Form 1045 (2012) Page 2

Summary: This is an example of Form 1045 (2012), page 2 with items included as described in the text. Additionally, these line items are completed:

Schedule A--NOL (see instructions).

1.Enter the amount from your 2012 Form 1040, line 41, or Form 1040NR, line 39. Estates and trusts, enter taxable income increased by the amount of the charitable deduction, income distribution, and exemption amount field contains negative 8,300
2. Nonbusiness capital losses before limitation. Enter as a positive number field contains 1,000
3. Nonbusiness capital gains (without regard to any section 1202 exclusion) field is blank
4. If line 2 is more than line 3, enter the difference; otherwise, enter 0 field contains 1,000
5. If line 3 is more than line 2, enter the difference; otherwise, enter 0 field contains 0
6. Nonbusiness deductions (see instructions). field contains 5,950
7. Nonbusiness income other than capital gains (see instructions). field contains 425
8. Add lines 5 and 7 field contains 425
9. If line 6 is more than line 8, enter the difference; otherwise, enter 0 field contains 5,525
10. If line 8 is more than line 6, enter the difference; otherwise, enter 0. But do not enter more than line 5 field contains 0
11. Business capital losses before limitation. Enter as a positive number field is blank
12. Business capital gains (without regard to any section 1202 exclusion) field contains 2,000
13. Add lines 10 and 12 field contains 2,000
14. Subtract line 13 from line 11. If zero or less, enter 0 field contains 0
15. Add lines 4 and 14 field contains 1,000
16.Enter the loss, if any, from line 16 of your 2012 Schedule D (Form 1040). (Estates and trusts, enter the loss, if any, from line 15, column (3), of Schedule D (Form 1041).) Enter as a positive number. If you do not have a loss on that line (and do not have a section 1202 exclusion), skip lines 16 through 21 and enter on line 22 the amount from line 15 field is blank
17. Section 1202 exlcusion. Enter as a positive number field is blank
18. Subtract line 17 from line 16. If zero or less, enter 0 field contains 0
20. If line 18 is more than line 19, enter the difference; otherwise, enter 0 field contains 0
21. If line 19 is more than line 18, enter the difference; otherwise, enter 0 field contains 0
22. Subtract line 20 from line 15. If zero or less, enter 0 field contains 1,000
23. Domestic production activities deduction from your 2012 Form 1040, line 35, or Form 1040NR, line 34 (or included on Form 1041, line 15a) field contains 0
24. NOL. deduction for losses from other years. Enter as a positive number field contains 0
25. NOL. Combine lines 1, 9, 17, 21 through 24. If the result is less than zero, enter it here and on page 1, line 1a. If the result is zero or more, you do not have an NOL.Field contains negative 1,775

Close Window