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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.
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‎February 21, 2022
5:39 AM