Assets Transferred from Corporation to Insurance Company

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 2024 California state tax return.

Assets Transferred from Corporation to Insurance Company
Part I Assets Transferred from Corporation to Insurance Company
Section A – Information on Property Transferred
1	Was appreciated property transferred to an insurance company?							Yes No
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.
2	Does the insurance company use the transferred property in the active conduct of the insurer’s trade or business?							Yes No
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)
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Part II Information on Stocks. See instructions
4	Did the corporation transfer shares of stock to an insurer?							Yes No
5	a Did the insurer transfer, or otherwise dispose of any transferred stock received in this taxable year or a prior taxable year?							Yes No
	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?.							Yes No
	f “Yes,” what was the cumulative percentage of the insurer’s stock (measured by relative fair market value) that was transferred or disposed of?							%
6	Did the insurer issue additional, or cancel existing shares of stock during the taxable year? If “Yes,” answer lines 6a and 6b.							Yes No
	a Indicate the number of shares outstanding before such issuance or cancellation							%
	b Indicate the number of shares outstanding after such issuance or cancellation							%
7	Did the transferred entity issue additional or cancel existing shares of stock during the taxable year? See instructions. If “Yes,” answer lines 7a and 7b.							Yes No
	a Indicate the number of shares outstanding before such issuance or cancellation							%
	b Indicate the number of shares outstanding after such issuance or cancellation							%
8	Did the insurer or transferred entity issue another class of stock or type of equity interest?							Yes No
9	Did the equity interest in the transferred entity become worthless?							Yes No
Part III Assets Transferred from Insurance Company. See instructions.
10	Did 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.							Yes No
11	Is 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							Yes No
12	Did 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							Yes No
13	Did 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							Yes No
14	Does 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.							Yes No
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)
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16	Short-term capital gains (losses). Total amounts in column (h). Enter here and on Form 100 or Form 100W, Side 6, Schedule D, Part I, line 1, column (f) or Schedule D (100S), Section A or Section B, Part I, line 1, column (f). See instructions							16
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)
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18	Long-term capital gains (losses). Total amounts in column (h). Enter here and on Form 100 or Form 100W, Side 6, Schedule D, Part II, line 5, column (f) or Schedule D (100S), Section A or Section B, Part II, line 4, column (f). See instructions							18

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