Changes to 2002 Forms
2002 Updates to Form 3805P
Revision Date: 04/30/2004
Revision Details: Revision to the Instructions: Flat Form, Page 2; 2002 Package X, Page 517.
The Internet version of the instructions has been revised due to the passage of AB 1115 in 2002. Nonresident taxpayers no longer receive a stepped-up basis for annual contributions and earnings on them simply because they were a nonresident when they made the contributions. The nonresident taxpayer's basis will be decreased and the nonresident taxpayer will owe additional tax on early distributions.
- Instructions for FTB 3805P, page 2, column 1, paragraph 3, 4th bullet,
It should read:
The part of your IRA distribution that represents a return of nondeductible contributions made before 1987;
A revised copy is available to download as of April 30, 2004.