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California Tax Form 3725: Assets Transferred from Corporation to Insurance Company

Use the California Tax Form Calculator California Tax Form 3725: Assets Transferred from Corporation to Insurance Company as a stand alone tax form calculator to quickly calculate specific amounts for your 2018 California state tax return. California Tax Form 3725: Assets Transferred from Corporation to Insurance Company 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.

Assets Transferred from Corporation to Insurance Company
Part I Assets Transferred from Corporation to Insurance Company
Section A – Information on Property Transferred
1Was appreciated property transferred to an insurance company?
If “Yes,” enter the insurance company’s name, California corporation number, and/or FEIN (see instructions), then continue with line 2. If “No,” skip line 2 and line 3 and continue with Part II.
2Does the insurance company use the transferred property in the active conduct of the insurer’s trade or business?
If “Yes,” continue with line 3. If “No,” skip line 3, and continue with Part II.
Section B – Deferred Capital Gains. See instructions . Use additional sheets if necessary
(a)
Taxable year
(b)
Description of property transferred
(c)
Location of property transferred
(d)
Date transferred (mm/dd/yyyy)
(e)
Fair market value (FMV) at date of transfer
(f)
Adjusted basis of the transferred property on date of transfer
(g)
Amount of gain
deferred under
R&TC Section 24465
col (e) less col (f)
3
Part II Information on Stocks. See instructions
4Did the corporation transfer shares of stock to an insurer?
5a   Did the insurer transfer, or otherwise dispose of any transferred stock received in this taxable year or a prior taxable year?
If “Yes,” what was the cumulative percentage of transferred stock (measured by relative fair market value) that was transferred or disposed of?%
b   Was the insurer’s stock transferred or disposed of?.
f “Yes,” what was the cumulative percentage of the insurer’s stock (measured by relative fair market value) that was transferred or disposed of?%
6Did the insurer issue additional, or cancel existing shares of stock during the taxable year?
If “Yes,” answer lines 6a and 6b.

a   Indicate the number of shares outstanding before such issuance or cancellation%
b   Indicate the number of shares outstanding after such issuance or cancellation%
7Did the transferred entity issue additional or cancel existing shares of stock during the taxable year? See instructions. If “Yes,” answer lines 7a and 7b.
a   Indicate the number of shares outstanding before such issuance or cancellation%
b   Indicate the number of shares outstanding after such issuance or cancellation%
8Did the insurer or transferred entity issue another class of stock or type of equity interest?
9Did the equity interest in the transferred entity become worthless?
Part III Assets Transferred from Insurance Company. See instructions.
10Did the ownership of the holder of the transferred property change during the taxable year?
If “Yes,” go to line 11. If “No,” skip line 11.

11Is the holder of the property held by an insurer in the commonly controlled group of the transferor or a member of the taxpayer’s combined reporting group?
If “Yes,” go to line 12. If “No,” complete Part IV

12Did the insurer dispose of, in whole or in part, any transferred property during the taxable year?
If “Yes,” go to line 13. If “No,” do not complete Part IV

13Did the insurer dispose of any transferred property to a member of the corporation/transferor’s combined reporting group or to another insurer in the transferor’s commonly controlled group during the taxable year?
If “Yes,” go to line 14. If “No,” the gain is taxable, complete Part IV

14Does the transferee use the property it received in the active conduct of a trade or business?
If “Yes,” do not complete Part IV. If “No,” the gain is taxable, complete Part IV.

Part IV Capital Gains and Losses
Section A – Short-Term Capital Gains and Losses - Assets Held One Year or Less. See instructions . Use additional sheets if necessary
(a)
Taxable Year
(b)
Description of property
(c)
Location of property
(d)
Percentage of property
(e)
Date (mm/dd/yyyy)
(f)
Amount realized or FMV
(g)
Adjusted basis of property
(h)
Gain (loss) col (f) less col (g)
15
1616
Section B – Long-Term Capital Gains and Losses - Assets Held More Than One Year. See instructions . Use additional sheets if necessary
(a)
Taxable Year
(b)
Description of property
(c)
Location of property
(d)
Percentage of property
(e)
Date (mm/dd/yyyy)
(f)
Amount realized or FMV
(g)
Adjusted basis of property
(h)
Gain (loss) col (f) less col (g)
15
1818

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