Form FTB 3805V (2025) — Net Operating Loss (NOL) Computation and NOL and Disaster Loss Limitations

# TAXABLE YEAR CALIFORNIA FORM

Net Operating Loss (NOL) Computation and NOL and
2025 3805V
Disaster Loss Limitations — Individuals, Estates, and Trusts
Attach to your California tax return. SSN or ITIN Names as shown on tax return FEIN Part I Computation of Current Year NOL for Individuals, Estates, and Trusts. If you do not have a current year NOL, go to Part II.
Section A — California Residents Only (Nonresidents and Part-Year Residents Only, go to Section B.) 1 Adjusted gross income from 2025 Form 540, line 17. If negative, use brackets. Estates and Trusts, begin on line 3 … 1 00 2 Itemized deductions or standard deduction from 2025 Form 540, line 18 … 2 ( 00 ) 3 a Combine line 1 and line 2. (Estates and Trusts, enter taxable income, see instructions.) If negative, use brackets.
If positive, enter 0 here and on line 25. Do not complete the rest of Section A. You do not have a current year NOL.

Complete Part II and Part III if you have a carryover from prior years

Text version of this table

(a) Enter total amounts as if you were a CA resident for entire year.	(b) Enter amounts earned or received from CA sources as if you were a nonresident for the entire year.	(c) Enter amounts earned or received during the portion of the year you were a CA resident.	(d) Enter amounts earned or received from CA sources during the portion of the year you were a nonresident.	(e) Total Combine columns (c) and (d)
1 Adjusted gross income. See instructions. If negative, use brackets. . . . . . . . . . . . . . . . . . 1 2 Itemized deductions or standard deduction. ( ) See instructions . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 a Combine line 1 and line 2. See instructions. . 3a b 2025 declared disaster loss included in line 3a. Enter as a positive number. . . . . 3b c Combine line 3a and line 3b. If negative, use brackets and continue to line 4 . . . . . . . 3c
	( )	( )	( )	(
Enter amounts on line 4 through line 24 as if they were all positive numbers.
4 Nonbusiness capital losses . . . . . . . . . . . . . . . . 4 5 Nonbusiness capital gains . . . . . . . . . . . . . . . . . 5 6 If line 4 is more than line 5, enter the difference; otherwise, enter - 0- . . . . . . . . . . . . . 6 7 If line 4 is less than line 5, enter the difference; otherwise, enter - 0- . . . . . . . . . . . . . 7 8 Nonbusiness deductions . . . . . . . . . . . . . . . . . . 8 9 Nonbusiness income other than capital gains . . 9 10 Add line 7 and line 9. . . . . . . . . . . . . . . . . . . . . 10 11 If line 8 is more than line 10, enter the difference; otherwise, enter - 0- . . . . . . . . . . . . . 11 12 If line 8 is less than line 10, enter the difference; otherwise, enter - 0- . . . . . . . . . . . . . 12 13 Business capital losses. . . . . . . . . . . . . . . . . . . 13 14 Business capital gains . . . . . . . . . . . . . . . . . . . . 14 15 Add line 12 and line 14. . . . . . . . . . . . . . . . . . . 15 16 If line 13 is more than line 15, enter the difference; otherwise, enter - 0- . . . . . . . . . . . . . 16 17 Add line 6 and line 16. . . . . . . . . . . . . . . . . . . . 17 18 Enter the loss, if any, from line 4 of Schedule D (540NR) Worksheet for nonresidents and part-year residents. See instructions. . . . . . 18 19 Enter the loss, if any, from line 5 of Schedule D (540NR) Worksheet for nonresidents and part-year residents. Enter as a positive number. . . 19 20 If line 18 is more than line 19, enter the difference; otherwise, enter - 0- . . . . . . . . . . . . . 20 21 If line 19 is more than line 18, enter the difference; otherwise, enter - 0- . . . . . . . . . . . . . 21 22 Subtract line 20 from line 17. If zero or less, enter - 0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 23 NOL and disaster loss carryovers from prior years. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 24 Add lines 11, 21, 22, 23 . . . . . . . . . . . . . . . . . . 24 25 Current Year NOL. Combine line 3c and line 24. If more than zero, enter - 0- . See instructions.. . 25

Part II Determine 2025 Modified Taxable Income (MTI). Be sure to read the instructions for Part II.
1 Taxable income. See instructions Enter amounts on line 2 through line 5 as if they were all positive numbers.
2 Capital loss deduction included in line 1 3 Disaster loss carryover included in line 1 4 NOL carryover included in line 1 5 Adjustments to itemized deductions. See instructions 6 MTI. Combine line 1 through line 5. If line 6 is zero or less, enter 0 Part III NOL Carryover and Disaster Loss Carryover Limitations. See instructions.
1 MTI from Part II, line 6. If your net business income is $1,000,000 or more and modified adjusted gross income (AGI … 1 ) is $1,000,000 or more for the taxable year, see instructions (g) Available balance
Prior Year NOLs
(a)
Year of loss
(b)
Code
See instructions
(c)
Type of NOL
See below*
(d)
Initial loss
(e)
Carryover from 2024
(f)
Amount used in 2025
(h)
Carryover to 2026 col. (e) minus col. (f) Current Year NOLs col. (d) minus col. (f) See instructions 3 2025 DIS 4 2025
*Type of NOL: General (GEN), New Business (NB), Eligible Small Business (ESB), or Disaster (DIS).
5 NOL carryover. Add the carryover amounts in column (h) that are not the result of a disaster loss 6 Disaster loss carryover. Enter the total loss carryover amounts in column (h) that are the result of disaster losses … 1 00 … 2 00 … 3 00 … 4 00 … 5 00

- … 6 00 … 5 00 … 6 00

FTB 3805V 2025 Side 3