California FTB Releases Form 3805Q for Net Operating Loss Computation, Disaster Loss Limitation

The California Franchise Tax Board Jan. 1 released a Form FTB 3805Q for computing net operating loss (NOL) and limiting NOL carryover and disaster loss carryover deductions for corporate income tax purposes. The form includes instructions and fields for providing current and prior year NOLs. [Cal. Franchise Tax Bd., Form FTB 3805Q, 01/01/20]

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