I'm ***** ***** Mason. My wife and I, joint return
filers, had a large S-Corp NOL. I'm working on completing Form
1045. For the 2nd preceding year; I completed the Before Carryback column and went on to the After Carryback column. I have completed Schedule B
and have adjusted for the modified Adj Gross Inc, deductions
, and have removed the exemptions. I calculated the new taxable income
after carryback. How do I apply the NOL carryback to the new adjusted Taxable income? I will have a substantial carryover after applying the new taxable income to the NOL.
JA: Thanks. Can you give me any more details about your issue?
Customer: Yes I can. What details would help you?
JA: OK got it. Last thing — Tax
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