California Credit Carryover and Recapture Summary

Credit Carryover and Recapture Summary
2023 California Form 3540 Credit Carryover and Recapture SummaryTAXABLE YEAR

2023

Credit Carryover and
Recapture Summary

CALIFORNIA FORM

3540

Attach to your California tax return.

□ SSN or ITIN  □ CA Corporation no.   □ FEIN

Name(s) as shown on your California tax return

California Secretary of State file number

Part I  Credit Carryover (See Credit Carryover, Specific Column Instructions.)
1

(a)
Code

(b)
Name of
repealed credit

(c)
Credit carryover available
from prior years

(d)
Credit carryover
used this year

(e)
Total credit assigned
this year

(f)
Credit carryover to
future years

a
b
c
d
e
Part II  Credit Recapture (See Credit Recapture Instructions.)
(a)
Total credit claimed for all years
2

a

b

Code 207
Farmworker Housing
Credit (FWHC)
Code 218
Environmental Tax Credit

For Privacy Notice, get FTB 1131 EN-SP.

(b)
Proration percentage

(c)
Credit recapture amount
column (a) x column (b)

360 months less number of months facility
operated ÷ 360 months

___.___ ___ ___ ___
Remaining term of 5 years ÷ 5 years

___.___ ___ ___ ___

7351233

Form 3540  2023

Extracted from PDF file 2023-california-form-3540.pdf, last modified November 2023

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More about the California Form 3540 Corporate Income Tax Tax Credit TY 2023

We last updated the Credit Carryover and Recapture Summary in February 2024, so this is the latest version of Form 3540, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 3540 directly from TaxFormFinder. You can print other California tax forms here.

Other California Corporate Income Tax Forms:

TaxFormFinder has an additional 174 California income tax forms that you may need, plus all federal income tax forms.

Form Code	Form Name
3805-Z Booklet	Enterprise Zone Business Booklet
Form 100-ES	Corporation Estimated Tax Estimated
Form 541 Schedule K-1	Beneficiary's Share of Income, Deductions, Credits, etc.
Form 3539 (Corp)	Payment for Automatic Extension for Corps and Exempt Orgs Voucher
Form 3537 (LLC)	Payment for Automatic Extension for LLCs Voucher

Download all CA tax forms View all 175 California Income Tax Forms

Form Sources:

California usually releases forms for the current tax year between January and April. We last updated California Form 3540 from the Franchise Tax Board in February 2024.

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Form 3540 is a California Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of California Form 3540

We have a total of thirteen past-year versions of Form 3540 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form 3540

2023 California Form 3540 Credit Carryover and Recapture Summary

2022 Form 3540

2022 California Form 3540 Credit Carryover and Recapture Summary

2021 Form 3540

2021 California Form 3540 Credit Carryover and Recapture Summary

2020 Form 3540

2020 Form 3540 Credit Carryover and Recapture Summary

2019 Form 3540

2019 California Form 3540 Credit Carryover and Recapture Summary

2018 Form 3540

2018 Form 3540 - Credit Carryover and Recapture Summary

2017 Form 3540

2017 Form 3540 - Credit Carryover and Recapture Summary

2016 Form 3540

2016 Form 3540 Credit Carryover and Recapture Summary

2015 Form 3540

2015 Form 3540 -- Credit Carryover and Recapture Summary

2014 Form 3540

2014 Form 3540 -- Credit Carryover and Recapture Summary

2013 Form 3540

2013 Form 3540 -- Credit Carryover and Recapture Summary

2012 Form 3540

2012 Form 3540

2011 Form 3540

2011 Form 3540 -- Credit Carryover Summary

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