Instructions For Form 1045 - Application For Tentative Refund - 2009 Page 8
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11•
NOLs that occurred in tax years
The exclusion of amounts received
by substituting modified adjusted
before 2009 and are otherwise
under an employer’s adoption
gross income (see below) for the
allowable as carrybacks or
assistance program,
adjusted gross income of the estate
•
carryovers.
The student loan interest
or trust. Subtract the recomputed
deduction, and
deductions and losses from the
Note. If your taxable income is
•
The tuition and fees deduction.
deductions and losses previously
shown as zero on your tax return (or
shown, and enter the difference on
For purposes of figuring the
as previously adjusted) for any
line 7.
adjustment to each of these items,
carryback year, refigure it without
Modified adjusted gross income
your adjusted gross income is
limiting the result to zero, and enter it
for estates and trusts. For
increased by the total of the amounts
on line 2 as a negative number.
purposes of figuring miscellaneous
on line 3 and line 4. Do not take into
Line 3—Net Capital Loss
itemized deductions subject to the 2%
account any NOL carryback from
limit, figure modified adjusted gross
2009 or later.
Deduction
income by adding the following
Generally, figure the adjustment to
Individuals. Enter as a positive
amounts to the adjusted gross
each item of income or deduction in
number the amount, if any, shown (or
income previously used to figure
the order listed above and, when
as previously adjusted) on Schedule
these deductions.
figuring the adjustment to each
•
D (Form 1040), line 21 (line 18 for
The total of the amounts from lines
subsequent item, increase or
1999 – 2003).
3 through 6 of Form 1045,
decrease adjusted gross income by
Schedule B.
Estates and trusts. Enter as a
the total adjustments you figured for
•
The exemption amount shown (or
positive number the amount, if any,
the previous items. However, a
as previously adjusted) on Form
shown (or as previously adjusted) on
special rule applies if you received
1041, line 20.
Schedule D (Form 1041), line 16 (line
social security benefits and deducted
•
The income distribution deduction
17 for 1999 – 2003).
IRA contributions. Use the
shown (or as previously adjusted) on
worksheets in Pub. 590, Individual
Line 4—Section 1202
Form 1041, line 18.
Retirement Arrangements (IRAs), to
Exclusion
For purposes of figuring casualty
refigure your taxable social security
or theft losses, figure modified
benefits and IRA deductions under
Enter as a positive number any gain
adjusted gross income by adding the
the special rule.
excluded under section 1202 on the
total of the amounts from lines 3
sale or exchange of qualified small
Enter on line 6 the total
through 6 of Form 1045, Schedule B,
business stock.
adjustments made to the listed items.
to the adjusted gross income
Attach a computation showing how
previously used to figure these
Line 5—Domestic
you figured the adjustments.
losses.
Production Activities
Line 7—Adjustment to
Line 10—NOL Carryover
Deduction
Itemized Deductions
Generally, subtract line 9 from line 1.
Enter as a positive number the
If zero or less, enter -0-. After
amount of any domestic production
Individuals. Skip this line if, for the
completing all applicable columns,
activities deduction claimed on your
applicable carryback year:
•
carry forward to 2010 the amount, if
return.
You did not itemize deductions, or
•
any, on line 10 of the column for the
The amounts on Schedule B, lines
Line 6—Adjustments to
1st preceding tax year.
3 through 5, are zero.
Adjusted Gross Income
Otherwise, complete lines 11 through
Special Rules for Certain 5-year
38 and enter on line 7 the amount
NOL Carrybacks. If you make an
If you entered an amount on line 3 or
from line 38 (or, if applicable, line 14
election to carry back a 2008 or 2009
line 4, you must refigure certain
of the worksheet on page 10).
NOL for 5 years, follow the rules
income and deductions based on
below for the 5th preceding tax year.
adjusted gross income. These
Estates and trusts. Recompute the
include:
miscellaneous itemized deductions
Carryback under Rev. Proc.
•
The special allowance for passive
shown (or as previously adjusted) on
2009-52. The amount of the NOL
activity losses from rental real estate
Form 1041, line 15b, and any
that is absorbed in the 5th preceding
activities,
casualty or theft losses shown (or as
tax year is limited to 50 percent of
•
Taxable social security benefits,
previously adjusted) on Form 4684,
modified taxable income for such a
•
IRA deductions,
Casualties and Thefts, line 18 (line 20
tax year (determined without regard
•
Excludable savings bond interest,
for 2005 and 2006; line 23 for 2008)
to the NOL for the loss year or any
Worksheet for NOL Carryover—Line 10
Keep for Your Records
Before you begin:
See the instructions for line 10 above to see if you must use this worksheet.
1.
Enter NOL deduction (line 1 of Schedule B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.
2.
Enter NOL applicable to 5-year carryback provisions other than Rev. Proc. 2009-52 . . . . . . . . . . 2.
3.
Enter modified taxable income (line 9 of Schedule B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.
4.
Multiply line 3 by 50% (.50) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.
5.
Add line 2 and line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.
6.
Enter the smallest of line 1, line 3, or line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.
7.
Subtract line 6 from line 1. Enter this amount on Schedule B (Form 1045), line 10 . . . . . . . . . . . . 7.
-8-
Instructions for Form 1045 (2009)
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial