Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

Find tax credits for everything from school tuition to buying a hybri

3. E-File for FREE

E-file free with direct deposit to get your refund in as few as 7 days.

Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.

FREE audit support and representation from an enrolled agent – NEW and only from H&R Block

2010 Tax Form

Free 1040x Forms2011 Taxes DueIrs 2012 Tax Forms 1040 EzIrs Free File 1040ezFile Amended 2012 Tax ReturnIrs Gov Amended ReturnsFile State Tax Return For FreeFiling State Income Tax ReturnCan I Amend My 2008 Tax Return1040ez Online Filing FreeTax Breaks For The UnemployedFree Federal And State Tax Filing 2012Irs 2011 Tax Forms 1040ezState Taxes Free Online2009 Tax ReturnsFederal Tax Form 1040 Ez 20112012 Tax Preparation Software FreeHrblock Free Tax ReturnFree Federal And Free State Tax FilingFiling Amended Tax Return 20132010 Tax ReturnFile 2007 Taxes FreeFile Extension2012 Form 1040 EzAmend Federal ReturnFile My Taxes For 2012Can You File 1040x ElectronicallyIncome Tax PreparationIrs Form 1040x 2010File State Tax ReturnsStudent Tax Return CalculatorAmend 2011 TaxIrs Forms 2011 1040Tax Planning Us 1040xWww Statetaxforms1040ez HelpTaxaideFile 1040nr1040 Estimated Tax FormW2 Ez Forms

2010 Tax Form

2010 tax form Publication 535 - Introductory Material Table of Contents IntroductionOrdering forms and publications. 2010 tax form Tax questions. 2010 tax form Future Developments What's New for 2013 What's New for 2014 Reminders Introduction This publication discusses common business expenses and explains what is and is not deductible. 2010 tax form The general rules for deducting business expenses are discussed in the opening chapter. 2010 tax form The chapters that follow cover specific expenses and list other publications and forms you may need. 2010 tax form Comments and suggestions. 2010 tax form   We welcome your comments about this publication and your suggestions for future editions. 2010 tax form   You can send your comments to: Internal Revenue Service Tax Forms and Publications SE:W:CAR:MP:TFP 1111 Constitution Ave. 2010 tax form NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. 2010 tax form Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. 2010 tax form   You can send us comments from www. 2010 tax form irs. 2010 tax form gov/formspubs/. 2010 tax form Click on “More Information” and then on “Give us feedback. 2010 tax form ”   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax publications. 2010 tax form Ordering forms and publications. 2010 tax form   Visit www. 2010 tax form irs. 2010 tax form gov/formspubs/ to download forms and publications, call 1-800-829-3676, or write to the address below and receive a response within 10 days after your request is received. 2010 tax form Internal Revenue Service 1201 N. 2010 tax form Mitsubishi Motorway Bloomington, IL 61705-6613 We cannot answer tax questions sent to either the “Comments and suggestions” or “Ordering forms and publications” address. 2010 tax form Tax questions. 2010 tax form   If you have a tax-related question, please go to Help With Tax Questions on IRS. 2010 tax form gov. 2010 tax form If you've looked around our site and still didn't find the answer to your general tax question, please call our toll-free tax assistance line at 1-800-829-1040 for individual tax questions or 1-800-829-4933 for business tax questions. 2010 tax form Future Developments For the latest information about developments related to Publication 535, such as legislation enacted after it was published, go to www. 2010 tax form irs. 2010 tax form gov/pub535. 2010 tax form What's New for 2013 The following items highlight some changes in the tax law for 2013. 2010 tax form Optional safe harbor method to determine the business use of a home deduction. 2010 tax form  Beginning in 2013, you can use the optional safe harbor method to determine the deduction for the business use of your home. 2010 tax form For more information, see chapter 1. 2010 tax form Standard mileage rate. 2010 tax form  Beginning in 2013, the standard mileage rate for the cost of operating your car, van, pickup, or panel truck for each mile of business use is 56. 2010 tax form 5 cents per mile. 2010 tax form For more information, see chapter 11. 2010 tax form Additional Medicare Tax. 2010 tax form  Beginning in 2013, a 0. 2010 tax form 9% Additional Medicare Tax applies to Medicare wages, railroad retirement (RRTA) compensation, and self-employment income that are more than: $125,000 if married filing separately, $250,000 if married filing jointly, or $200,000 if single, head of household, or qualifying widow(er) with dependent child. 2010 tax form Medicare wages and self-employment income are combined to determine if your income exceeds the threshold. 2010 tax form RRTA compensation should be separately compared to the threshold. 2010 tax form For more information, see chapter 5 or visit www. 2010 tax form irs. 2010 tax form gov and enter the following words in the search box: Additional Medicare Tax. 2010 tax form Retiree drug subsidy. 2010 tax form  Beginning in 2013, sponsors of certain qualified retiree prescription drug plans must account for the subsidy received by reducing the amount of qualified retiree prescription drug plans expense by the subsidy received (taking into account the taxpayer's accounting method). 2010 tax form For more information, visit www. 2010 tax form irs. 2010 tax form gov and enter the following words in the search box: Retiree drug subsidy. 2010 tax form What's New for 2014 The following item highlights a change in the tax law for 2014. 2010 tax form Standard mileage rate. 2010 tax form  Beginning in 2014, the standard mileage rate for the cost of operating your car, van, pickup, or panel truck for each mile of business use is 56 cents per mile. 2010 tax form Film and television productions costs. 2010 tax form  The election to expense film and television production costs does not apply to productions that begin in 2014. 2010 tax form For more information, see chapter 7. 2010 tax form Reminders The following reminders and other items may help you file your tax return. 2010 tax form IRS e-file (Electronic Filing) You can file your tax returns electronically using an IRS e-file option. 2010 tax form The benefits of IRS e-file include faster refunds, increased accuracy, and acknowledgment of IRS receipt of your return. 2010 tax form You can use one of the following IRS e-file options. 2010 tax form Use an authorized IRS e-file provider. 2010 tax form Use a personal computer. 2010 tax form Visit a Volunteer Income Tax Assistance (VITA) or Tax Counseling for the Elderly (TCE) site. 2010 tax form For details on these fast filing methods, see your income tax package. 2010 tax form Form 1099 MISC. 2010 tax form  File Form 1099-MISC, Miscellaneous Income, for each person to whom you have paid during the year in the course of your trade or business at least $600 in rents, services (including parts and materials), prizes and awards, other income payments, medical and health care payments, and crop insurance proceeds. 2010 tax form See the Instructions for Form 1099-MISC for more information and additional reporting requirements. 2010 tax form Photographs of missing children. 2010 tax form  The Internal Revenue Service is a proud partner with the National Center for Missing & Exploited Children. 2010 tax form Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. 2010 tax form You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) (24-hours a day, 7 days a week) if you recognize a child. 2010 tax form Prev  Up  Next   Home   More Online Publications
Español

Department of Energy (DOE)

The Department of Energy manages the United States' nuclear infrastructure and administers the country's energy policy. The Department of Energy also funds scientific research in the field.

