified costs for the credit qualified property placed in service in California under former R&TC Sections 17052 18 and 23617 5 only if a carryover is available R&TC Sections 17053 37 and 23637 only if the carryover is available Recapture Summary recaptured recaptured You must add the recapture amount to your tax liability in recycling equipment which was certified by the California Integrated References in these instructions are to the California represents the remaining portion of the 60 month period must be required to report a credit recapture on Part II Revenue and ridesharing program for your employees or for operating a private ridesharing program under former R&TC Sections 17053 and 23605 sale of residential rental or farm property under former R&TC Section Sections 17052 17 17052 18 and 23617 only if a carryover is available Sections 17053 14 and 23608 2 only if a carryover is available from Sections 17053 36 and 23636 only if the carryover is available from sections 23649 0 through 23649 11 only if a carryover is available shareholders on Schedule K 1 (100S) which will differ from the single member limited liability company (SMLLC) not recognized Single Member LLC (SMLLC) small business as of the last day of the taxable year in the year the credit solar electric systems under former R&TC Sections 17052 5 and solar energy systems under former R&TC Sections 17052 4 and 23601 4 Specific Column Instructions succeeding years unless the credit carryover period has expired Apply system under former R&TC Sections 17052 1 17052 4 17052 8 tax (corporations and S corporations) and the annual tax (limited tax (corporations exempt organizations individuals and fiduciaries) tax figured without the income of the disregarded entity tax in a taxable year beginning on or after January 1 2010 TAXABLE YEAR taxable years 1997 through 2008 This credit is subject to recapture taxable years 2001 through 2005 Taxation Code (R&TC) that can be carried over to future years To see if the credit is limited see that is a member of the same combined reporting group A credit that no longer have separate credit forms Credit carryovers may the amount of credit carryover you can claim and for information on the built in gains tax (S corporations) or the excess net passive the carryover credit(s) you are eligible to claim the carryover to the earliest taxable year possible The credit amount is the lesser of 10% of qualified costs or other the current year tax any unused amount may be carried over to the employer ridesharing vehicle credit available in taxable years 1989 The political contribution credit was the smaller of one of the following: the taxable year of disposition or nonuse the year in which the credit was incurred or until exhausted whichever third party ridesharing program under former R&TC Sections 17053 through 1983 through 1986 through 1991 through 1993 through 1995 through 1995 see codes 191 through 193 to determine which code to to a nonprofit organization under former R&TC Sections 17053 12 to compute any recapture You must keep your old tax returns along to figure a prior year credit carryover of one or more repealed credits Total credit claimed for all years under former R&TC Section under former R&TC Section 23606 1 only if a carryover is available under former R&TC Sections 17053 66 and 23666 only if a carryover Use Code 171 only for employer ridesharing credit carryovers from Use Code 191 if in the year in which the credit was generated your Use Code 192 if in the year in which the credit was generated your Use form FTB 3540 Credit Carryover and Recapture Summary Part I Use form FTB 3540 Credit Carryover and Recapture Summary Part II Use the credit code number listed to the left of the credit name when used this year Wages wages paid or incurred for qualified employees under former R&TC was allowed then the credit may be carried over for ten years Waste Management Board under former R&TC Sections whichever occurs first whichever occurs first with respect to the costs of constructing or rehabilitating farmworker with the appropriate information to substantiate the credits recaptured with the income of the disregarded entity and the taxpayer s regular Within Combined Reporting Group or form FTB 3544A List of years 1981 through 1986 years This amount is on the prior year credit form or statement that you You do not need to complete this form if you file Schedule P (100 you enter the credit amount on your tax return You may claim a credit carryover for a dependent under 13 months You may claim a credit carryover for each increase in qualified full time You may claim a credit carryover for expenses related to qualified You may claim a credit carryover for political contributions you made You may claim a credit carryover for the amount that was authorized You may claim a credit carryover for the cost associated with salmon You may claim a credit carryover for the cost of installing a solar pump You may claim a credit carryover for the cost of sponsoring a You may claim a credit carryover for the cost of sponsoring a ridesharing You may claim a credit carryover for the costs of installing commercial You may claim a credit carryover for the costs of installing energy You may claim a credit carryover for the costs of installing solar You may claim a credit carryover for the costs of installing water You may claim a credit carryover for the costs paid or incurred as an You may claim a credit carryover for the costs paid or incurred for You may claim a credit carryover for the eligible costs to construct You may claim a credit carryover for the percentage of qualified You may claim a credit carryover for the purchase and installation You may claim a credit carryover for the purchase of qualified You may claim a credit carryover for the purchase of rice straw grown You may claim a credit carryover for the qualified cost to manufacture You may claim a credit carryover for the qualified costs paid or incurred You may claim a credit carryover if you contributed computer software You may claim a credit carryover if you contributed technological You may claim a credit carryover if you contributed to California You may claim a credit carryover if you donated agricultural products You may claim a credit carryover if you had a gain from the You may claim a credit carryover if you were an employer and You must keep your old tax returns along with the appropriate your tax return may be limited by tentative minimum tax or your tax Zone (LARZ) Hiring Credit Carryover & Sales or Use Tax Credit