Form FTB 3805V (2024) — Net Operating Loss (NOL) Computation and NOL and Disaster Loss Limitations

# TAXABLE YEAR CALIFORNIA FORM

Net Operating Loss (NOL) Computation and NOL and
2024 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 2024 Form 540, line 17. If negative, use brackets. Estates and Trusts, begin on line 3 … 1 00 2 Itemized deductions or standard deduction from 2024 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 2024 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 2024 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*
*Type of NOL: General (GEN), New Business (NB), Eligible Small Business (ESB), or Disaster (DIS).
(d)
Initial loss
(e)
Carryover from 2023
(f)
Amount used in 2024
(h)
Carryover to 2025 col. (e) minus col. (f) Current Year NOLs col. (d) minus col. (f) See instructions 3 2024 DIS 4 2024 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 2024 Side 3