Low-Income Housing Credit

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California Tax Form 3521: Low-Income Housing Credit

Use the California Tax Form Calculator California Tax Form 3521: Low-Income Housing Credit as a stand alone tax form calculator to quickly calculate specific amounts for your 2023 California state tax return. California Tax Form 3521: Low-Income Housing Credit is also integrated into our comprehensive California State Tax Calculator where you can complete and save your calculations for later use. Alternatively you can use one of our Combined Federal and California State Tax Estimator to quickly calculate your salary, tax and take home pay in California.

Low-Income Housing Credit
Part I Available Credit
1Has the eligible basis of any project or building decreased since you received form CTCAC 3521A from the California Tax Credit Allocation Committee?
  If “Yes,” complete Part III before continuing. See General Information C.
3Enter any affiliated corporation or pass-through low-income housing credits from other entities below. See instructions
Current year low-income housing credits from –(a)
Name of entity passing through the credit –
(b) Identification numbers – California corporation, FEIN, etc.(c)
Total amount of affiliated corporation or pass-through credit(s)
FTB 3521, line 10 of the affiliated corporation
Schedule K-1 (100S), line 13a
Schedule K-1 (541), line 13d
Schedule K-1 (565, 568), line 15b
If none of the amount on line 4 is from passive activities, enter -0-
10Corporations only: Amount of low-income housing credit allocated to affiliated corporations: See instructions.
Corporation nameCalifornia corporation numberAmount of credit allocated
Part II Carryover Computation
See instructions
(Do not include any assigned credit claimed on form FTB 3544A.)
If you are not a corporation, enter -0-. See instructions
Part III Basis Recomputations. Complete this part only if the basis in a project or building has decreased. Use additional sheets if necessary.
Building 1
Building 2
14Date building was placed in service (month/year)14
16Eligible basis of building. See General Information C16
17Low-income portion (lesser of unit percentage or floor-space percentage). See instructions17
18Qualified basis of low-income building. Multiply line 16 by line 1718
19Applicable percentage. See General Information B19
20Multiply line 18 by line 19. See Specific Line Instructions for Part I, line 220

Tip: use the California Tax Calculator to edit your refundable and non-refundable tax credits including California Tax Form 3521: Low-Income Housing Credit. Complete, Calculate, print and or save your tax calculation for later use.

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