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California Tax Form 3540: Credit Carryover and Recapture Summary

Use the California Tax Form Calculator California Tax Form 3540: Credit Carryover and Recapture Summary as a stand alone tax form calculator to quickly calculate specific amounts for your 2018 California state tax return. California Tax Form 3540: Credit Carryover and Recapture Summary 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.

Credit Carryover and Recapture Summary
Part I – Credit Carryover
(a)
Code
(b)
Name of repealed credit
(c)
Credit carryover available from prior years
(d)
Credit carryover used this year
(e)
Total credit assigned this year
(f)
Credit carryover to future years
Part II – Credit Recapture (See Credit Recapture Instructions)
Employer Childcare Program Credit (ECPC)(a)
Total credit claimed for all years
(b)
Proration percentage: (60 months less number of months facility operated ÷ 60 months)
(c)
Credit recapture amount column (a) x column (b)
Code 189
Farmworker Housing Credit (FWHC)(a)
Total credit claimed for all years
(b)
Proration percentage: (360 months less number of months facility operated ÷ 360 months)
(c)
Credit recapture amount column (a) x column (b)
Code 207
Community Development Financial Institution Investment Credit(a)
Total credit claimed for all years
(b)
Proration percentage: If the qualified investment is withdrawn before the end of 60 months and not reinvested within 60 days, enter 1.0000. If the qualified investment is reduced before the end of the 60th month, but not below $50,000, enter 0.2000
(c)
Credit recapture amount column (a) x column (b)
Code 209

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