Form 3521-2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering your name(s) as shown on your California tax return, along with your SSN, Corporation number, or FEIN in the designated fields.
3. In Part I, assess if the eligible basis of any project has decreased since receiving form CTCAC 3521A. Select 'Yes' or 'No' accordingly.
4. Complete line 2 by entering the current year credit amount as per instructions provided.
5. For line 3, enter any affiliated corporation or pass-through low-income housing credits from other entities. Ensure you have the correct identification numbers ready.
6. Continue filling out lines 4 through 11 by following the specific instructions for each line regarding calculations and entries related to low-income housing credits.
7. If applicable, move to Part II for carryover computation and follow similar steps for lines 12a and 12b.
8. Finally, if necessary, complete Part III for basis recomputations only if there has been a decrease in basis.

Start using our platform today to fill out form 3521 easily and for free!