1040-US: Nonbusiness income and deductions on Form 1045 Schedule A and NOL Worksheet 1

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Question

What are the components of nonbusiness income and deductions on Form 1045 Schedule A and NOL Worksheet 1?

Answer

Note: In Forms view, click the NOL folder to view the Net Operating Loss Worksheet 1.

Nonbusiness income

UltraTax CS automatically includes the following on Net Operating Loss Worksheet 1, line 7:

Nonbusiness deductions

UltraTax CS automatically includes the following on Net Operating Loss Worksheet 1, line 6:

Related topic: Form 1045 and net operating loss worksheet FAQs (1040)

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