3805Q: Net Operating Loss (NOL) Computation and NOL and Disaster Loss Limitations - Corporations (2024)
California · FTB · Used for tax years 2024
California Form 3805Q calculates a corporation’s current-year net operating loss (NOL), NOL and disaster loss carryover limitations, and 2024 NOL deduction. It tracks loss amounts used in 2024 and carryovers to 2025 and is attached to Form 100, Form 100W, Form 100S, or Form 109.
Who files this form
California Form 3805Q is used to compute a corporation’s current-year net operating loss (NOL) and its NOL and disaster loss carryover limitations and deductions for 2024.
The form lists C corporations, S corporations, exempt organizations, and limited liability companies electing to be taxed as corporations. It is attached to Form 100, Form 100W, Form 100S, or Form 109.
What you'll need
Have the information requested on the form ready:
- Corporation name, California corporation number, and FEIN.
- Any prior corporate name under which California returns were filed, along with the California corporation number.
- Income or loss amounts from Form 100, Form 100W, Form 100S, or Form 109.
- Any 2024 disaster loss included in the current-year net loss.
- Amounts of losses incurred by a new business or eligible small business.
- Prior loss details, including the year of loss, NOL type, initial loss, and carryover from 2023.
How to file
Attach the completed 2024 Form 3805Q to Form 100, Form 100W, Form 100S, or Form 109.
Part III tells you where to report the deductions:
- Disaster loss carryover deduction: Form 100, line 21; Form 100W, line 21; or Form 100S, line 19. Form 109 filers enter zero on Form 3805Q, Part III, line 2.
- The remaining NOL deduction: Form 100, line 19; Form 100W, line 19; Form 100S, line 17; or Form 109, line 7.
The supplied form text does not give a mailing address or e-filing directions.
Common mistakes
- Do not enter negative amounts for the net loss on Part I, line 1, or the disaster loss on line 2. The form says to enter both as positive numbers.
- If Part I, line 3, is zero or less, enter zero and see the instructions.
- If the corporation has no current-year NOL, go directly to Part II.
- Do not enter less than zero for net income on Part II, line 1. If taxable income is $1,000,000 or more, the form directs you to the instructions.
- Form 109 filers must enter zero on Part III, line 2.
- If the corporation is included in a combined report of a unitary group, the form directs you to General Information C, Combined Reporting, in the instructions.
Questions people ask
What does NOL mean?
NOL means net operating loss.
Which loss types are listed on the form?
The form lists General (GEN), New Business (NB), Eligible Small Business (ESB), and Disaster (DIS).
Do I complete Part I if there is no current-year NOL?
No. The form says to go to Part II if the corporation does not have a current-year NOL.
How is the carryover to 2025 shown?
Part II, column (h), shows the carryover to 2025 as column (e), carryover from 2023, minus column (f), amount used in 2024.