The 2010 Tax Form

2010 tax form Publication 536 - Main Content Table of Contents NOL Steps How To Figure an NOLNonbusiness deductions (line 6). 2010 tax form Nonbusiness income (line 7). 2010 tax form Nonbusiness capital losses. 2010 tax form Business capital losses. 2010 tax form Illustrated Form 1045, Schedule A When To Use an NOLExceptions to 2-Year Carryback Rule Waiving the Carryback Period How To Carry an NOL Back or Forward How To Claim an NOL DeductionDeducting a Carryback Deducting a Carryforward Change in Marital Status Change in Filing Status Illustrated Form 1045 How To Figure an NOL CarryoverIllustrated Form 1045, Schedule B NOL Carryover From 2013 to 2014Worksheet Instructions How To Get Tax HelpLow Income Taxpayer Clinics NOL Steps Follow Steps 1 through 5 to figure and use your NOL. 2010 tax form Step 1. 2010 tax form   Complete your tax return for the year. 2010 tax form You may have an NOL if a negative figure appears on the line below: Individuals — Form 1040, line 41, or Form 1040NR, line 39. 2010 tax form Estates and trusts — Form 1041, line 22. 2010 tax form   If the amount on that line is not negative, stop here — you do not have an NOL. 2010 tax form Step 2. 2010 tax form   Determine whether you have an NOL and its amount. 2010 tax form See How To Figure an NOL , later. 2010 tax form If you do not have an NOL, stop here. 2010 tax form Step 3. 2010 tax form   Decide whether to carry the NOL back to a past year or to waive the carryback period and instead carry the NOL forward to a future year. 2010 tax form See When To Use an NOL , later. 2010 tax form Step 4. 2010 tax form   Deduct the NOL in the carryback or carryforward year. 2010 tax form See How To Claim an NOL Deduction , later. 2010 tax form If your NOL deduction is equal to or less than your taxable income without the deduction, stop here — you have used up your NOL. 2010 tax form Step 5. 2010 tax form   Determine the amount of your unused NOL. 2010 tax form See How To Figure an NOL Carryover , later. 2010 tax form Carry over the unused NOL to the next carryback or carryforward year and begin again at Step 4. 2010 tax form Note. 2010 tax form   If your NOL deduction includes more than one NOL amount, apply Step 5 separately to each NOL amount, starting with the amount from the earliest year. 2010 tax form How To Figure an NOL If your deductions for the year are more than your income for the year, you may have an NOL. 2010 tax form There are rules that limit what you can deduct when figuring an NOL. 2010 tax form In general, the following items are not allowed when figuring an NOL. 2010 tax form Any deduction for personal exemptions. 2010 tax form Capital losses in excess of capital gains. 2010 tax form The section 1202 exclusion of the gain from the sale or exchange of qualified small business stock. 2010 tax form Nonbusiness deductions in excess of nonbusiness income. 2010 tax form The net operating loss deduction. 2010 tax form The domestic production activities deduction. 2010 tax form Form 1045, Schedule A. 2010 tax form   Use Form 1045, Schedule A, to figure an NOL. 2010 tax form The following discussion explains Schedule A and includes an illustrated example. 2010 tax form   First, complete Form 1045, Schedule A, line 1, using amounts from your return. 2010 tax form If line 1 is a negative amount, you may have an NOL. 2010 tax form   Next, complete the rest of Form 1045, Schedule A, to figure your NOL. 2010 tax form Nonbusiness deductions (line 6). 2010 tax form   Enter on line 6 deductions that are not connected to your trade or business or your employment. 2010 tax form Examples of deductions not related to your trade or business are: Alimony paid, Deductions for contributions to an IRA or a self-employed retirement plan, Health savings account deduction, Archer medical savings account deduction, Most itemized deductions (except for casualty and theft losses, state income tax on trade and business income, and any employee business expenses), and The standard deduction. 2010 tax form   Do not include on line 6 the deduction for personal exemptions for you, your spouse, or your dependents. 2010 tax form   Do not enter business deductions on line 6. 2010 tax form These are deductions that are connected to your trade or business. 2010 tax form They include the following. 2010 tax form State income tax on income attributable to trade or business (including wages, salary, and unemployment compensation). 2010 tax form Moving expenses. 2010 tax form Educator expenses. 2010 tax form The deduction for the deductible part of self-employed health insurance. 2010 tax form Domestic production activities deduction. 2010 tax form Rental losses. 2010 tax form Loss on the sale or exchange of business real estate or depreciable property. 2010 tax form Your share of a business loss from a partnership or an S corporation. 2010 tax form Ordinary loss on the sale or exchange of stock in a small business corporation or a small business investment company. 2010 tax form If you itemize your deductions, casualty and theft losses (even if they involve nonbusiness property) and employee business expenses (such as union dues, uniforms, tools, education expenses, and travel and transportation expenses). 2010 tax form Loss on the sale of accounts receivable (if you use an accrual method of accounting). 2010 tax form Interest and litigation expenses on state and federal income taxes related to your business. 2010 tax form Unrecovered investment in a pension or annuity claimed on a decedent's final return. 2010 tax form Payment by a federal employee to buy back sick leave used in an earlier year. 2010 tax form Nonbusiness income (line 7). 2010 tax form   Enter on line 7 only income that is not related to your trade or business or your employment. 2010 tax form For example, enter your annuity income, dividends, and interest on investments. 2010 tax form Also, include your share of nonbusiness income from partnerships and S corporations. 2010 tax form   Do not include on line 7 the income you receive from your trade or business or your employment. 2010 tax form This includes salaries and wages, self-employment income, unemployment compensation included in your gross income, and your share of business income from partnerships and S corporations. 2010 tax form Also, do not include rental income or ordinary gain from the sale or other disposition of business real estate or depreciable business property. 2010 tax form Adjustment for section 1202 exclusion (line 17). 2010 tax form   Enter on line 17 any gain you excluded under section 1202 on the sale or exchange of qualified small business stock. 2010 tax form Adjustments for capital losses (lines 19–22). 2010 tax form   The amount deductible for capital losses is limited based on whether the losses are business capital losses or nonbusiness capital losses. 2010 tax form Nonbusiness capital losses. 2010 tax form   You can deduct your nonbusiness capital losses (line 2) only up to the amount of your nonbusiness capital gains without regard to any section 1202 exclusion (line 3). 2010 tax form If your nonbusiness capital losses are more than your nonbusiness capital gains without regard to any section 1202 exclusion, you cannot deduct the excess. 2010 tax form Business capital losses. 2010 tax form   You can deduct your business capital losses (line 11) only up to the total of: Your nonbusiness capital gains that are more than the total of your nonbusiness capital losses and excess nonbusiness deductions (line 10), and Your total business capital gains without regard to any section 1202 exclusion (line 12). 2010 tax form Domestic production activities deduction (line 23). 2010 tax form   You cannot take the domestic production activities deduction when figuring your NOL. 2010 tax form Enter on line 23 any domestic production activities deduction claimed on your return. 2010 tax form NOLs from other years (line 24). 2010 tax form   You cannot deduct any NOL carryovers or carrybacks from other years. 2010 tax form Enter the total amount of your NOL deduction for losses from other years. 2010 tax form Illustrated Form 1045, Schedule A The following example illustrates how to figure an NOL. 2010 tax form It includes filled-in pages 1 and 2 of Form 1040 and Form 1045, Schedule A. 2010 tax form Example. 2010 tax form Glenn Johnson is in the retail record business. 2010 tax form He is single and has the following income and deductions on his Form 1040 for 2013. 2010 tax form See the illustrated Form 1040 , later. 2010 tax form INCOME   Wages from part-time job $1,225 Interest on savings 425 Net long-term capital gain on sale of real estate used in business 2,000 Glenn's total income $3,650 DEDUCTIONS   Net loss from business (gross income of $67,000 minus expenses of $72,000) $5,000 Net short-term capital loss on sale of stock 1,000 Standard deduction 6,100 Personal exemption 3,900 Glenn's total deductions $16,000 Glenn's deductions exceed his income by $12,350 ($16,000 − $3,650). 2010 tax form However, to figure whether he has an NOL, certain deductions are not allowed. 2010 tax form He uses Form 1045, Schedule A, to figure his NOL. 2010 tax form See the Illustrated Form 1045, Schedule A , later. 2010 tax form The following items are not allowed on Form 1045, Schedule A. 2010 tax form Nonbusiness net short-term capital loss $1,000 Nonbusiness deductions (standard deduction, $6,100) minus nonbusiness income (interest, $425) 5,675 Deduction for personal exemption 3,900 Total adjustments to net loss $10,575     Therefore, Glenn's NOL for 2013 is figured as follows: Glenn's total 2013 income $3,650 Less:     Glenn's original 2013 total deductions $16,000   Reduced by the disallowed items − 10,575 − 5,425 Glenn's NOL for 2013 $1,775 This image is too large to be displayed in the current screen. 2010 tax form Please click the link to view the image. 2010 tax form Form 1040, page 1 This image is too large to be displayed in the current screen. 2010 tax form Please click the link to view the image. 2010 tax form Form 1040, page 2 This image is too large to be displayed in the current screen. 2010 tax form Please click the link to view the image. 