Use the California Tax Form Calculator California Tax Form 3805e: Installment Sale Income as a stand alone tax form calculator to quickly calculate specific amounts for your 2023 California state tax return.
|2a Date acquired (mm/dd/yyyy) ▸ 2b Date sold (mm/dd/yyyy) ▸|
|3||Was the property sold to a related party after December 31, 1980? If "No," skip line 4|| |
|4||Was the property you sold to a related party a marketable security?|| |
|If you checked “Yes,” complete Part III. If you checked “No,” complete Part III for the year of sale and for 2 years after the year of sale.|
|Part I Gross Profit and Contract Price. Complete this part for the year of sale only.|
|Part II Installment Sale Income. Complete this part for the year of sale and any year you receive a payment or have certain debts you must treat as payments on installment obligations.|
|Part III Related Party Installment Sale Income. Do not complete this part if you received the final installment payment this taxable year.|
|28||Did the related party, during this taxable year, resell or dispose of the property (“second disposition”)?|| |
|29||If you checked “Yes,” on line 28, complete lines 30 through 37 below unless one of the following conditions is met. Check only the box that applies|
|The second disposition was more than two years after the first disposition (other than dispositions of marketable securities). If this box is checked, enter the date of the disposition (mm/dd/yyyy|
|The first disposition was a sale or exchange of stock to the issuing corporation.|
|The second disposition was an involuntary conversion where the threat of conversion occurred after the first disposition.|
|The second disposition occurred after the death of the original seller or buyer.|
|It can be established to the satisfaction of the Franchise Tax Board that tax avoidance was not a principal purpose for either of the dispositions. If you check this box, attach an explanation.|
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