Screen 1045-2 - Computation of Tax (1040)

Overview

In the
Before NOL
column, enter the adjusted gross income (AGI) for the carryback year of the original or amended return. In the
After NOL
column, enter the AGI refigured after the application of the NOL or net section 1256 loss carryback.
In the
Before NOL
column for each applicable carryback year, enter the deductions from the original or amended return. In the
After NOL
column, enter the deductions refigured after the application of the NOL or net section 1256 loss carryback.
The amount of qualified business income deduction is added with the deductions amount for the amount on line 12. The QBI deduction may be affected by any reduction in the taxable income from the NOL carryback. Refigure your QBI deduction after the carryback using Form 8995 or 8995-A.
Enter the income tax before and after the carryback. Use the statement attached to the
General footnote
field in the 1045 screen to explain the method used to figure the tax and if necessary, a detailed calculation.
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