|
“1.Enter the amount from your 2005 Form 1040, line 41. Estates and trusts, enter taxable income increased by the amount of
the charitable
deduction, income distribution, and exemption amount” field contains negative 7,350
|
|
“2. Nonbusiness capital losses before limitation. Enter as a positive number” field contains 1,000
|
|
“3. Nonbusiness capital gains (without regard to any section 1202 exclusion)” field is blank
|
|
“4. If line 2 is more than line 3, enter the difference; otherwise, enter 0” field contains 1,000
|
|
“5. If line 3 is more than line 2, enter the difference; otherwise, enter 0” field contains 0
|
|
“6. Nonbusiness deductions. See page 5 of the instructions” field contains 5,000
|
|
“7. Nonbusiness income other than capital gains. See page 5 of the instructions” field contains 425
|
|
“8. Add lines 5and 7” field contains 425
|
|
“9. If line 6 is more than line 8, enter the difference; otherwise, enter 0” field contains 4,575
|
|
“10. If line 8 is more than line 6, enter the difference; otherwise, enter 0. But do not enter more than line 5” field contains
0
|
|
“11. Business capital losses before limitation. Enter as a positive number” field is blank
|
|
“12. Business capital gains (without regard to any section 1202 exclusion)” field contains 2,000
|
|
“13. Add lines 10 and 12” field contains 2,000
|
|
“14. Subtract line 13 from line 11. If zero or less, enter 0” field contains 0
|
|
“15. Add lines 4 and 14” field contains 1,000
|
|
“18. Subtract line 17 from line 16. If zero or less, enter 0” field contains 0
|
|
“20. If line 18 is more than line 19, enter the difference; otherwise, enter 0” field contains 0
|
|
“21. If line 19 is more than line 18, enter the difference; otherwise, enter 0” field contains 0
|
|
“22. Subtract line 20 from line 15. If zero or less, enter 0” field contains 1,000
|
|
“23. Domestic production activities deduction from Form 1040, line 35 (or included on Form 1041, line 15)” field contains 0
|
|
“24. NOL. deduction for losses from other years. Enter as a positive number” field contains 0
|
|
“25. NOL. Combine lines 1, 9, 17, 21 through 24. If the result is less than zero, enter it here and on page 1, line 1a. If
the result is zero
or more, you do not have an NOL.”Field contains negative 1,775
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