2010 tax form Form 1045, page 2 When To Use an NOL Generally, if you have an NOL for a tax year ending in 2013, you must carry back the entire amount of the NOL to the 2 tax years before the NOL year (the carryback period), and then carry forward any remaining NOL for up to 20 years after the NOL year (the carryforward period). 2010 tax form You can, however, choose not to carry back an NOL and only carry it forward. 2010 tax form See Waiving the Carryback Period , later. 2010 tax form You cannot deduct any part of the NOL remaining after the 20-year carryforward period. 2010 tax form NOL year. 2010 tax form   This is the year in which the NOL occurred. 2010 tax form Exceptions to 2-Year Carryback Rule Eligible losses, farming losses, qualified disaster losses, and specified liability losses, all defined next, qualify for longer carryback periods. 2010 tax form Eligible loss. 2010 tax form   The carryback period for eligible losses is 3 years. 2010 tax form Only the eligible loss portion of the NOL can be carried back 3 years. 2010 tax form An eligible loss is any part of an NOL that: Is from a casualty or theft, or Is attributable to a federally declared disaster for a qualified small business or certain qualified farming businesses. 2010 tax form Qualified small business. 2010 tax form   A qualified small business is a sole proprietorship or a partnership that has average annual gross receipts (reduced by returns and allowances) of $5 million or less during the 3-year period ending with the tax year of the NOL. 2010 tax form If the business did not exist for this entire 3-year period, use the period the business was in existence. 2010 tax form   An eligible loss does not include a farming loss or a qualified disaster loss. 2010 tax form Farming loss. 2010 tax form   The carryback period for a farming loss is 5 years. 2010 tax form Only the farming loss portion of the NOL can be carried back 5 years. 2010 tax form A farming loss is the smaller of: The amount that would be the NOL for the tax year if only income and deductions attributable to farming businesses were taken into account, or The NOL for the tax year. 2010 tax form Farming business. 2010 tax form   A farming business is a trade or business involving cultivation of land or the raising or harvesting of any agricultural or horticultural commodity. 2010 tax form A farming business can include operating a nursery or sod farm or raising or harvesting most ornamental trees or trees bearing fruit, nuts, or other crops. 2010 tax form The raising, shearing, feeding, caring for, training, and management of animals is also considered a farming business. 2010 tax form   A farming business does not include contract harvesting of an agricultural or horticultural commodity grown or raised by someone else. 2010 tax form It also does not include a business in which you merely buy or sell plants or animals grown or raised entirely by someone else. 2010 tax form Waiving the 5-year carryback. 2010 tax form   You can choose to figure the carryback period for a farming loss without regard to the special 5-year carryback rule. 2010 tax form To make this choice for 2013, attach to your 2013 income tax return filed by the due date (including extensions) a statement that you are choosing to treat any 2013 farming losses without regard to the special 5-year carryback rule. 2010 tax form If you filed your original return on time but did not file the statement with it, you can make this choice on an amended return filed within 6 months after the due date of the return (excluding extensions). 2010 tax form Attach an election statement to your amended return, and write “Filed pursuant to section 301. 2010 tax form 9100-2” at the top of the statement. 2010 tax form Once made, this choice is irrevocable. 2010 tax form Qualified disaster loss. 2010 tax form   The carryback period for a qualified disaster loss is 5 years. 2010 tax form Only the qualified disaster loss portion of the NOL can be carried back 5 years. 2010 tax form A qualified disaster loss is the smaller of: The sum of: Any losses attributable to a federally declared disaster and occurring before January 1, 2010, in the disaster area, plus Any allowable qualified disaster expenses (even if you did not choose to treat those expenses as deductions in the current year), or The NOL for the tax year. 2010 tax form Qualified disaster expenses. 2010 tax form   A qualified disaster expense is any capital expense paid or incurred in connection with a trade or business or with business-related property which is: For the abatement or control of hazardous substances that were released as a result of a federally declared disaster occurring before January 1, 2010, For the removal of debris from, or the demolition of structures on, real property which is business-related property damaged or destroyed as a result of a federally declared disaster occurring before January 1, 2010, or For the repair of business-related property damaged as a result of a federally declared disaster occurring before January 1, 2010. 2010 tax form Business-related property is property held for use in a trade or business, property held for the production of income, or inventory property. 2010 tax form Note. 2010 tax form Section 198A allows taxpayers to treat certain capital expenses (qualified disaster expenses) as deductions in the year the expenses were paid or incurred. 2010 tax form Excluded losses. 2010 tax form   A qualified disaster loss does not include any losses from property used in connection with any private or commercial golf course, country club, massage parlor, hot tub facility, suntan facility, or any store for which the principal business is the sale of alcoholic beverages for consumption off premises. 2010 tax form   A qualified disaster loss also does not include any losses from any gambling or animal racing property. 2010 tax form Gambling or animal racing property is any equipment, furniture, software, or other property used directly in connection with gambling, the racing of animals, or the on-site viewing of such racing, and the portion of any real property (determined by square footage) that is dedicated to gambling, the racing of animals, or the on-site viewing of such racing, unless this portion is less than 100 square feet. 2010 tax form Specified liability loss. 2010 tax form   The carryback period for a specified liability loss is 10 years. 2010 tax form Only the specified liability loss portion of the NOL can be carried back 10 years. 2010 tax form Generally, a specified liability loss is a loss arising from: Product liability and expenses incurred in the investigation or settlement of, or opposition to, product liability claims, or An act (or failure to act) that occurred at least 3 years before the beginning of the loss year and resulted in a liability under a federal or state law requiring: Reclamation of land, Dismantling of a drilling platform, Remediation of environmental contamination, or Payment under any workers compensation act. 2010 tax form   Any loss from a liability arising from (1) through (4) above can be taken into account as a specified liability loss only if you used an accrual method of accounting throughout the period in which the act (or failure to act) occurred. 2010 tax form For details, see section 172(f). 2010 tax form Waiving the 10-year carryback. 2010 tax form   You can choose to figure the carryback period for a specified liability loss without regard to the special 10-year carryback rule. 2010 tax form To make this choice for 2013 attach to your 2013 income tax return filed by the due date (including extensions) a statement that you are choosing to treat any 2013 specified liability losses without regard to the special 10-year carryback rule. 2010 tax form If you filed your original return on time but did not file the statement with it, you can make this choice on an amended return filed within 6 months after the due date of the return (excluding extensions). 2010 tax form Attach a statement to your amended return and write “Filed pursuant to section 301. 2010 tax form 9100-2” at the top of the statement. 2010 tax form Once made, this choice is irrevocable. 2010 tax form Waiving the Carryback Period You can choose not to carry back your NOL. 2010 tax form If you make this choice, then you can use your NOL only in the 20-year carryforward period. 2010 tax form (This choice means you also choose not to carry back any alternative tax NOL. 2010 tax form ) To make this choice, attach a statement to your original return filed by the due date (including extensions) for the NOL year. 2010 tax form This statement must show that you are choosing to waive the carryback period under section 172(b)(3). 2010 tax form If you filed your original return on time but did not file the statement with it, you can make this choice on an amended return filed within 6 months of the due date of the return (excluding extensions). 2010 tax form Attach a statement to your amended return, and write “Filed pursuant to section 301. 2010 tax form 9100-2” at the top of the statement. 2010 tax form Once you choose to waive the carryback period, it generally is irrevocable. 2010 tax form If you choose to waive the carryback period for more than one NOL, you must make a separate choice and attach a separate statement for each NOL year. 2010 tax form If you do not file this statement on time, you cannot waive the carryback period. 2010 tax form How To Carry an NOL Back or Forward If you choose to carry back the NOL, you must first carry the entire NOL to the earliest carryback year. 2010 tax form If your NOL is not used up, you can carry the rest to the next earliest carryback year, and so on. 2010 tax form If you waive the carryback period or do not use up the NOL in the carryback period, carry forward what remains of the NOL to the 20 tax years following the NOL year. 2010 tax form Start by carrying it to the first tax year after the NOL year. 2010 tax form If you do not use it up, carry the unused part to the next year. 2010 tax form Continue to carry any unused part of the NOL forward until the NOL is used up or you complete the 20-year carryforward period. 2010 tax form Example 1. 