2018 UltraTax CS

Form 1045 and net operating loss worksheets FAQs (1040)

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Click the following questions to view answers to common questions about Form 1045 and net operating loss worksheets.

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

How is modified taxable income calculated for purposes of NOL?

When using the Invoice Pricing feature, I am unable to print just the Form 1045 on the invoice. That's all I want to bill for at this time. How can I receive just Form 1045 on the invoice?

How is NOL Worksheet 1, Pre-TCJA and Post-TCJA, line 2 (taxable income without NOL deduction) calculated?

When carrying the NOL back to the earliest year, why do the Carryover Summary and NOL Worksheets not show the excess NOL carryback amount as a carryover to the next year?