1117: Request to Terminate Water's-Edge Election (2025)
California · FTB · Used for tax years 2025
California Form 1117 requests approval to terminate a water's-edge election. It records the election's beginning date, the requested termination effective date, the basis for termination, and the taxpayers making the request.
Who files this form
Form 1117 is for taxpayers requesting to terminate a California water’s-edge election. The form includes a section to list each taxpayer requesting termination.
What you'll need
Have the following information ready:
- Corporation name as shown on the original water’s-edge tax return, key California corporation number, and address.
- Taxable year ending date when the requested termination would take effect, and the beginning date of the water’s-edge election.
- An explanation of the basis for requesting termination.
- Each requesting taxpayer’s name, California corporation number, and FEIN.
- Signing officer’s title and the contact person’s name and telephone number.
Attach additional sheets if needed for your explanation or list of taxpayers.
How to file
Fill out the form completely:
- Enter the corporation’s identifying information and address.
- In Part I, enter both dates in mm/dd/yyyy format.
- In Part II, explain the basis for requesting termination.
- In Part III, list the taxpayers requesting termination.
- Have an officer sign and date the form, enter their title, and provide the contact information.
File Form 1117 separately from the tax return. The provided form does not give a mailing address or e-file instructions.
Do not change the method of filing until the Franchise Tax Board has approved the request.
Common mistakes
- Leaving the form incomplete. The form directs you to fill it out completely.
- Changing the method of filing before approval. Wait until the Franchise Tax Board approves the request.
- Filing Form 1117 with the tax return. It must be filed separately.
Questions people ask
Which dates do I enter in Part I?
Enter the taxable year ending date when the requested termination would take effect and the beginning date of the water’s-edge election. Use mm/dd/yyyy format.
Can I attach extra pages?
Yes. The form allows additional sheets for the explanation in Part II and the taxpayer list in Part III.
Who signs the form?
An officer signs the form and provides their title and the date. The signature declaration covers the form and accompanying schedules and statements, under penalties of perjury.
Can I change the method of filing as soon as I submit the request?
No. The form says not to change the method of filing until the Franchise Tax Board has approved the request.