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Yes, the rollover is treated as ordinary income and moving only enough to keep you in a low bracket is a good idea. If you had a net operating loss then Schedule A of Form 1045 may have been completed by the tax preparer. This IRS publication explains net operating losses:
Yes, all of those items can be claimed as deductions and credits. However, some of those deductions may not be available since they must exceed certain limits (for example medical expenses must exceed 7.5% of AGI, miscellaneous expenses must exceed 2% of AGI, stock losses are limited to $3,000, etc). Here is a list of other deductions - http://www.irs.gov/taxtopics/tc500.html
I need help understanding a company's sales statement.