Instructions For Form 1045 - Application For Tentative Refund - 2007 Page 8
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9Itemized Deductions Limitation Worksheet—See the instructions for line 35 on page 7 (keep for your records)
Enter applicable carryback year
1.
Add the amounts from Form 1045,
Schedule B, lines 17, 23, 28, and 33, and
the amounts from Schedule A (Form 1040),
lines 9, 14, and 27; or the amounts from
Schedule A (Form 1040NR), lines 3 and 16;
(or as previously adjusted)
2.
Add the amounts from Form 1045,
Schedule B, lines 17 and 28; Schedule A
(Form 1040), line 13, line 15b for 2005, and
any gambling losses included on line 27; or
Schedule A (Form 1040NR), line 4b for
2005; (or as previously adjusted)
3.
Subtract line 2 from line 1. If the result is
zero or less, stop
here; combine the
amounts from Form 1045, Schedule B,
lines 18, 24, 29, and 34, and enter the result
on line 35 and line 7 of Form 1045,
Schedule B
4.
Multiply line 3 by 80% (.80)
5.
Enter the amount from Form 1045,
Schedule B, line 19
6.
Enter:
● $121,200 for 1997 ($60,600 if married
filing separately);
● $124,500 for 1998 ($62,250 if married
filing separately);
● $126,600 for 1999 ($63,300 if married
filing separately);
● $128,950 for 2000 ($64,475 if married
filing separately);
● $132,950 for 2001 ($66,475 if married
filing separately);
● $137,300 for 2002 ($68,650 if married
filing separately);
● $139,500 for 2003 ($69,750 if married
filing separately);
● $142,700 for 2004 ($71,350 if married
filing separately);
● $145,950 for 2005 ($72,975 if married
filing separately);
● $150,500 for 2006 ($75,250 if married
filing separately).
7.
Subtract line 6 from line 5
8.
Multiply line 7 by 3% (.03)
9.
Enter the smaller of line 4 or line 8
10.
Is the applicable carryback year 2006?
No. Skip lines 10 and 11, go to line 12
Yes. Divide line 9 by 3.0
11.
Subtract line 10 from line 9
12.
Is the applicable carryback year 2006?
No. Subtract line 9 from line 1
Yes. Subtract line 11 from line 1
13.
Total itemized deductions from Schedule A
(Form 1040), line 28, or Schedule A (Form
1040NR),
line
17,
(or
as
previously
adjusted)
14.
Subtract line 12 from line 13. Enter the
difference here and on line 7 of Form 1045,
Schedule B
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