Publication 536 - Net Operating Losses (Nols) For Individuals, Estates, And Trusts - Internal Revenue Service - 2006 Page 13
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193
Form 1045 (2006)
Page
Schedule B—NOL Carryover (see page 6 of the instructions)
Complete one column before going to the
next column. Start with the earliest
2nd
preceding
preceding
preceding
carryback year.
12-31-04
tax year ended
tax year ended
tax year ended
1
NOL deduction (see page 6 of the
36,000
instructions). Enter as a positive number
2
Taxable income before 2006 NOL
carryback (see page 7 of the
instructions). Estates and trusts,
increase this amount by the sum of
the charitable deduction and income
21,125
distribution deduction
3
Net capital loss deduction (see page
1,000
7 of the instructions)
4
Section 1202 exclusion. Enter as a
-0-
positive number
5
Domestic
production
activities
-0-
deduction
6
Adjustment to adjusted gross income
-0-
(see page 7 of the instructions)
7
Adjustment to itemized deductions
75
(see page 7 of the instructions)
8
Individuals,
enter
deduction
for
exemptions (minus any amount on
Form 8914, line 2, for 2005). Estates and
3,100
trusts, enter exemption amount
9
Modified taxable income. Combine
lines 2 through 8. If zero or less,
25,300
enter -0-
NOL carryover (see page 7 of the
10
instructions). Subtract line 9 from line
10,700
1. If zero or less, enter -0-
Adjustment to Itemized
Deductions (Individuals Only)
Complete lines 11 through 35 for the
carryback year(s) for which you
itemized deductions only if line 3, 4,
or 5 above is more than zero.
11
Adjusted gross income before 2006
29,000
NOL carryback
1,000
12
Add lines 3 through 6 above
13
Modified adjusted gross income. Add
30,000
lines 11 and 12
14
Medical expenses from Sch. A (Form
550
1040), line 4 (or as previously adjusted)
15
Medical expenses from Sch. A (Form
2,725
1040), line 1 (or as previously adjusted)
2,250
16
Multiply line 13 by 7.5% (.075)
17
Subtract line 16 from line 15. If zero
or less, enter -0-
475
18
Subtract line 17 from line 14
75
1045
Form
(2006)
Publication 536 (2006)
Page 13
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