Montana Form Nol - Montana Net Operating Loss - 2005 Page 4
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5Form NOL Montana Net Operating Loss for Year 2005
Page 4
NOL Carryover - Schedule B (continued)
_______ preceding tax
_______ preceding tax
Complete one column before going to the next column.
_______ preceding tax
You start with the earliest carryback year.
year ending _______
year ending _______
year ending _______
18. Enter modified adjusted gross income from line
12 on Schedule B, page 3.
19. Enter as a positive number any NOL carryback
from a year before 2005 that was deducted to
figure line 10 on Schedule B, page 3.
20. Add lines 18 and 19 and enter the result.
21. Enter charitable contributions from Form 2A,
Schedule III, lines 15a, 16 and 17 (or as
previously adjusted).
22. Enter refigured charitable contributions (see
instructions).
23. Subtract line 22 from line 21 and enter the result.
24. Enter casualty and theft losses from Form 4684,
line 18 (or as previously adjusted).
25. Enter casualty and theft losses from Form 4684,
line 16 (or as previously adjusted).
26. Multiply line 18 by 10% (.10) and enter the result.
27. Subtract line 26 from line 25 and enter result. If
zero or less, enter zero.
28. Subtract line 27 from line 24 and enter the result.
29. Enter miscellaneous itemized deductions from
Schedule 2A after 2% adjustment (or as
previously adjusted).
30. Enter miscellaneous itemized deductions from
Schedule 2A before 2% adjustment (or as
previously adjusted).
31. Multiply line 18 by 2% (.02) and enter the result.
32. Subtract line 31 from line 30 and enter the result.
If zero or less, enter zero.
33. Subtract line 32 from line 29 and enter the result.
34. Complete the itemized deductions limitation
worksheet on Form NOL, page 2 if line 18 is
more than the applicable amount shown below.
• $126,600 for 1999
($63,300 if married filing separately).
• $128,950 for 2000
($64,475 if married filing separately).
• $132,950 for 2001
($66,475 if married filing separately).
• $137,300 for 2002
($68,650 if married filing separately).
• $139,500 for 2003
($69,750 if married filing separately).
• $142,700 for 2004
($71,350 if married filing separately).
If the itemized deductions limitation is not
applicable, combine lines 17, 23, 28 and 33;
enter the results here and on line 6 (page 3)
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