Instructions For Form 1045 - Application For Tentative Refund

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You did not itemize deductions, or

You entered an amount other than

Line 4—Section 1202

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The amounts on Schedule B, lines

zero on line 20, and

Exclusion

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3 through 5, are zero.

You had any items of income or

Enter as a positive number any gain

Otherwise, complete lines 11 through

deductions based on adjusted gross

excluded under section 1202 on the

35 and enter on line 7 the amount

income which are listed in the

sale or exchange of qualified small

from line 35 (or, if applicable, line 14

instructions for line 6 of

business stock.

of the worksheet on page 8).

Schedule B on this page.

Estates and trusts. Recompute the

Line 5—Domestic

If you cannot use the amount from

miscellaneous itemized deductions

line 21 as your adjusted gross

Production Activities

shown (or as previously adjusted) on

income, figure your adjusted gross

Deduction

Form 1041, line 15b, and any

income as follows.

Enter the amount of any domestic

casualty or theft losses shown (or as

1. Figure the adjustment to each

production activities deduction

previously adjusted) on Form 4684,

item of income or deduction in the

claimed on your return.

Casualties and Thefts, line 18 (line 20

same manner as explained in the

for 2005 and 2006) by substituting

instructions for line 6 of Schedule B

Line 6—Adjustments to

modified adjusted gross income (see

on this page, except do not take into

Adjusted Gross Income

below) for the adjusted gross income

account any NOL carrybacks when

of the estate or trust. Subtract the

If you entered an amount on line 3 or

figuring adjusted gross income.

line 4, you must refigure certain

recomputed deductions and losses

Attach a computation showing how

income and deductions based on

from the deductions and losses

you figured the adjustments.

adjusted gross income. These

previously shown, and enter the

2. Add lines 3, 4, 5, 11, and 20 of

include:

difference on line 7.

Schedule B to the total adjustments

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The special allowance for passive

Modified adjusted gross income

you figured in (1) above. Use the

activity losses from rental real estate

for estates and trusts. For

result as your adjusted gross income

activities,

purposes of figuring miscellaneous

to refigure charitable contributions.

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Taxable social security benefits,

itemized deductions subject to the 2%

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IRA deductions,

For NOL carryover purposes, you

limit, figure modified adjusted gross

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Excludable savings bond interest,

must reduce any charitable

income by adding the following

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The exclusion of amounts received

contributions carryover to the extent

amounts to the adjusted gross

under an employer’s adoption

that the NOL carryover on line 10 is

income previously used to figure

assistance program,

increased by any adjustment to

these deductions.

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The student loan interest

charitable contributions.

The total of the amounts from lines

deduction, and

3 through 6 of Form 1045,

Line 35

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Tuition and fees deduction.

Schedule B.

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Complete the worksheet on page 8 if

The exemption amount shown (or

For purposes of figuring the

line 19, Schedule B, is more than:

as previously adjusted) on Form

adjustment to each of these items,

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$121,200 for 1997 ($60,600 if

1041, line 20 (line 21 for 1997).

your adjusted gross income is

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married filing separately),

The income distribution deduction

increased by the total of the amounts

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$124,500 for 1998 ($62,250 if

shown (or as previously adjusted) on

on line 3 and line 4. Do not take into

married filing separately),

Form 1041, line 18.

account any NOL carryback from

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$126,600 for 1999 ($63,300 if

2007 or later.

For purposes of figuring casualty

married filing separately),

or theft losses, figure modified

Generally, figure the adjustment to

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$128,950 for 2000 ($64,475 if

adjusted gross income by adding the

each item of income or deduction in

married filing separately),

total of the amounts from lines 3

the order listed above and, when

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$132,950 for 2001 ($66,475 if

through 6 of Form 1045, Schedule B,

figuring the adjustment to each

married filing separately),

to the adjusted gross income

subsequent item, increase or

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$137,300 for 2002 ($68,650 if

previously used to figure these

decrease adjusted gross income by

married filing separately),

losses.

the total adjustments you figured for

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$139,500 for 2003 ($69,750 if

the previous items. However, a

Line 10—NOL Carryover

married filing separately),

special rule applies if you received

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$142,700 for 2004 ($71,350 if

After completing all applicable

social security benefits and deducted

married filing separately),

columns, carry forward to 2008 the

IRA contributions. Use the

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$145,950 for 2005 ($72,975 if

amount, if any, on line 10 of the

worksheets in Pub. 590, Individual

married filing separately), or

column for the 1st preceding tax year.

Retirement Arrangements (IRAs), to

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$150,500 for 2006 ($75,250 if

refigure your taxable social security

Line 23—Refigured

married filing separately).

benefits and IRA deductions under

Charitable Contributions

Only complete a column for each

the special rule.

year that meets the above

Refigure your charitable contributions

Enter on line 6 the total

requirements.

using line 21 as your adjusted gross

adjustments made to the listed items.

income unless, for any preceding tax

Attach a computation showing how

year:

you figured the adjustments.

Line 7—Adjustment to

Itemized Deductions

Individuals. Skip this line if, for the

applicable carryback year:

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Instructions For Form 1045 - Application For Tentative Refund - 2007 Page 7

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