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Form 1045 carryback single to MFJ

Technical topics regarding tax preparation.
#1
MLI  
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44
Joined:
4-Jun-2014 12:28pm
Location:
Seattle
Am I doing this right?

Single taxpayer (widow) carrying back an NOL to a joint return. (First time I have done this.)

(1) I am reporting Married filing joint income/deductions and tax amounts on Form 1045 (in the "before carryback" and "after carryback" columns).

(2) Then I am attaching a schedule to show her share of joint tax liability and refund limit.

Is that right? It is not clear to me from reading PUB 536, if Form 1045 should report Married filing joint amounts or only her share of the joint income.
 

#2
Nilodop  
Posts:
13049
Joined:
21-Apr-2014 9:28am
Location:
Pennsylvania
From the Instructions:

For example, if your marital status changes because of death or divorce, and in a later year you have an NOL, you can carry back that loss only to the part of the income reported on the joint return (filed with your former spouse) that was related to your taxable income. After you deduct the NOL in the carryback year, the joint rates apply to the resulting taxable income.


Under "What to Attach"
• Any detailed allocation schedules for a filing status change or for different spouses between the gain and loss years; see Pub. 536.


I think your (1) and (2) are correct.
 


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