Excess Business Loss Limitation – The federal CARES Act made amendments to IRC Section 461 (l) by eliminating the excess business loss limitation of noncorporate taxpayers for taxable year 2020 and retroactively removing the limitation for taxable years 2018 and 2019. California does not conform to those amendments.
Specific Line Instructions
File Form 109 for calendar year 2021, and for a fiscal year beginning in 2021. Fiscal year filers complete the tax year information on the top of Side 1. Include the month, day, and year for that taxable period.
The expiration dates for the credits listed below have passed. However, these credits had carryover provisions. You may claim these credits only if there is a carryover available from prior years. If you are not required to complete Schedule P (100 or 541), get form FTB 3540 to figure your credit carryover to future years.
How to Get California Tax Information
Use our automated phone service to get recorded answers to many of your questions about California taxes and to order current year California business entity tax forms and publications. This service is available in English and Spanish to callers with touch-tone telephones.