2010 tax form You started your business as a sole proprietor in 2013 and had a $42,000 NOL for the year. 2010 tax form No part of the NOL qualifies for the 3-year, 5-year, or 10-year carryback. 2010 tax form You begin using your NOL in 2011, the second year before the NOL year, as shown in the following chart. 2010 tax form Year   Carryback/  Carryover Unused  Loss 2011 $42,000 $40,000 2012 40,000 37,000 2013 (NOL year)     2014 37,000 31,500 2015 31,500 22,500 2016 22,500 12,700 2017 12,700 4,000 2018 4,000 -0- If your loss were larger, you could carry it forward until the year 2033. 2010 tax form If you still had an unused 2013 carryforward after the year 2033, you would not be allowed to deduct it. 2010 tax form Example 2. 2010 tax form Assume the same facts as in Example 1 , except that $4,000 of the NOL is attributable to a casualty loss and this loss qualifies for a 3-year carryback period. 2010 tax form You begin using the $4,000 in 2010. 2010 tax form As shown in the following chart, $3,000 of this NOL is used in 2010. 2010 tax form The remaining $1,000 is carried to 2011 with the $38,000 NOL that you must begin using in 2011. 2010 tax form Year   Carryback/  Carryover Unused  Loss 2010 $4,000 $1,000 2011 39,000 37,000 2012 37,000 34,000 2013 (NOL year)     2014 34,000 28,500 2015 28,500 19,500 2016 19,500 9,700 2017 9,700 1,000 2018 1,000 -0- How To Claim an NOL Deduction If you have not already carried the NOL to an earlier year, your NOL deduction is the total NOL. 2010 tax form If you carried the NOL to an earlier year, your NOL deduction is the carried over NOL minus the NOL amount you used in the earlier year or years. 2010 tax form If you carry more than one NOL to the same year, your NOL deduction is the total of these carrybacks and carryovers. 2010 tax form NOL resulting in no taxable income. 2010 tax form   If your NOL is more than the taxable income of the year you carry it to (figured before deducting the NOL), you generally will have an NOL carryover to the next year. 2010 tax form See How To Figure an NOL Carryover , later, to determine how much NOL you have used and how much you carry to the next year. 2010 tax form Deducting a Carryback If you carry back your NOL, you can use either Form 1045 or Form 1040X. 2010 tax form You can get your refund faster by using Form 1045, but you have a shorter time to file it. 2010 tax form You can use Form 1045 to apply an NOL to all carryback years. 2010 tax form If you use Form 1040X, you must use a separate Form 1040X for each carryback year to which you apply the NOL. 2010 tax form Estates and trusts that do not file Form 1045 must file an amended Form 1041 (instead of Form 1040X) for each carryback year to which NOLs are applied. 2010 tax form Use a copy of the appropriate year's Form 1041, check the “Amended return” box, and follow the Form 1041 instructions for amended returns. 2010 tax form Include the NOL deduction with other deductions not subject to the 2% limit (line 15a). 2010 tax form Also, see the special procedures for filing an amended return due to an NOL carryback, explained under Form 1040X , later. 2010 tax form Form 1045. 2010 tax form   You can apply for a quick refund by filing Form 1045. 2010 tax form This form results in a tentative adjustment of tax in the carryback year. 2010 tax form See the Illustrated Form 1045 . 2010 tax form at the end of this discussion. 2010 tax form   If the IRS refunds or credits an amount to you from Form 1045 and later determines that the refund or credit is too much, the IRS may assess and collect the excess immediately. 2010 tax form   Generally, you must file Form 1045 on or after the date you file your tax return for the NOL year, but not later than one year after the end of the NOL year. 2010 tax form If the last day of the NOL year falls on a Saturday, Sunday, or holiday, the form will be considered timely if postmarked on the next business day. 2010 tax form For example, if you are a calendar year taxpayer with a carryback from 2013 to 2011, you must file Form 1045 on or after the date you file your tax return for 2013, but no later than December 31, 2014. 2010 tax form Form 1040X. 2010 tax form   If you do not file Form 1045, you can file Form 1040X to get a refund of tax because of an NOL carryback. 2010 tax form File Form 1040X within 3 years after the due date, including extensions, for filing the return for the NOL year. 2010 tax form For example, if you are a calendar year taxpayer and filed your 2011 return by the April 15, 2012, due date, you must file a claim for refund of 2008 tax because of an NOL carryback from 2011 by April 15, 2015. 2010 tax form   Attach a computation of your NOL using Form 1045, Schedule A, and, if it applies, your NOL carryover using Form 1045, Schedule B, discussed later . 2010 tax form Refiguring your tax. 2010 tax form   To refigure your total tax liability for a carryback year, first refigure your adjusted gross income for that year. 2010 tax form (On Form 1045, use lines 10 and 11 and the “After carryback” column for the applicable carryback year. 2010 tax form ) Use your adjusted gross income after applying the NOL deduction to refigure income or deduction items that are based on, or limited to, a percentage of your adjusted gross income. 2010 tax form Refigure the following items. 2010 tax form The special allowance for passive activity losses from rental real estate activities. 2010 tax form Taxable social security and tier 1 railroad retirement benefits. 2010 tax form IRA deductions. 2010 tax form Excludable savings bond interest. 2010 tax form Excludable employer-provided adoption benefits. 2010 tax form The student loan interest deduction. 2010 tax form The tuition and fees deduction. 2010 tax form   If more than one of these items apply, refigure them in the order listed above, using your adjusted gross income after applying the NOL deduction and any previous item. 2010 tax form (Enter your NOL deduction on Form 1045, line 10. 2010 tax form On line 11, using the “After carryback” column, enter your adjusted gross income refigured after applying the NOL deduction and after refiguring any above items. 2010 tax form )   Next, refigure your taxable income. 2010 tax form (On Form 1045, use lines 12 through 15 and the “After carryback” column. 2010 tax form ) Use your refigured adjusted gross income (Form 1045, line 11, using the “After carryback” column) to refigure certain deductions and other items that are based on or limited to a percentage of your adjusted gross income. 2010 tax form Refigure the following items. 2010 tax form The itemized deduction for medical expenses. 2010 tax form The itemized deduction for qualified mortgage insurance premiums. 2010 tax form The itemized deduction for casualty losses. 2010 tax form Miscellaneous itemized deductions subject to the 2% limit. 2010 tax form The overall limit on itemized deductions (do not apply to carryback years beginning after December 31, 2009). 2010 tax form The phaseout of the deduction for exemptions (do not apply to carryback years beginning after December 31, 2009). 2010 tax form Qualified motor vehicle tax (do not apply to carryback years beginning after December 31, 2009). 2010 tax form    Do not refigure the itemized deduction for charitable contributions. 2010 tax form   Finally, use your refigured taxable income (Form 1045, line 15, using the “After carryback” column) to refigure your total tax liability. 2010 tax form Refigure your income tax, your alternative minimum tax, and any credits that are based on or limited by your adjusted gross income (AGI), modified adjusted gross income (MAGI), or tax liability. 2010 tax form (On Form 1045, use lines 16 through 25, and the “After carryback” column. 2010 tax form ) The earned income credit, for example, may be affected by changes to adjusted gross income or the amount of tax (or both) and, therefore, must be recomputed. 2010 tax form If you become eligible for a credit because of the carryback, complete the form for that specific credit (such as the EIC Worksheet) for that year. 2010 tax form   While it is necessary to refigure your income tax, alternative minimum tax, and credits, do not refigure your self-employment tax. 2010 tax form Deducting a Carryforward If you carry forward your NOL to a tax year after the NOL year, list your NOL deduction as a negative figure on the “Other income” line of Form 1040 or Form 1040NR (line 21 for 2013). 2010 tax form Estates and trusts include an NOL deduction on Form 1041 with other deductions not subject to the 2% limit (line 15a for 2013). 2010 tax form You must attach a statement that shows all the important facts about the NOL. 2010 tax form Your statement should include a computation showing how you figured the NOL deduction. 2010 tax form If you deduct more than one NOL in the same year, your statement must cover each of them. 2010 tax form Change in Marital Status If you and your spouse were not married to each other in all years involved in figuring NOL carrybacks and carryovers, only the spouse who had the loss can take the NOL deduction. 2010 tax form If you file a joint return, the NOL deduction is limited to the income of that spouse. 2010 tax form For example, if your marital status changes because of death or divorce, and in a later year you have an NOL, you can carry back that loss only to the part of the income reported on the joint return (filed with your former spouse) that was related to your taxable income. 2010 tax form After you deduct the NOL in the carryback year, the joint rates apply to the resulting taxable income. 2010 tax form Refund limit. 2010 tax form   If you are not married in the NOL year (or are married to a different spouse), and in the carryback year you were married and filed a joint return, your refund for the overpaid joint tax may be limited. 2010 tax form You can claim a refund for the difference between your share of the refigured tax and your contribution toward the tax paid on the joint return. 2010 tax form The refund cannot be more than the joint overpayment. 2010 tax form Attach a statement showing how you figured your refund. 2010 tax form Figuring your share of a joint tax liability. 2010 tax form   There are five steps for figuring your share of the refigured joint tax liability. 