California Assets Transferred from Corporation to Insurance Company

Assets Transferred from Corporation to Insurance Company
2023 Form 3725 Assets Transferred from Corporation to Insurance Company
TAXABLE YEAR

2023

Assets Transferred from Corporation
to Insurance Company

CALIFORNIA FORM

3725

Attach to Form 100 or Form 100W.
Corporation (transferor) name

California corporation number

	FEIN

Part I

Assets Transferred from Corporation to Insurance Company

Section A – Information on Property Transferred
1

Was appreciated property transferred to an insurance company? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . □  Yes
If “Yes,” enter the insurance company’s name, California corporation number, and/or FEIN (see instructions), then
continue with line 2. If “No,” skip line 2 and line 3 and continue with Part II.

Insurance company (insurer) name

2

California corporation number

(a)
Taxable year

(b)
Description of
property transferred

(c)
Location of
property transferred

(d)
Date transferred
(mm/dd/yyyy)

(e)
Fair market value
(FMV) at date
of transfer

No

□ 

No

FEIN

Does the insurance company use the transferred property in the active conduct of the insurer’s trade or business? . . . . . . . . . . . □  Yes
If “Yes,” continue with line 3. If “No,” skip line 3, and continue with Part II.

Section B – Deferred Capital Gains. See instructions. Use additional sheets if necessary.

□ 

(f)
Adjusted basis of the
transferred property
on date of transfer

(g)
Amount of gain
deferred under R&TC
Section 24465
col. (e) less col. (f)

3

Part II Information on Stocks. See instructions.
4
5

Did the corporation transfer shares of stock to an insurer? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . □ Yes

□
□

a Did the insurer transfer, or otherwise dispose of any transferred stock received in this taxable year or a prior taxable year? . . □ Yes

If “Yes,” what was the cumulative percentage of transferred stock (measured by relative fair market value) that was
transferred or disposed of? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

No
%

.

b Was the insurer’s stock transferred or disposed of?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . □ Yes

No

□

No

If “Yes,” what was the cumulative percentage of the insurer’s stock (measured by relative fair market value) that was
transferred or disposed of? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 		 		 .	 		 %
6

Did the insurer issue additional, or cancel existing shares of stock during the taxable year?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . □ Yes
If “Yes,” answer lines 6a and 6b.

□

No

□

No

a Indicate the number of shares outstanding before such issuance or cancellation.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	
b Indicate the number of shares outstanding after such issuance or cancellation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	

	
 7

Did the transferred entity issue additional or cancel existing shares of stock during the taxable year? See instructions. . . . . . . . . □ Yes
If “Yes,” answer lines 7a and 7b.
a Indicate the number of shares outstanding before such issuance or cancellation.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	
b Indicate the number of shares outstanding after such issuance or cancellation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	

	
 8
9

Did the insurer or transferred entity issue another class of stock or type of equity interest? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . □ Yes

Did the equity interest in the transferred entity become worthless? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . □ Yes

7431233

FTB 3725  2023  Side 1

□
□

No
No

Part III
10
11

12
13

14

Assets Transferred from Insurance Company. See instructions.

Did the ownership of the holder of the transferred property change during the taxable year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . □ Yes
If “Yes,” go to line 11. If “No,” skip line 11.
Is the holder of the property held by an insurer in the commonly controlled group of the transferor or a member of the
taxpayer’s combined reporting group? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . □ Yes
If “Yes,” go to line 12. If “No,” complete Part IV.
Did the insurer dispose of, in whole or in part, any transferred property during the taxable year? . . . . . . . . . . . . . . . . . . . . . . . . . □ Yes
If “Yes,” go to line 13. If “No,” do not complete Part IV.
Did the insurer dispose of any transferred property to a member of the corporation/transferor’s combined
reporting group or to another insurer in the transferor’s commonly controlled group during the taxable year? . . . . . . . . . . . . . . □ Yes
If “Yes,” go to line 14. If “No,” the gain is taxable, complete Part IV.
Does the transferee use the property it received in the active conduct of a trade or business? . . . . . . . . . . . . . . . . . . . . . . . . . . . . □ Yes
If “Yes,” do not complete Part IV. If “No,” the gain is taxable, complete Part IV.

Part IV

□

No

□

No

□

No

□

No

□

No

Capital Gains and Losses

Section A – Short-Term Capital Gains and Losses - Assets Held One Year or Less. See instructions. Use additional sheets if necessary.
(a)
Taxable
year

(b)
Description of
property

(c)
Location of
property

(d)
Percentage
of property

(e)
Date
(mm/dd/yyyy)

(f)
Amount realized or
FMV

(g)
Adjusted basis of
property

(h)
Gain (loss)
col. (f) less col. (g)

15

16

Short-term capital gains (losses). Total amounts in column (h). Enter here and on Form 100 or Form 100W, Side 6,
Schedule D, Part I, line 1, column (f) or Schedule D (100S), Section A or Section B, Part I, line 1, column (f).
See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

Section B – Long-Term Capital Gains and Losses - Assets Held More Than One Year. See instructions. Use additional sheets if necessary.
(a)
Taxable
year

(b)
Description of
property

(c)
Location of
property

(d)
Percentage
of property

(e)
Date
(mm/dd/yyyy)

(f)
Amount realized or
FMV

(g)
Adjusted basis of
property

(h)
Gain (loss)
col. (f) less col. (g)

17

18

Long-term capital gains (losses). Total amounts in column (h). Enter here and on Form 100 or Form 100W, Side 6,
Schedule D, Part II, line 5, column (f) or Schedule D (100S), Section A or Section B, Part II, line 4, column (f).
See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

Sign
Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true,
correct, and complete.
Title
Date
Telephone
Signature of
corporation
(transferor)
officer
▶
Title
Date
Telephone
Signature
▶
of insurer

Side 2

FTB 3725 2023

7432233