Instructions For Form 1045 - 2004 (Page 4 of 8) in pdf

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The student loan interest

income. Use your adjusted gross

applicable year. If no one could claim

deduction,

income determined after you apply

you as a dependent, enter the

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The tuition and fees deduction,

the NOL or net section 1256

amount listed above for that year.

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Excludable savings bond interest,

contracts loss carryback. Amounts

After carryback. If your

and

you may have to refigure include:

deduction for personal exemptions in

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The exclusion of amounts received

Medical expenses,

the carryback year was limited based

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under an employer’s adoption

Personal casualty and theft losses,

on your adjusted gross income, enter

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assistance program.

Miscellaneous deductions subject

in the column labeled “After

to the 2% limit, and

carryback” the deduction for personal

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Line 12—Deductions

Itemized deductions subject to the

exemptions refigured using the

overall limit of section 68.

adjusted gross income determined

Individuals. Enter in the column

Do not refigure your charitable

after you apply the NOL or net

labeled “Before carryback” for each

contributions deduction.

section 1256 contracts loss

applicable carryback year the amount

carryback.

If you have an NOL, see Pub. 536

shown (or as previously adjusted) on

for more information and examples.

Estates and trusts. Enter in the

Form 1040:

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columns labeled “Before carryback”

Line 37 for 2003,

If you did not itemize deductions in

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and “After carryback” for each

the carryback year, enter your

Line 38 for 2002,

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applicable carryback year the amount

standard deduction for that year.

Line 36 for 1998 – 2001,

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shown (or as previously adjusted) on

Line 35 for 1997, or

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Line 14—Exemptions

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

Line 34 for 1994 – 1996.

If you filed Form 1040A, enter the

Individuals. Enter in the column

Line 16—Income Tax

amount shown (or as previously

labeled “Before carryback” for each

Refigure your tax for each carryback

adjusted) on:

applicable carryback year, the

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year after taking into account the

Line 24 for 2002 – 2003,

amount shown (or as previously

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NOL or net section 1256 contracts

Line 22 for 2000 – 2001,

adjusted) on Form 1040:

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loss carryback. Include any tax from

Line 21 for 1998 – 1999, or

Line 39 for 2003,

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Form 4970, Tax on Accumulation

Line 19 for 1994 – 1997.

Line 40 for 2002,

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Distribution of Trusts, and Form 4972,

Line 38 for 1998-2001,

If you filed Form 1040-T for 1995,

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Tax on Lump-Sum Distributions.

Line 37 for 1997, or

enter the amount shown (or as

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Attach any schedule used to figure

Line 36 for 1994-1996.

previously adjusted) on line 20.

your tax or an explanation of the

If you filed Form 1040A, enter the

If you filed Form 1040EZ and

method used to figure the tax and, if

amount shown (or as previously

checked the “Yes” box on Form

necessary, a detailed computation.

adjusted) on:

1040EZ, line 5 (line 4 for 1994), enter

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For example, write “Tax Rate

Line 26 for 2002 –2003,

the amount shown (or as previously

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Schedule –2002” if this is the method

Line 24 for 2000 –2001,

adjusted) on line E of the worksheet

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used for that year. You do not need

Line 23 for 1998 –1999, or

on the back of Form 1040EZ. If you

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to attach a detailed computation of

Line 21 for 1994 –1997.

checked the “No” box, enter:

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the tax in this case.

$4,750 for 2003 ($9,500 if married),

If you filed Form 1040-T for 1995,

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$4,700 for 2002 ($7,850 if married),

enter the amount shown (or as

Line 17—Alternative

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$4,550 for 2001 ($7,600 if married),

previously adjusted) on line 24.

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Minimum Tax

$4,400 for 2000 ($7,350 if married),

If you filed Form 1040EZ and

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$4,300 for 1999 ($7,200 if married),

checked the “Yes” box on Form

The carryback of an NOL or net

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$4,250 for 1998 ($7,100 if married),

1040EZ, line 5 (line 4 for 1994), enter

section 1256 contracts loss may

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$4,150 for 1997 ($6,900 if married),

zero (or the amount from line F of the

affect your alternative minimum tax.

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$4,000 for 1996 ($6,700 if married),

1040EZ worksheet if married). If you

Individuals use Form 6251 to figure

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$3,900 for 1995 ($6,550 if married),

checked the “No” box, enter:

this tax. Estates and trusts use

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$3,800 for 1994 ($6,350 if married).

$3,050 for 2003 ($6,100 if married),

Schedule I (Form 1041) (Schedule H

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If you used TeleFile for your

$3,000 for 2002 ($6,000 if married),

for 1994).

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original return and someone else

$2,900 for 2001 ($5,800 if married),

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Line 19—General

could claim you as a dependent on

$2,800 for 2000 ($5,600 if married),

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their return, see Form 1040EZ for the

$2,750 for 1999 ($5,500 if married),

Business Credit

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year in question and complete the

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

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worksheet on the back of that form.

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

Enter in the column labeled “After

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Next, enter the amount from line E of

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

carryback” for each affected

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carryback year the total of the

that worksheet on line 13 of Form

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

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1045 in the column labeled “Before

recomputed general business credits,

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

carryback” for the applicable year. If

using Form 3800, 8844, or 8884.

If you used TeleFile for your

no one could claim you as a

original return and someone else

If an NOL or net section 1256

dependent, enter the amount listed

could claim you as a dependent on

contracts loss carryback eliminates or

above for that year.

their return, enter zero if you were

reduces a general business credit in

After carryback. If you itemized

single. If you were married, see Form

an earlier year, you may be able to

deductions in the carryback year,

1040EZ for the year in question and

carry back the released credit 1 year

enter in the column labeled “After

complete the worksheet on the back

(3 years if the credit arose in a tax

carryback” the total of your

of that form. Next, enter the amount

year beginning before 1998). See

deductions after refiguring any that

from line F of that worksheet on line

section 39 and the instructions for

are based on or limited to a

15 of Form 1045 in the column

Form 3800 for more details on

percentage of your adjusted gross

labeled “Before carryback” for the

general business credit carrybacks.

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Instructions For Form 1045 - 2004 Page 4

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