Screen 1045-4 - Form 172, Part II (1040)

Form 172, Part II - NOL Carryover

Use the
Adjustments to itemized deductions
fields if taking itemized deductions for any of the preceding tax years. Enter the AGI before NOL for the applicable years. Per Form 172, Part II instructions, this transfers to Form 172, Part II only if the amount on Form 172, Part II lines 3, 4, or 5, is more than zero.
The default is the amount calculated for Form 1045, line 15 — Taxable income "before carryback". Enter an amount in this field to use a different amount.
Enter the amount of alternative minimum taxable income from Form 6251 of the respective tax year. The AMT NOL Carryover Worksheet calculation uses this amount.
This amount defaults to the amount on the 1045-2 screen in the "before NOL" AGI field for the respective year. To use an amount other than the calculated amount, enter an amount in this field. Use the
Adjustments to itemized deductions
fields if taking itemized deductions for any of the preceding tax years.
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