3804-CR: 3804-CR, Pass-Through Entity Elective Tax Credit (2024)
California · FTB · Used for tax years 2024
California Form 3804-CR reports elective tax credits from electing qualified pass-through entities. It totals available credits, including prior-year carryovers, and shows the amount claimed on the current-year tax return and the carryover available for future years.
Who files this form
Form FTB 3804-CR is used to report pass-through entity (PTE) elective tax credits, the amount claimed on your California tax return, and credit carryovers. The 2024 form says to attach it to your California tax return.
What you'll need
Have the following information ready:
- Your name as shown on your California tax return and your SSN, ITIN, or FEIN, as applicable. The form directs SMLLCs to see the instructions for the name entry.
- Each electing qualified PTE's name, entity identification number, and elective tax credit amount.
- Any credit carryover from the prior year.
- The credit amount claimed on your current-year California tax return.
How to file
Attach Form FTB 3804-CR to your California tax return. The supplied form does not give a mailing address or e-file directions.
- In Part I, list each electing qualified PTE, its identification number, and its credit amount. Add the amounts in column (c) and enter the total on line 2.
- In Part II, enter the total credit from electing qualified PTEs and any prior-year credit carryover. Add lines 1 and 2 to find the total available credit.
- Enter the credit claimed on the current-year return on line 4. Subtract line 4 from line 3 to find the carryover available for future years.
The form refers to separate instructions for certain entries, but those instructions were not supplied.
Questions people ask
Can I list credits from more than one PTE?
Yes. Part I provides rows a through j for electing qualified PTE names, identification numbers, and credit amounts.
Where do I enter a prior-year credit carryover?
Enter it in Part II, line 2.
How do I calculate my total available credit?
Add Part II, line 1, the total credit from electing qualified PTEs, and line 2, the prior-year carryover. Enter the total on line 3.
How do I calculate the carryover available for future years?
Subtract the credit claimed on the current-year return, Part II, line 4, from the total available credit on line 3. Enter the result on line 5.
Do I attach this form to my California tax return?
Yes. The form says to attach it to your California tax return.