4197: Information on Tax Expenditure Items (2024)
California · FTB · Used for tax years 2024
California Form 4197 reports information on tax expenditure items, including deductions, credits, exclusions, exemptions, and other items. It also reports deductions, credits, exclusions, and exemptions from pass-through entities and is attached to your California tax return.
What you'll need
Have the information requested on Form 4197 available:
- Name(s) as shown on your California tax return.
- Your applicable identification numbers. The form lists SSN or ITIN, California corporation number, FEIN, and California Secretary of State (SOS) file number.
- For Part I, codes and amounts for deductions, credits, exclusions, exemptions, and other items.
- For Part II, pass-through entity (PTE) codes and amounts for deductions, credits, exclusions, and exemptions from PTEs, plus deductions and credits claimed or used this year.
How to file
Attach your 2024 Form 4197 to Form 540, 540NR, 100, 100S, 100W, 109, 541, 565, or 568. The form directs you to see the instructions.
The supplied form text does not give a mailing address or e-filing directions.
Questions people ask
What information goes in Part I?
Part I has fields for codes, deductions claimed this year, credits generated this year, credits claimed or used this year, exclusions, exemptions, and other items.
Where do I report items from pass-through entities?
Part II is for deductions, credits, exclusions, and exemptions from pass-through entities (PTEs). It also has separate columns for deductions claimed this year and credits claimed or used this year.
Are credits generated and credits claimed reported separately?
Yes. Part I has separate columns for credits generated this year and credits claimed or used this year.
Where can I find the privacy notice?
The form says to get FTB 1131 EN-SP for the Privacy Notice.