2010 tax form Figure your total tax as though you had filed as married filing separately. 2010 tax form Figure your spouse's total tax as though your spouse had also filed as married filing separately. 2010 tax form Add the amounts in (1) and (2). 2010 tax form Divide the amount in (1) by the amount in (3). 2010 tax form Multiply the refigured tax on your joint return by the amount figured in (4). 2010 tax form This is your share of the joint tax liability. 2010 tax form Figuring your contribution toward tax paid. 2010 tax form   Unless you have an agreement or clear evidence of each spouse's contributions toward the payment of the joint tax liability, figure your contribution by adding the tax withheld on your wages and your share of joint estimated tax payments or tax paid with the return. 2010 tax form If the original return for the carryback year resulted in an overpayment, reduce your contribution by your share of the tax refund. 2010 tax form Figure your share of a joint payment or refund by the same method used in figuring your share of the joint tax liability. 2010 tax form Use your taxable income as originally reported on the joint return in steps (1) and (2) above, and substitute the joint payment or refund for the refigured joint tax in step (5). 2010 tax form Change in Filing Status If you and your spouse were married and filed a joint return for each year involved in figuring NOL carrybacks and carryovers, figure the NOL deduction on a joint return as you would for an individual. 2010 tax form However, treat the NOL deduction as a joint NOL. 2010 tax form If you and your spouse were married and filed separate returns for each year involved in figuring NOL carrybacks and carryovers, the spouse who sustained the loss may take the NOL deduction on a separate return. 2010 tax form Special rules apply for figuring the NOL carrybacks and carryovers of married people whose filing status changes for any tax year involved in figuring an NOL carryback or carryover. 2010 tax form Separate to joint return. 2010 tax form   If you and your spouse file a joint return for a carryback or carryforward year, and were married but filed separate returns for any of the tax years involved in figuring the NOL carryback or carryover, treat the separate carryback or carryover as a joint carryback or carryover. 2010 tax form Joint to separate returns. 2010 tax form   If you and your spouse file separate returns for a carryback or carryforward year, but filed a joint return for any or all of the tax years involved in figuring the NOL carryover, figure each of your carryovers separately. 2010 tax form Joint return in NOL year. 2010 tax form   Figure each spouse's share of the joint NOL through the following steps. 2010 tax form Figure each spouse's NOL as if he or she filed a separate return. 2010 tax form See How To Figure an NOL , earlier. 2010 tax form If only one spouse has an NOL, stop here. 2010 tax form All of the joint NOL is that spouse's NOL. 2010 tax form If both spouses have an NOL, multiply the joint NOL by a fraction, the numerator of which is spouse A's NOL figured in (1) and the denominator of which is the total of the spouses' NOLs figured in (1). 2010 tax form The result is spouse A's share of the joint NOL. 2010 tax form The rest of the joint NOL is spouse B's share. 2010 tax form Example 1. 2010 tax form Mark and Nancy are married and file a joint return for 2013. 2010 tax form They have an NOL of $5,000. 2010 tax form They carry the NOL back to 2011, a year in which Mark and Nancy filed separate returns. 2010 tax form Figured separately, Nancy's 2013 deductions were more than her income, and Mark's income was more than his deductions. 2010 tax form Mark does not have any NOL to carry back. 2010 tax form Nancy can carry back the entire $5,000 NOL to her 2011 separate return. 2010 tax form Example 2. 2010 tax form Assume the same facts as in Example 1 , except that both Mark and Nancy had deductions in 2013 that were more than their income. 2010 tax form Figured separately, his NOL is $1,800 and her NOL is $3,000. 2010 tax form The sum of their separate NOLs ($4,800) is less than their $5,000 joint NOL because his deductions included a $200 net capital loss that is not allowed in figuring his separate NOL. 2010 tax form The loss is allowed in figuring their joint NOL because it was offset by Nancy's capital gains. 2010 tax form Mark's share of their $5,000 joint NOL is $1,875 ($5,000 × $1,800/$4,800) and Nancy's is $3,125 ($5,000 − $1,875). 2010 tax form Joint return in previous carryback or carryforward year. 2010 tax form   If only one spouse had an NOL deduction on the previous year's joint return, all of the joint carryover is that spouse's carryover. 2010 tax form If both spouses had an NOL deduction (including separate carryovers of a joint NOL, figured as explained in the previous discussion ), figure each spouse's share of the joint carryover through the following steps. 2010 tax form Figure each spouse's modified taxable income as if he or she filed a separate return. 2010 tax form See Modified taxable income under How To Figure an NOL Carryover , later. 2010 tax form Multiply the joint modified taxable income you used to figure the joint carryover by a fraction, the numerator of which is spouse A's modified taxable income figured in (1) and the denominator of which is the total of the spouses' modified taxable incomes figured in (1). 2010 tax form This is spouse A's share of the joint modified taxable income. 2010 tax form Subtract the amount figured in (2) from the joint modified taxable income. 2010 tax form This is spouse B's share of the joint modified taxable income. 2010 tax form Reduce the amount figured in (3), but not below zero, by spouse B's NOL deduction. 2010 tax form Add the amounts figured in (2) and (4). 2010 tax form Subtract the amount figured in (5) from spouse A's NOL deduction. 2010 tax form This is spouse A's share of the joint carryover. 2010 tax form The rest of the joint carryover is spouse B's share. 2010 tax form Example. 2010 tax form Sam and Wanda filed a joint return for 2011 and separate returns for 2012 and 2013. 2010 tax form In 2013, Sam had an NOL of $18,000 and Wanda had an NOL of $2,000. 2010 tax form They choose to carry back both NOLs 2 years to their 2011 joint return and claim a $20,000 NOL deduction. 2010 tax form Their joint modified taxable income (MTI) for 2011 is $15,000, and their joint NOL carryover to 2012 is $5,000 ($20,000 – $15,000). 2010 tax form Sam and Wanda each figure their separate MTI for 2011 as if they had filed separate returns. 2010 tax form Then they figure their shares of the $5,000 carryover as follows. 2010 tax form Step 1. 2010 tax form   Sam's separate MTI $9,000 Wanda's separate MTI + 3,000 Total MTI $12,000 Step 2. 2010 tax form   Joint MTI $15,000 Sam's MTI ÷ total MTI ($9,000 ÷ $12,000) × . 2010 tax form 75 Sam's share of joint MTI $11,250 Step 3. 2010 tax form   Joint MTI $15,000 Sam's share of joint MTI − 11,250 Wanda's share of joint MTI $3,750 Step 4. 2010 tax form   Wanda's share of joint MTI $3,750 Wanda's NOL deduction − 2,000 Wanda's remaining share $1,750 Step 5. 2010 tax form   Sam's share of joint MTI $11,250 Wanda's remaining share + 1,750 Joint MTI to be offset $13,000 Step 6. 2010 tax form   Sam's NOL deduction $18,000 Joint MTI to be offset − 13,000 Sam's carryover to 2012 $5,000 Joint carryover to 2012 $5,000 Sam's carryover − 5,000 Wanda's carryover to 2012 $-0- Wanda's $2,000 NOL deduction offsets $2,000 of her $3,750 share of the joint modified taxable income and is completely used up. 2010 tax form She has no carryover to 2012. 2010 tax form Sam's $18,000 NOL deduction offsets all of his $11,250 share of joint modified taxable income and the remaining $1,750 of Wanda's share. 2010 tax form His carryover to 2012 is $5,000. 2010 tax form Illustrated Form 1045 The following example illustrates how to use Form 1045 to claim an NOL deduction in a carryback year. 2010 tax form It includes a filled-in page 1 of Form 1045. 2010 tax form Example. 2010 tax form Martha Sanders is a self-employed contractor. 2010 tax form Martha's 2013 deductions are more than her 2013 income because of a business loss. 2010 tax form She uses Form 1045 to carry back her NOL 2 years and claim an NOL deduction in 2011. 2010 tax form Her filing status in both years was single. 2010 tax form See the filled-in Form 1045 later. 2010 tax form Martha figures her 2013 NOL on Form 1045, Schedule A (not shown). 2010 tax form (For an example using Form 1045, Schedule A, see Illustrated Form 1045, Schedule A under How To Figure an NOL , earlier. 2010 tax form ) She enters the $10,000 NOL from Form 1045, Schedule A, line 25, on Form 1045, line 1a. 2010 tax form Martha completes lines 10 through 25, using the “Before carryback” column under the column for the second preceding tax year ended 12/31/11 on page 1 of Form 1045 using the following amounts from her 2011 return. 2010 tax form 2011 Adjusted gross income $50,000 Itemized deductions:     Medical expenses [$6,000 − ($50,000 × 7. 2010 tax form 5%)] $2,250   State income tax + 2,000   Real estate tax + 4,000   Home mortgage interest + 5,000   Total itemized deductions $13,250 Exemption $3,700 Income tax $4,550 Self-employment tax $6,120   Martha refigures her taxable income for 2011 after carrying back her 2013 NOL as follows: 2011 Adjusted gross income $50,000 Less:     NOL from 2013 −10,000 2011 Adjusted gross income after carryback $40,000 Less:     Itemized deductions:     Medical expenses [$6,000 − ($40,000 × 7. 2010 tax form 5%)] $3,000   State income tax + 2,000   Real estate tax + 4,000   Home mortgage interest + 5,000   Total itemized deductions −14,000 Less:     Exemption − 3,700 2011 Taxable income after carryback $22,300 Martha then completes lines 10 through 25, using the “After carryback” column under the column for the second preceding tax year ended 12/31/11. 2010 tax form On line 10, Martha enters her $10,000 NOL deduction. 2010 tax form Her new adjusted gross income on line 11 is $40,000 ($50,000 − $10,000). 2010 tax form To complete line 12, she must refigure her medical expense deduction using her new adjusted gross income. 