1040-US: Screen 982, Attributes Available column

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Question

What information does the Attributes Available column in Screen 982 provide?

Answer

If you enter X in the Display available credits and carryovers field in Screen 982, the available tax attributes that can be reduced displays. Perform a File > Print or File > Preview before marking this box to accurately calculate the available credits and carryovers. For more information about reducing tax attributes, see the Is there a particular order in which the tax attributes must be reduced? frequently asked question above.

Form 982 completes based on the data entered in the Screen 982. Enter excluded gross income amounts following the ordering rules located in IRS Publication 4681, Canceled Debts, Foreclosures, Repossessions and Abandonments.

Related topic: Form 982 - Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment) FAQs (1040)

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