Publication 536 - Net Operating Losses (Nols) For Individuals, Estates, And Trusts - Internal Revenue Service - 2006 Page 6
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192
Form 1045 (2006)
Page
Schedule A—NOL (see page 6 of the instructions)
1
Enter the amount from your 2006 Form 1040, line 41, or Form 1040NR, line 38, minus any amount
on Form 8914, line 6. Estates and trusts, enter taxable income increased by the total of the charitable
(7,500)
1
deduction, income distribution deduction, and exemption amount
2
1,000
2
Nonbusiness capital losses before limitation. Enter as a positive number
3
3
Nonbusiness capital gains (without regard to any section 1202 exclusion)
4
1,000
4
If line 2 is more than line 3, enter the difference; otherwise, enter -0-
5
If line 3 is more than line 2, enter the difference;
5
-0-
otherwise, enter -0-
6
5,150
6
Nonbusiness deductions (see page 6 of the instructions)
7
Nonbusiness income other than capital gains
7
425
(see page 6 of the instructions)
8
425
8
Add lines 5 and 7
9
4,725
9
If line 6 is more than line 8, enter the difference; otherwise, enter -0-
10
If line 8 is more than line 6, enter the difference;
otherwise, enter -0-. But do not enter more than
10
-0-
line 5
11
Business capital losses before limitation. Enter as a positive number
11
12
Business capital gains (without regard to any
2,000
12
section 1202 exclusion)
2,000
13
13
Add lines 10 and 12
14
-0-
14
Subtract line 13 from line 11. If zero or less, enter -0-
15
1,000
15
Add lines 4 and 14
16
Enter the loss, if any, from line 16 of Schedule D (Form 1040). (Estates
and trusts, enter the loss, if any, from line 15, column (3), of Schedule D
(Form 1041).) Enter as a positive number. If you do not have a loss on
that line (and do not have a section 1202 exclusion), skip lines 16 through
16
21 and enter on line 22 the amount from line 15
17
17
Section 1202 exclusion. Enter as a positive number
-0-
18
18
Subtract line 17 from line 16. If zero or less, enter -0-
19
Enter the loss, if any, from line 21 of Schedule D (Form 1040). (Estates
and trusts, enter the loss, if any, from line 16 of Schedule D (Form 1041).)
19
Enter as a positive number
20
-0-
20
If line 18 is more than line 19, enter the difference; otherwise, enter -0-
21
-0-
21
If line 19 is more than line 18, enter the difference; otherwise, enter -0-
22
1,000
22
Subtract line 20 from line 15. If zero or less, enter -0-
23
Domestic production activities deduction from Form 1040, line 35, or Form 1040NR, line 33 (or
23
included on Form 1041, line 15a)
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24
NOL deduction for losses from other years. Enter as a positive number
25
NOL. Combine lines 1, 9, 17, and 21 through 24. If the result is less than zero, enter it here and on
page 1, line 1a. If the result is zero or more, you do not have an NOL
25
(1,775)
1045
Form
(2006)
Page 6
Publication 536 (2006)
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