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pinniy
New Member

California State Review says that Form 5805: Part III Line 4 must be entered. Can someone explain what needs to be provided there ?

 
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SabrinaD2
Expert Alumni

California State Review says that Form 5805: Part III Line 4 must be entered. Can someone explain what needs to be provided there ?

Form 5805 is used to calculate the penalty for underpayment of estimated tax by individuals and fiduciaries. Part III Line 4 specifically requires you to enter your:  

  1. Itemized deductions for the period shown in each  column.
  2. If you do not itemize deductions, enter -0- here and  on line 6. 
  3. Estates or Trusts, enter -0- here, skip to line 9,  and enter the amount from line 3 on line 9 

: Franchise Tax Board Instructions for Form 5805

: Franchise Tax Board Form 5805

 

 

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