2010 tax form Her refigured medical expense deduction is $3,000 [$6,000 − ($40,000 × 7. 2010 tax form 5%)]. 2010 tax form This increases her total itemized deductions to $14,000 [$13,250 + ($3,000 − $2,250)]. 2010 tax form Martha uses her refigured taxable income ($22,300) from line 15, and the tax tables in her 2011 Form 1040 instructions to find her income tax. 2010 tax form She enters the new amount, $2,924, on line 16, and her new total tax liability, $9,044, on line 25. 2010 tax form Martha used up her $10,000 NOL in 2011 so she does not complete a column for the first preceding tax year ended 12/31/2012. 2010 tax form The decrease in tax because of her NOL deduction (line 27) is $1,612. 2010 tax form Martha files Form 1045 after filing her 2013 return, but no later than December 31, 2014. 2010 tax form She mails it to the Internal Revenue Service Center for the place where she lives as shown in the 2013 instructions for Form 1040 and attaches a copy of her 2013 return (including the applicable forms and schedules). 2010 tax form This image is too large to be displayed in the current screen. 2010 tax form Please click the link to view the image. 2010 tax form Form 1045, page 1 How To Figure an NOL Carryover If your NOL is more than your taxable income for the year to which you carry it (figured before deducting the NOL), you may have an NOL carryover. 2010 tax form You must make certain modifications to your taxable income to determine how much NOL you will use up in that year and how much you can carry over to the next tax year. 2010 tax form Your carryover is the excess of your NOL deduction over your modified taxable income for the carryback or carryforward year. 2010 tax form If your NOL deduction includes more than one NOL, apply the NOLs against your modified taxable income in the same order in which you incurred them, starting with the earliest. 2010 tax form Modified taxable income. 2010 tax form   Your modified taxable income is your taxable income figured with the following changes. 2010 tax form You cannot claim an NOL deduction for the NOL carryover you are figuring or for any later NOL. 2010 tax form You cannot claim a deduction for capital losses in excess of your capital gains. 2010 tax form Also, you must increase your taxable income by the amount of any section 1202 exclusion. 2010 tax form You cannot claim the domestic production activities deduction. 2010 tax form You cannot claim a deduction for your exemptions for yourself, your spouse, or dependents. 2010 tax form You must figure any item affected by the amount of your adjusted gross income after making the changes in (1), (2), and (3), above, and certain other changes to your adjusted gross income that result from (1), (2), and (3). 2010 tax form This includes income and deduction items used to figure adjusted gross income (for example, IRA deductions), as well as certain itemized deductions. 2010 tax form To figure a charitable contribution deduction, do not include deductions for NOL carrybacks in the change in (1) but do include deductions for NOL carryforwards from tax years before the NOL year. 2010 tax form   Your taxable income as modified cannot be less than zero. 2010 tax form Form 1045, Schedule B. 2010 tax form   You can use Form 1045, Schedule B, to figure your modified taxable income for carryback years and your carryover from each of those years. 2010 tax form Do not use Form 1045, Schedule B, for a carryforward year. 2010 tax form If your 2013 return includes an NOL deduction from an NOL year before 2013 that reduced your taxable income to zero (to less than zero, if an estate or trust), see NOL Carryover From 2013 to 2014 , later. 2010 tax form Illustrated Form 1045, Schedule B The following example illustrates how to figure an NOL carryover from a carryback year. 2010 tax form It includes a filled-in Form 1045, Schedule B. 2010 tax form Example. 2010 tax form Ida Brown runs a small clothing shop. 2010 tax form In 2013, she has an NOL of $36,000 that she carries back to 2011. 2010 tax form She has no other carrybacks or carryforwards to 2011. 2010 tax form Ida's adjusted gross income in 2011 was $35,000, consisting of her salary of $36,000 minus a $1,000 capital loss deduction. 2010 tax form She is single and claimed only one personal exemption of $3,700. 2010 tax form During that year, she gave $1,450 in charitable contributions. 2010 tax form Her medical expenses were $3,000. 2010 tax form She also deducted $1,650 in taxes and $3,125 in home mortgage interest. 2010 tax form Her deduction for charitable contributions was not limited because her contributions, $1,450, were less than 50% of her adjusted gross income. 2010 tax form The deduction for medical expenses was limited to expenses over 7. 2010 tax form 5% of adjusted gross income (. 2010 tax form 075 × $35,000 = $2,625; $3,000 − $2,625 = $375). 2010 tax form The deductions for taxes and home mortgage interest were not subject to any limits. 2010 tax form She was able to claim $6,600 ($1,450 + $375 + $1,650 + $3,125) in itemized deductions and a personal exemption deduction of $3,700 for 2011. 2010 tax form She had no other deductions in 2011 (except the NOL deduction). 2010 tax form Her taxable income (figured without the NOL deduction) for the year was $24,700. 2010 tax form Ida's adjusted gross income in 2012 was $9,325, consisting of net business income from the clothing shop of $12,325 and a net capital loss of $3,000. 2010 tax form She did not itemize her deductions in 2012. 2010 tax form She deducted the standard deduction of $5,950 and the personal exemption deduction of $3,800. 2010 tax form She had no other deductions in 2012 (other than the NOL deduction). 2010 tax form Her taxable income, therefore, was ($425). 2010 tax form Ida's $36,000 carryback will result in her having 2011 taxable income of zero. 2010 tax form She then completes the column for the second preceding tax year ended 12/31/11 on Form 1045, Schedule B, to figure how much of her NOL she uses up in 2011 and how much she can carry over to 2012. 2010 tax form She completes the column for the first preceding tax year ended 12/31/12. 2010 tax form See the illustrated Form 1045, Schedule B , shown later. 2010 tax form Column 1, line 1. 2010 tax form Ida enters $36,000, her 2013 net operating loss, on line 1. 2010 tax form Column 1, line 2. 2010 tax form She enters $24,700, her 2011 taxable income (figured without the NOL deduction), on line 2. 2010 tax form Column 1, line 3. 2010 tax form Ida enters her net capital loss deduction of $1,000 on line 3. 2010 tax form Column 1, lines 4 and 5. 2010 tax form Ida had no section 1202 exclusion or domestic production activities deduction in 2011. 2010 tax form She enters zero on lines 4 and 5. 2010 tax form Column 1, line 6. 2010 tax form Although Ida's entry on line 3 modifies her adjusted gross income, that does not affect any other items included in her adjusted gross income. 2010 tax form Ida enters zero on line 6. 2010 tax form Column 1, line 7. 2010 tax form Ida had itemized deductions and entered $1,000 on line 3, so she completes lines 11 through 38 to figure her adjustment to itemized deductions. 2010 tax form On line 7, she enters the total adjustment from line 38. 2010 tax form Column 1, line 8. 2010 tax form Ida enters the deduction for her personal exemption of $3,700 for 2011. 2010 tax form Column 1, line 9. 2010 tax form After combining lines 2 through 8, Ida's modified taxable income is $29,475. 2010 tax form Column 1, line 10. 2010 tax form Ida figures her carryover to 2012 by subtracting her modified taxable income (line 9) from her NOL deduction (line 1). 2010 tax form She enters the $6,525 carryover on line 10. 2010 tax form She also enters the $6,525 as her NOL deduction for 2012 on Form 1045, page 1, line 10, in the “After carryback” column under the column for the first preceding tax year ended 12/31/12. 2010 tax form (For an illustrated example of page 1 of Form 1045, see Illustrated Form 1045 under How To Claim an NOL Deduction , earlier. 2010 tax form ) Next, Ida completes column 2 for the first preceding tax year ended 12/31/12. 2010 tax form Column 1, line 11. 2010 tax form Ida's adjusted gross income for 2011 was $35,000. 2010 tax form Column 1, line 12. 2010 tax form She adds lines 3 through 6 and enters $1,000 on line 12. 2010 tax form (This is her net capital loss deduction added back, which modifies her adjusted gross income. 2010 tax form ) Column 1, line 13. 2010 tax form Her modified adjusted gross income for 2011 is now $36,000. 2010 tax form Column 1, line 14. 2010 tax form On her 2011 tax return, she deducted $375 as medical expenses. 2010 tax form Column 1, line 15. 2010 tax form Her actual medical expenses were $3,000. 2010 tax form Column 1, line 16. 2010 tax form She multiplies her modified adjusted gross income, $36,000, by . 2010 tax form 075. 2010 tax form She enters $2,700 on line 16. 2010 tax form Column 1, line 17. 2010 tax form She substracts $2,700 from her actual medical expenses, $3,000. 2010 tax form She enters $300 on line 17. 2010 tax form This is her modified medical deduction. 2010 tax form Column 1, line 18. 2010 tax form The difference between her medical deduction and her modified medical deduction is $75. 2010 tax form She enters this on line 18. 2010 tax form Column 1, lines 19 through 21. 2010 tax form Ida had no deduction for qualified mortgage insurance premiums in 2011. 2010 tax form She skips lines 19 and 20 and enters zero on line 21. 2010 tax form Column 1, line 22. 2010 tax form She enters her modified adjusted gross income of $36,000 on line 22. 2010 tax form Column 1, line 23. 2010 tax form She had no other carrybacks to 2011 and enters zero on line 23. 2010 tax form Column 1, line 24. 2010 tax form Her modified adjusted gross income remains $36,000. 2010 tax form Column 1, line 25. 2010 tax form Her actual contributions for 2011 were $1,450, which she enters on line 25. 2010 tax form Column 1, line 26. 2010 tax form She now refigures her charitable contributions based on her modified adjusted gross income. 2010 tax form Her contributions are well below the 50% limit, so she enters $1,450 on line 26. 2010 tax form Column 1, line 27. 