Instructions For Form 1045 - Application For Tentative Refund

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$2,700 for 1998 ($5,400 if married),

recomputed general business credits,

Schedule A—NOL

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$2,650 for 1997 ($5,300 if married),

using Form 3800, 8844, or 8884.

Complete and file this schedule to

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$2,550 for 1996 ($5,100 if married),

determine the amount of the NOL that

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If an NOL or net section 1256

$2,500 for 1995 ($5,000 if married),

is available for carryback or

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contracts loss carryback eliminates or

$2,450 for 1994 ($4,900 if married),

carryover.

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reduces a general business credit in

$2,350 for 1993 ($4,700 if married),

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an earlier year, you may be able to

$2,300 for 1992.

Line 9—Nonbusiness

carry back the released credit 1 year

If you used TeleFile for your

Deductions

(3 years if the credit arose in a tax

original return and someone else

year beginning before 1998). See

Enter as a positive number

could claim you as a dependent on

section 39 and the instructions for

deductions that are not connected

their return, enter zero if you were

Form 3800 for more details on

with a trade or business. They

single. If you were married, see Form

general business credit carrybacks.

include:

1040EZ for the year in question and

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IRA deductions.

complete the worksheet on the back

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Student loan interest deduction.

of that form. Next, enter the amount

Line 21—Other Credits

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Tuition and fees deduction.

from line F of that worksheet on line

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See your tax return for the carryback

Archer MSA deduction.

15 of Form 1045 in the column

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year for any additional credits such as

Deductions for payments on behalf

labeled “Before carryback” for the

the earned income credit, credit for

of a self-employed individual to a

applicable year. If no one could claim

child and dependent care expenses,

SEP, SIMPLE, or qualified plan.

you as a dependent, enter the

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child tax credit, education credits,

Alimony paid.

amount listed above for that year.

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foreign tax credit, etc., that will apply

Most itemized deductions (except

Estates and trusts. Enter in the

in that year. If you make an entry on

for casualty and theft losses and any

columns labeled “Before carryback”

this line, identify the credit(s) claimed.

employee business expenses).

and “After carryback” for each

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The standard deduction.

applicable carryback year the amount

Line 24—

Do not enter business deductions

shown (or as previously adjusted) on

on line 9. These are deductions that

Form 1041, line 20 (line 21 for 1997).

Self-Employment Tax

are connected with a trade or

business. They include:

Do not adjust self-employment tax

Line 17—Income Tax

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State income tax on business

because of any carryback.

profits.

Refigure your tax for each carryback

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Educator expenses.

year after taking into account the

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Line 25—Other Taxes

NOL or net section 1256 contracts

Moving expenses.

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The deduction for one-half of

loss carryback. Include any tax from

See your tax return for the carryback

self-employment tax.

Form 4970, Tax on Accumulation

year for any other taxes not

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Distribution of Trusts, and Form

Rental losses.

mentioned above, such as recapture

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Loss on the sale or exchange of

4972, Tax on Lump-Sum

taxes, tax on an IRA, etc., that will

Distributions. Attach any schedule

business real estate or depreciable

apply in that year. If you make an

property.

used to figure your tax or an

entry on this line, identify the taxes

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Your share of a business loss from

explanation of the method used to

that apply.

figure the tax and, if necessary, a

a partnership or an S corporation.

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Ordinary loss on the sale or

detailed computation.

Line 29—Overpayment

exchange of section 1244 (small

For example, write “Tax Rate

of Tax Under Section

business) stock.

Schedule – 2000” if this is the method

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Ordinary loss on the sale or

used for that year. You do not need

1341(b)(1)

exchange of stock in a small business

to attach a detailed computation of

investment company operating under

If you apply for a tentative refund

the tax in this case.

the Small Business Investment Act of

based on an overpayment of tax

1958.

under section 1341(b)(1), enter it on

Line 18—Alternative

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Loss from the sale of accounts

this line. Also, attach a computation

receivable if such accounts arose

Minimum Tax

showing the information required by

under the accrual method of

Regulations section 5.6411-1(d).

The carryback of an NOL or net

accounting.

section 1256 contracts loss may

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If you itemized your deductions,

Signature

affect your alternative minimum tax.

casualty and theft losses (even if they

Individuals use Form 6251 to figure

involve nonbusiness property) and

Individuals. Sign and date Form

this tax. Estates and trusts use

employee business expenses (such

1045. If Form 1045 is filed jointly,

Schedule I (Form 1041) (Schedule

as union dues, uniforms, tools, and

both spouses must sign.

H for 1992 – 94).

educational expenses).

Estates. All executors or

Line 20—General

Line 10—Nonbusiness

administrators must sign and date

Form 1045.

Income Other Than Capital

Business Credit

Gains

Enter in the column labeled “After

Trusts. The fiduciary or an

carryback” for each affected

authorized representative must sign

Enter income that is not from a trade

carryback year the total of the

and date Form 1045.

or business. Examples are dividends,

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Instructions For Form 1045 - Application For Tentative Refund - 2002 Page 5

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