JamesG1
Expert Alumni

Business & farm

You may choose to file your Federal tax return now and file your state tax return at a later time. 

 

This TurboTax Help explains how that is done. 

 

The exceptions to filing the form are listed here.

 

Form FTB 3801 is filed by individuals, estates, trusts, and S corporations that have losses (including prior year unallowed losses) from passive activities. Additional information for nonresidents, part-year residents, and S corporations is provided below.

 

Exceptions 

 

You do not have to file form FTB 3801 if you meet both of the following conditions: 

  • You have a net loss from rental real estate activities that is fully deductible under the special allowance for rental real estate.
  • You have no other passive activities.

@NelsonE

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