2010 tax form The difference is zero. 2010 tax form Column 1, lines 28 through 37. 2010 tax form Ida had no casualty losses or deductions for miscellaneous items in 2011. 2010 tax form She skips lines 28 through 31 and lines 33 through 36. 2010 tax form Ida enters zero on lines 32 and 37. 2010 tax form Column 1, line 38. 2010 tax form She combines lines 18, 21, 27, 32, and 37 and enters $75 on line 38. 2010 tax form She carries this figure to line 7. 2010 tax form Column 2, line 1. 2010 tax form Ida enters $6,525, the carryback of her 2013 NOL to 2012, from column 1, line 10, on line 1. 2010 tax form Column 2, line 2. 2010 tax form She enters ($425), her 2012 taxable income, on line 2. 2010 tax form Column 2, line 3. 2010 tax form Ida enters her net capital loss deduction of $3,000 on line 3. 2010 tax form Column 2, lines 4 and 5. 2010 tax form Ida had no section 1202 exclusion or domestic production activities deduction in 2012. 2010 tax form She enters zero on lines 4 and 5. 2010 tax form Column 2, line 6. 2010 tax form Although Ida's entry on line 3 modifies her adjusted gross income, that does not affect any other items included in her adjusted gross income. 2010 tax form Ida enters zero on line 6. 2010 tax form Column 2, line 7. 2010 tax form Because Ida did not itemize deductions on her 2012 tax return, she enters zero on line 7. 2010 tax form Column 2, line 8. 2010 tax form Ida enters the deduction for her personal exemption of $3,800 for 2012. 2010 tax form Column 2, line 9. 2010 tax form After combining lines 2 through 8, Ida's modified taxable income is $6,375. 2010 tax form Column 2, line 10. 2010 tax form Ida figures her carryforward to 2014 by subtracting her modified taxable income (line 9) from her NOL deduction (line 1). 2010 tax form She enters the $150 carryover on line 10. 2010 tax form This image is too large to be displayed in the current screen. 2010 tax form Please click the link to view the image. 2010 tax form Form 1045, page 3 This image is too large to be displayed in the current screen. 2010 tax form Please click the link to view the image. 2010 tax form Form 1045, page 4 NOL Carryover From 2013 to 2014 If you had an NOL deduction carried forward from a year prior to 2013 that resulted in your having taxable income on your 2013 return of zero (of less than zero, if an estate or trust), complete Table 1 , Worksheet for NOL Carryover From 2013 to 2014, on the following pages. 2010 tax form It will help you figure your NOL to carry to 2014. 2010 tax form Keep the worksheet for your records. 2010 tax form Worksheet Instructions At the top of the worksheet, enter the NOL year for which you are figuring the carryover. 2010 tax form More than one NOL. 2010 tax form   If your 2013 NOL deduction includes amounts for more than one loss year, complete this worksheet only for one loss year. 2010 tax form To determine which year, start with your earliest NOL and subtract each NOL separately from your taxable income figured without the NOL deduction. 2010 tax form Complete this worksheet for the earliest NOL that results in your having taxable income below zero. 2010 tax form Your NOL carryover to 2014 is the total of the amount on line 10 of the worksheet and all later NOL amounts. 2010 tax form Example. 2010 tax form Your taxable income for 2013 is $5,000 without your $9,000 NOL deduction. 2010 tax form Your NOL deduction includes a $2,000 carryover from 2011 and a $7,000 carryover from 2012. 2010 tax form Subtract your 2011 NOL of $2,000 from $5,000. 2010 tax form This gives you taxable income of $3,000. 2010 tax form Your 2011 NOL is now completely used up. 2010 tax form Subtract your $7,000 2012 NOL from $3,000. 2010 tax form This gives you taxable income of ($4,000). 2010 tax form You now complete the worksheet for your 2012 NOL. 2010 tax form Your NOL carryover to 2014 is the unused part of your 2012 NOL from line 10 of the worksheet. 2010 tax form Line 2. 2010 tax form   Treat your NOL deduction for the NOL year entered at the top of the worksheet and later years as a positive amount. 2010 tax form Add it to your negative taxable income (figured without the NOL deduction). 2010 tax form Enter the result on line 2. 2010 tax form Line 6. 2010 tax form   You must refigure the following income and deductions based on adjusted gross income. 2010 tax form The special allowance for passive activity losses from rental real estate activities. 2010 tax form Taxable social security and tier 1 railroad retirement benefits. 2010 tax form IRA deductions. 2010 tax form Excludable savings bond interest. 2010 tax form Excludable employer-provided adoption benefits. 2010 tax form The student loan interest deduction. 2010 tax form The tuition and fees deduction. 2010 tax form   If none of these items apply to you, enter zero on line 6. 2010 tax form Otherwise, increase your adjusted gross income by the total of lines 3 through 5 and your NOL deduction for the NOL year entered at the top of the worksheet and later years. 2010 tax form Using this increased adjusted gross income, refigure the items that apply, in the order listed above. 2010 tax form Your adjustment for each item is the difference between the refigured amount and the amount included on your return. 2010 tax form Combine the adjustments for previous items with your adjusted gross income before refiguring the next item. 2010 tax form Keep a record of your computations. 2010 tax form   Enter your total adjustments for the above items on line 6. 2010 tax form Line 7. 2010 tax form   Enter zero if you claimed the standard deduction or the amounts on lines 3 through 5 are zero. 2010 tax form Otherwise, use lines 11 through 33 of the worksheet to figure the amount to enter on this line. 2010 tax form Complete only those sections that apply to you. 2010 tax form Estates and trusts. 2010 tax form   Enter zero on line 7 if you did not claim any miscellaneous deductions on Form 1041, line 15c, or a casualty or theft loss. 2010 tax form Otherwise, refigure these deductions by substituting modified adjusted gross income (see below ) for adjusted gross income. 2010 tax form Subtract the recomputed deductions from those claimed on the return. 2010 tax form Enter the result on line 7. 2010 tax form Modified adjusted gross income. 2010 tax form   To refigure miscellaneous itemized deductions of an estate or trust (Form 1041, line 15c), modified adjusted gross income is the total of the following amounts. 2010 tax form The adjusted gross income on the return. 2010 tax form The amounts from lines 3 through 5 of the worksheet. 2010 tax form The exemption amount from Form 1041, line 20. 2010 tax form The NOL deduction for the NOL year entered at the top of the worksheet and for later years. 2010 tax form   To refigure the casualty and theft loss deduction of an estate or trust, modified adjusted gross income is the total of the following amounts. 2010 tax form The adjusted gross income amount you used to figure the deduction claimed on the return. 2010 tax form The amounts from lines 3 through 5 of the worksheet. 2010 tax form The NOL deduction for the NOL year entered at the top of the worksheet and for later years. 2010 tax form Line 11. 2010 tax form   Treat your NOL deduction for the NOL year entered at the top of the worksheet and for later years as a positive amount. 2010 tax form Add it to your adjusted gross income. 2010 tax form Enter the result on line 11. 2010 tax form Line 20. 2010 tax form   Is your modified adjusted gross income from line 13 of this worksheet more than $100,000 ($50,000 if married filing separately)?   □ Yes. 2010 tax form Your deduction is limited. 2010 tax form Refigure your deduction using the Mortgage Insurance Premiums Deduction Worksheet in the 2013 Instructions for Form 1045. 2010 tax form On line 2 of the Mortgage Insurance Premiums Deduction Worksheet, enter the amount from line 13 of this worksheet. 2010 tax form   □ No. 2010 tax form Your deduction is not limited. 2010 tax form Enter the amount from line 19 on line 20 and enter -0- on line 21. 2010 tax form Line 23. 2010 tax form   If you had a contributions carryover from 2012 to 2013 and your NOL deduction includes an amount from an NOL year before 2012, you may have to reduce your contributions carryover. 2010 tax form Reduce the contributions carryover by the amount of any adjustment you made to your 2012 charitable contributions deduction when figuring your NOL carryover to 2013. 2010 tax form Use the reduced contributions carryover to figure the amount to enter on line 23. 2010 tax form Please click here for the text description of the image. 2010 tax form Worksheet for NOL Carryover Worksheet for NOL Carryover (Continued) How To Get Tax Help Whether it's help with a tax issue, preparing your tax return or a need for a free publication or form, get the help you need the way you want it: online, use a smart phone, call or walk in to an IRS office or volunteer site near you. 2010 tax form Free help with your tax return. 2010 tax form   You can get free help preparing your return nationwide from IRS-certified volunteers. 2010 tax form The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. 2010 tax form The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. 2010 tax form Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. 2010 tax form In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. 2010 tax form To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. 2010 tax form gov, download the IRS2Go app, or call 1-800-906-9887. 2010 tax form   As part of the TCE program, AARP offers the Tax-Aide counseling program. 2010 tax form To find the nearest AARP Tax-Aide site, visit AARP's website at www. 2010 tax form aarp. 2010 tax form org/money/taxaide or call 1-888-227-7669. 2010 tax form For more information on these programs, go to IRS. 2010 tax form gov and enter “VITA” in the search box. 2010 tax form Internet. 2010 tax form    IRS. 2010 tax form gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. 2010 tax form Download the free IRS2Go app from the iTunes app store or from Google Play. 2010 tax form Use it to check your refund status, order transcripts of your tax returns or tax account, watch the IRS YouTube channel, get IRS news as soon as it's released to the public, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. 