Publication 536 - Net Operating Losses (Nols) For Individuals, Estates, And Trusts - 2011 Page 13
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193
Form 1045 (2011)
Page
Schedule B—NOL Carryover (see instructions)
Complete one column before going to the
next column. Start with the earliest
2nd
1st
preceding
preceding
preceding
carryback year.
12-31-09
12-31-10
tax year ended
tax year ended
tax year ended
1
NOL deduction
(see instructions).
36,000
Enter as a positive number .
.
.
.
6,525
2
Taxable income before 2011 NOL
carryback (see instructions). Estates
and trusts, increase this amount by the
sum of the charitable deduction and
24,750
income distribution deduction .
.
.
(125)
3
Net
capital
loss
deduction
(see
instructions) .
.
.
.
.
.
.
.
.
1,000
3,000
4
Section 1202 exclusion. Enter as a
-0-
positive number .
.
.
.
.
.
.
.
-0-
5
Domestic
production
activities
-0-
deduction
.
.
.
.
.
.
.
.
.
-0-
6
Adjustment to adjusted gross income
-0-
(see instructions)
.
.
.
.
.
.
.
-0-
7
Adjustment to itemized deductions (see
instructions) .
.
.
.
.
.
.
.
.
-0-
75
8
Individuals,
enter
deduction
for
exemptions (minus any amount on
Form 8914, line 6, for 2006 and
2009; line 2 for 2005 and 2008). Estates
3,650
and trusts, enter exemption amount
.
3,650
9
Modi ed taxable income. Combine
lines 2 through 8. If zero or less, enter
-0- .
.
.
.
.
.
.
.
.
.
.
.
6,525
29,475
-0-
10
NOL carryover (see instructions). .
.
6,525
Adjustment to Itemized Deductions
(Individuals Only) Complete lines 11
through 38 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 2011
35,000
NOL carryback .
.
.
.
.
.
.
.
1,000
12
Add lines 3 through 6 above
.
.
.
13
Modi ed adjusted gross income. Add
lines 11 and 12 .
.
.
.
.
.
.
.
36,000
14
Medical expenses from Sch. A (Form
375
1040), line 4 (or as previously adjusted)
15
Medical expenses from Sch. A (Form
1040), line 1 (or as previously adjusted)
3,000
16
Multiply line 13 by 7.5% (.075) .
.
.
2,700
17
Subtract line 16 from line 15. If zero or
300
less, enter -0-
.
.
.
.
.
.
.
.
75
18
Subtract line 17 from line 14
19
Mortgage insurance premiums from
Sch. A (Form 1040), line 13 (or as
previously adjusted)
.
.
.
.
.
.
20
Re gured
mortgage
insurance
premiums (see instructions) .
.
.
.
-0-
21
Subtract line 20 from line 19
.
.
.
1045
Form
(2011)
Publication 536 (2011)
Page 13
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