This document contains official instructions for Form FTB3885 , Corporation Depreciation and Amortization - a form released and collected by the California Franchise Tax Board.
Q: What is Form FTB3885?
A: Form FTB3885 is a form used by corporations in California to calculate and report depreciation and amortization deductions.
Q: Who needs to file Form FTB3885?
A: Corporations in California that have depreciation and amortization deductions need to file Form FTB3885.
Q: What is depreciation?
A: Depreciation is the deduction of the cost of an asset over its useful life.
Q: What is amortization?
A: Amortization is the deduction of the cost of intangible assets over a specific time period.
Q: How do I complete Form FTB3885?
A: You need to provide information about the asset, its cost, the depreciation method, and the applicable tax year.
Q: When is the deadline to file Form FTB3885?
A: The deadline to file Form FTB3885 is the same as the deadline to file your California corporate tax return.
Q: Can I e-file Form FTB3885?
A: Yes, you can e-file Form FTB3885 if you are filing your California corporate tax return electronically.
Q: Do I need to attach any documents with Form FTB3885?
A: You may need to attach supporting documents, such as schedules and calculations, depending on your specific situation.
Instruction Details:
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