California Sale of Credit Attributable to an Independent Film (Fill-in)

Sale of Credit Attributable to an Independent Film (Fill-in)
2023 California Form 3551 Sale of Credit Attributable to an Independent Film
TAXABLE YEAR

2023

Sale of Credit Attributable to an
Independent Film

CALIFORNIA FORM

3551

Part I Seller and Buyer Information. See instructions.
□ Check the box if the seller is a single member limited liability company (SMLLC).
If you are an LLC please choose the appropriate box selecting your election to be treated as a

Seller
Buyer

□ partnership □ corporation

□ SSN or ITIN □ CA Corporation no. □ FEIN

Name on CFC Tax Credit Certificate. All sellers complete.
Address (suite, room, PO box, or PMB no.)

CA Secretary of State file number

City

State

Partner, member, or shareholder name. Leave blank, if same name as above.

□ SSN or ITIN □ CA Corporation no. □ FEIN

Address (suite, room, PO box, or PMB no.)

CA Secretary of State file number

City

State

Buyer name

□ SSN or ITIN □ CA Corporation no. □ FEIN

Address (suite, room, PO box, or PMB no.)

CA Secretary of State file number

City

State

Zip code

Zip code

Zip code

Part II Independent Film Questionnaire. See instructions.
1. Is the credit being sold attributable to an independent film? See instructions, General Information B, Definitions.
□  Yes. Go to question 2.
□ No. Stop. The credit cannot be sold. Only a credit attributable to an independent film can be sold. Do not complete the rest of the form.
2. To determine if the credit can be sold, answer the following questions:
a Did you purchase the credit from another taxpayer? . . . □ Yes □ No
b Is the credit being sold to more than one taxpayer? . . . □ Yes □ No
c Is the buyer a related party? . . . . . . . . . . . . . . . . . . . . . □ Yes □ No
If you answer “Yes” to any of the questions, STOP. The credit cannot be sold. Do not complete the rest of the form.
If you answer “No” to all of the questions (in question 2), go to question 3.
3. Did this credit pass-through more than one entity? . . . . . . □ Yes □ No
If you answer “Yes,” you are required to attach an additional schedule (see instructions for Part II), then go to Part III. If “No,” go to Part III.
Part III
4

Credit Information. See instructions.

From CFC Tax Credit Certificate, enter:

5 Final Tax Credit amount shown on
certificate.

6

Total amount of distributive share of credit if seller is a
partner, member, or shareholder. See instructions.

8 Total amount of consideration
received.

9

Total amount of credit seller applied or will apply to CDTFA
qualified sales and use taxes.

Tax Credit Certificate No.:
Seller’s Permit No.:
7

Total amount of credit being sold.

Sign
Here

Seller’s or
Officer’s
signature

Title

Date

Telephone

▶

Preparer’s
signature

Date

▶
Paid
Preparer’s Firm’s name (or yours,
Use Only if self-employed)
▶		

Check if selfemployed ▶

PTIN

□

and address

Telephone

May the FTB discuss this form with the preparer shown above? . . . . . . . . . . . . . . . . . . . . . .

For Privacy Notice, get FTB 1131 EN-SP.

Firm’s FEIN

8291233

□  Yes □ No

FTB 3551 2022 Side 1