Instructions For Form 1045 - Application For Tentative Refund

•

limiting the result to zero, and enter it

Taxable social security benefits,

You did not itemize deductions, or

•

on line 2 as a negative number.

IRA deductions,

The amounts on Schedule B, lines

•

Excludable savings bond interest,

3 through 5, are zero.

Line 3—Net Capital Loss

•

The exclusion of amounts received

Otherwise, complete lines 11 through

Deduction

under an employer’s adoption

38 and enter on line 7 the amount

assistance program,

from line 38 (or, if applicable, line 14

Individuals. Enter as a positive

•

The student loan interest

of the worksheet on page 9).

number the amount, if any, shown (or

deduction, and

as previously adjusted) on Schedule

•

Estates and trusts. Recompute the

The tuition and fees deduction.

D (Form 1040), line 21 (line 18 for

miscellaneous itemized deductions

For purposes of figuring the

2000 – 2003).

shown (or as previously adjusted) on

adjustment to each of these items,

Form 1041, line 15b, and any

Estates and trusts. Enter as a

your adjusted gross income is

casualty or theft losses shown (or as

positive number the amount, if any,

increased by the total of the amounts

previously adjusted) on Form 4684,

shown (or as previously adjusted) on

on line 3 and line 4. Do not take into

Casualties and Thefts, line 18 (line 20

Schedule D (Form 1041), line 16 (line

account any NOL carryback from

for 2005 and 2006; line 23 for 2008;

17 for 2000 – 2003).

2010 or later.

line 21 for 2009) by substituting

Line 4—Section 1202

In most cases, figure the

modified adjusted gross income (see

Exclusion

adjustment to each item of income or

below) for the adjusted gross income

deduction in the order listed above

of the estate or trust. Subtract the

Enter as a positive number any gain

and, when figuring the adjustment to

recomputed deductions and losses

excluded under section 1202 on the

each subsequent item, increase or

from the deductions and losses

sale or exchange of qualified small

decrease adjusted gross income by

previously shown, and enter the

business stock.

the total adjustments you figured for

difference on line 7.

Line 5—Domestic

the previous items. However, a

Modified adjusted gross income

special rule applies if you received

Production Activities

for estates and trusts. For

social security benefits and deducted

Deduction

purposes of figuring miscellaneous

IRA contributions. Use the

itemized deductions subject to the 2%

Enter as a positive number the

worksheets in Pub. 590, Individual

limit, figure modified adjusted gross

amount of any domestic production

Retirement Arrangements (IRAs), to

income by adding the following

activities deduction claimed on your

refigure your taxable social security

amounts to the adjusted gross

return.

benefits and IRA deductions under

income previously used to figure

the special rule.

Line 6—Adjustments to

these deductions.

Enter on line 6 the total

Adjusted Gross Income

•

The total of the amounts from lines

adjustments made to the listed items.

3 through 6 of Form 1045,

If you entered an amount on line 3 or

Attach a computation showing how

Schedule B.

line 4, you must refigure certain

you figured the adjustments.

•

The exemption amount shown (or

income and deductions based on

as previously adjusted) on Form

adjusted gross income. These

Line 7—Adjustment to

1041, line 20.

include:

Itemized Deductions

•

The special allowance for passive

The income distribution deduction

activity losses from rental real estate

Individuals. Skip this line if, for the

shown (or as previously adjusted) on

activities,

applicable carryback year:

Form 1041, line 18.

Mortgage Insurance Premiums Deduction Worksheet—Line 20

Keep for Your Records

Before you begin:

See the instructions for line 20 on page 8 to see if you must use this worksheet to refigure your

deduction.

Enter the total premiums you paid in the carryback year for mortgage insurance for a contract issued

after December 31, 2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.

Enter the amount from Form 1045, Schedule B, line 13 . . . . . . . . . . . . . . . . . . . . 2.

Enter $100,000 ($50,000 if married filing separately) . . . . . . . . . . . . . . . . . . . . . 3.

Is the amount on line 2 more than the amount on line 3?

No.

Your deduction is not limited. Enter the amount from line 19 on line 20 of

Form 1045, Schedule B, and enter -0- on line 21. Do not complete the

rest of this worksheet.

Yes. Subtract line 3 from line 2. If the result is not a multiple of $1,000 ($500 if

married filing separately), increase it to the next multiple of $1,000 ($500

if married filing separately). For example, increase $425 to $1,000,

increase $2,025 to $3,000; or if married filing separately, increase $425 to

$500, increase $2,025 to $2,500, etc. . . . . . . . . . . . . . . . . . . . . . . . . . 4.

Divide line 4 by $10,000 ($5,000 if married filing separately). Enter the result as a decimal. If the result is

1.0 or more, enter 1.0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.

Multiply line 1 by line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.

Refigured mortgage insurance premiums deduction. Subtract line 6 from line 1. Enter the result here

and on Form 1045, Schedule B, line 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.

-7-

Instructions for Form 1045 (2010)

Instructions For Form 1045 - Application For Tentative Refund - 2010 Page 7

Related Articles

Related forms

Related Categories