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State of California Franchise Tax Board

Changes to 2005 Forms

2005 Updates to FTB 3801 Instructions

Revision Date: 06/29/2007

Revision Details:This revision is needed so that the taxpayer reports the correct amount of passive activity loss on the correct form, which is needed to arrive at the correct amount of net income after state adjustments for an S Corporation.

Page 4 of 2005 3801 Instructions; Page 584 of Package X

  • Page 4 of instructions, first column, under S Corporations, number 4, last bullet

It should read:

If the result is negative, enter the result on Form 100S, line 13 as a positive amount.

If the taxpayers followed our current instruction they may report their passive activity loss for an S corporation on a C corporation's form.

The internet version is available for download.

Back to Tax Form Changes for 2005

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