2010 tax form Check the status of your 2013 refund with the Where's My Refund? application on IRS. 2010 tax form gov or download the IRS2Go app and select the Refund Status option. 2010 tax form The IRS issues more than 9 out of 10 refunds in less than 21 days. 2010 tax form Using these applications, you can start checking on the status of your return within 24 hours after we receive your e-filed return or 4 weeks after you mail a paper return. 2010 tax form You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. 2010 tax form The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. 2010 tax form Use the Interactive Tax Assistant (ITA) to research your tax questions. 2010 tax form No need to wait on the phone or stand in line. 2010 tax form The ITA is available 24 hours a day, 7 days a week, and provides you with a variety of tax information related to general filing topics, deductions, credits, and income. 2010 tax form When you reach the response screen, you can print the entire interview and the final response for your records. 2010 tax form New subject areas are added on a regular basis. 2010 tax form  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. 2010 tax form gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. 2010 tax form You can use the IRS Tax Map to search publications and instructions by topic or keyword. 2010 tax form The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. 2010 tax form When the user searches the IRS Tax Map, they will be provided with links to related content in existing IRS publications, forms and instructions, questions and answers, and Tax Topics. 2010 tax form Coming this filing season, you can immediately view and print for free all 5 types of individual federal tax transcripts (tax returns, tax account, record of account, wage and income statement, and certification of non-filing) using Get Transcript. 2010 tax form You can also ask the IRS to mail a return or an account transcript to you. 2010 tax form Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. 2010 tax form gov or by calling 1-800-908-9946. 2010 tax form Tax return and tax account transcripts are generally available for the current year and the past three years. 2010 tax form Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. 2010 tax form Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. 2010 tax form If you received the First Time Homebuyer Credit, you can use the First Time Homebuyer Credit Account Look-up tool for information on your repayments and account balance. 2010 tax form Check the status of your amended return using Where's My Amended Return? Go to IRS. 2010 tax form gov and enter Where's My Amended Return? in the search box. 2010 tax form You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. 2010 tax form It can take up to 3 weeks from the date you mailed it to show up in our system. 2010 tax form Make a payment using one of several safe and convenient electronic payment options available on IRS. 2010 tax form gov. 2010 tax form Select the Payment tab on the front page of IRS. 2010 tax form gov for more information. 2010 tax form Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. 2010 tax form Figure your income tax withholding with the IRS Withholding Calculator on IRS. 2010 tax form gov. 2010 tax form Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. 2010 tax form Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. 2010 tax form gov. 2010 tax form Request an Electronic Filing PIN by going to IRS. 2010 tax form gov and entering Electronic Filing PIN in the search box. 2010 tax form Download forms, instructions and publications, including accessible versions for people with disabilities. 2010 tax form Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. 2010 tax form gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. 2010 tax form An employee can answer questions about your tax account or help you set up a payment plan. 2010 tax form Before you visit, check the Office Locator on IRS. 2010 tax form gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. 2010 tax form If you have a special need, such as a disability, you can request an appointment. 2010 tax form Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. 2010 tax form Apply for an Employer Identification Number (EIN). 2010 tax form Go to IRS. 2010 tax form gov and enter Apply for an EIN in the search box. 2010 tax form Read the Internal Revenue Code, regulations, or other official guidance. 2010 tax form Read Internal Revenue Bulletins. 2010 tax form Sign up to receive local and national tax news and more by email. 2010 tax form Just click on “subscriptions” above the search box on IRS. 2010 tax form gov and choose from a variety of options. 2010 tax form Phone. 2010 tax form    You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. 2010 tax form Download the free IRS2Go app from the iTunes app store or from Google Play. 2010 tax form Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. 2010 tax form gov, or download the IRS2Go app. 2010 tax form Low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. 2010 tax form The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. 2010 tax form Most VITA and TCE sites offer free electronic filing. 2010 tax form Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. 2010 tax form Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. 2010 tax form Call the automated Where's My Refund? information hotline to check the status of your 2013 refund 24 hours a day, 7 days a week at 1-800-829-1954. 2010 tax form If you e-file, you can start checking on the status of your return within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. 2010 tax form The IRS issues more than 9 out of 10 refunds in less than 21 days. 2010 tax form Where's My Refund? will give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. 2010 tax form Before you call this automated hotline, have your 2013 tax return handy so you can enter your social security number, your filing status, and the exact whole dollar amount of your refund. 2010 tax form The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. 2010 tax form Note, the above information is for our automated hotline. 2010 tax form Our live phone and walk-in assistors can research the status of your refund only if it's been 21 days or more since you filed electronically or more than 6 weeks since you mailed your paper return. 2010 tax form Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. 2010 tax form You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. 2010 tax form It can take up to 3 weeks from the date you mailed it to show up in our system. 2010 tax form Call 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions, publications, and prior-year forms and instructions (limited to 5 years). 2010 tax form You should receive your order within 10 business days. 2010 tax form Call TeleTax, 1-800-829-4477, to listen to pre-recorded messages covering general and business tax information. 2010 tax form If, between January and April 15, you still have questions about the Form 1040, 1040A, or 1040EZ (like filing requirements, dependents, credits, Schedule D, pensions and IRAs or self-employment taxes), call 1-800-829-1040. 2010 tax form Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. 2010 tax form The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. 2010 tax form These individuals can also contact the IRS through relay services such as the Federal Relay Service. 2010 tax form Walk-in. 2010 tax form   You can find a selection of forms, publications and services — in person. 2010 tax form Products. 2010 tax form You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. 2010 tax form Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. 2010 tax form Services. 2010 tax form You can walk in to your local TAC for face-to-face tax help. 2010 tax form An employee can answer questions about your tax account or help you set up a payment plan. 2010 tax form Before visiting, use the Office Locator tool on IRS. 2010 tax form gov, or choose the Contact Us option on the IRS2Go app and search Local Offices for days and hours of operation, and services provided. 2010 tax form Mail. 2010 tax form   You can send your order for forms, instructions, and publications to the address below. 2010 tax form You should receive a response within 10 business days after your request is received. 2010 tax form Internal Revenue Service 1201 N. 2010 tax form Mitsubishi Motorway Bloomington, IL 61705-6613    The Taxpayer Advocate Service Is Here to Help You. 2010 tax form The Taxpayer Advocate Service (TAS) is your voice at the IRS. 2010 tax form Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. 2010 tax form   What can TAS do for you? We can offer you free help with IRS problems that you can't resolve on your own. 2010 tax form We know this process can be confusing, but the worst thing you can do is nothing at all! TAS can help if you can't resolve your tax problem and: Your problem is causing financial difficulties for you, your family, or your business. 2010 tax form You face (or your business is facing) an immediate threat of adverse action. 2010 tax form You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. 2010 tax form   If you qualify for our help, you'll be assigned to one advocate who'll be with you at every turn and will do everything possible to resolve your problem. 2010 tax form Here's why we can help: TAS is an independent organization within the IRS. 2010 tax form Our advocates know how to work with the IRS. 2010 tax form Our services are free and tailored to meet your needs. 2010 tax form We have offices in every state, the District of Columbia, and Puerto Rico. 2010 tax form   How can you reach us? If you think TAS can help you, call your local advocate, whose number is in your local directory and at Taxpayer Advocate, or call us toll-free at 1-877-777-4778. 2010 tax form   How else does TAS help taxpayers?  TAS also works to resolve large-scale, systemic problems that affect many taxpayers. 2010 tax form If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System. 2010 tax form Low Income Taxpayer Clinics Low Income