FL-150 versus FL-142
Published October 27, 2026
Two California forms with similar numbers get mixed up all the time. The FL-150, Income and Expense Declaration, is about money moving each month: what comes in and what goes out. The FL-142, Schedule of Assets and Debts, is about what you own and owe at a point in time. In a divorce you usually meet both in the same packet. This guide sets them side by side. It is general information, not legal advice.
Side by side
| FL-150 | FL-142 | |
|---|---|---|
| Full name | Income and Expense Declaration | Schedule of Assets and Debts |
| Current revision | Rev. September 1, 2024 | Rev. January 1, 2005 |
| What it covers | Income, deductions, monthly expenses, people in the household, totals of assets | Each asset and each debt: real estate, accounts, vehicles, retirement, business interests, loans, cards |
| Time frame | "Last month" and a 12-month average for income; average monthly expenses | "All values should be as of the date of signing the declaration unless you specify a different valuation date" |
| Bank statements | Not an attachment; used to work out the averages | "Attach copy of latest statement" for each savings, checking and credit union account and each credit card |
| Filed with the court? | Yes, with a request for support orders and with a response to one; no, when served as disclosure | Printed at the top: "THIS FORM SHOULD NOT BE FILED WITH THE COURT" |
| Signed | Under penalty of perjury | Under penalty of perjury |
Where they meet: the preliminary declaration of disclosure
In a dissolution, legal separation or nullity case, each party serves a preliminary declaration of disclosure on the other, using form FL-140. FL-140 lists what is attached:
- A Schedule of Assets and Debts (form FL-142) or a Property Declaration (form FL-160).
- An Income and Expense Declaration (form FL-150).
- All tax returns filed by the party in the two years before serving the disclosure.
- Statements of material facts about community assets and obligations, and a written disclosure of certain investment or business opportunities.
FL-140 says neither the preliminary nor the final disclosure is filed with the court. Instead, a declaration saying the disclosure was served goes to the court on form FL-141. The timing is covered in when the FL-150 is filed or served.
Where they overlap
The FL-150 has its own small asset section. Item 11 asks for totals: "Cash and checking accounts, savings, credit union, money market, and other deposit accounts", "Stocks, bonds, and other assets I could easily sell", and "All other property, real and personal (estimate fair market value minus the debts you owe)". The FL-142 lists the same accounts one by one, with the latest statement attached. Same accounts, different level of detail.
Debts overlap in a similar way. The FL-142 lists each debt and the total owing, including credit cards (item 23) and unsecured loans (item 22). The FL-150's item 14 lists "Installment payments and debts not listed above" with the monthly amount, balance and date of last payment. The purchases you made on a card belong to neither: they are expenses in the FL-150's item 13 lines. See credit card payments versus purchases.
Which statements each one uses
- FL-150: a year of activity. Averages come from adding up transactions over 12 months, so you work from every monthly statement for each account. See how many bank statements for the FL-150.
- FL-142: one balance per account, as of the date you sign, with a copy of the latest statement attached.
The separate property column
The FL-142 has a column for separate property. Its instructions say: "If you contend an asset or debt is separate, put P (for Petitioner) or R (for Respondent) in the first column (separate property) to indicate to whom you contend it belongs." Whether something is separate or community property is a legal question. That decision is yours to make with a lawyer or the self-help center, not something a calculation can answer.
Financial Affidavit Numbers works on the FL-150 side: monthly averages by form line from your statements, with a schedule of the transactions behind each one. It does not cover the FL-142, and it does not fill in either form; you copy the figures onto the court's forms yourself.
Common questions
What is the FL-142?
California's Schedule of Assets and Debts (Rev. January 1, 2005). It lists each asset and debt with its value or amount owed, generally as of the date you sign, with copies of the latest statements for accounts and cards. It is one of the attachments to the preliminary declaration of disclosure.
Is the FL-142 filed with the court?
The form says at the top: 'THIS FORM SHOULD NOT BE FILED WITH THE COURT'. It is served on the other party as part of disclosure, and a declaration of service (form FL-141) is what gets filed.
Do I need both the FL-150 and the FL-142?
In a dissolution, legal separation or nullity case, form FL-140 lists both among the preliminary disclosure attachments, with the Property Declaration (FL-160) as an alternative to the FL-142. A request for support orders uses the FL-150.
What is the difference between the FL-142 and the FL-150?
The FL-150 is income and expenses: money moving each month, with last-month and 12-month average figures. The FL-142 is assets and debts: what you own and owe at a point in time.
Turn your bank and card statements into monthly figures by form line →More guides: FL-150 monthly averages from bank statements · How many bank statements for the FL-150 · FL-150 item 13, line by line · FL-150 last month vs average monthly · When the FL-150 is filed or served · Florida short form vs long form · Florida: weekly and biweekly to monthly · Florida financial affidavit, section by section · Florida financial affidavit deadline · Credit card payments vs purchases · Transfers between your own accounts · Irregular income on a financial affidavit · Financial affidavit tools compared · A financial affidavit in a spreadsheet