Publication 536: Net Operating Losses (NOLs) for Individuals, Estates, and Trusts;

This is archived information that pertains only to the 2004 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

Form 1040 U.S. Individual Income Tax Return 2004. Summary: This is an example of Form 1040 (2004) completed as pertains to the example in the text. The completed line items are:

Under “Label Here”:

“Your first name and initial” field contains Glenn M.

“Last name” field contains Johnson

“Your social security number” field contains 765-00-4321

“Home address (number and street). If you have a P.O. box, see page 21” field contains 5603 East Main Street

“City, town or post office, state, and ZIP code. If you have a foreign address, see page 21.” field contains Anytown, Virginia 20000

Under “Presidential Election Campaign”:

“Do you, or your spouse if filing a joint return, want $3 to go to this fund? You--Yes” checkbox checked

Under “Filing Status”:

“Single” checkbox checked

Under “Exemptions”:

“6a. Yourself. If your parent (or someone else) can claim you as a dependent on his or her tax return, do not check box 6a” checkbox checked

“Number of boxes checked on 6a and 6b” field contains 1

“6d. Total number of exemptions claimed” field contains 1

Under “Income”:

“7. Wages, salaries, tips, etcetera. Attach Form(s) W-2” field contains 1,225

“8a. Taxable interest. Attach Schedule B if required” field contains 425

“12. Business income or (loss). Attach Schedule C or C-EZ” field contains negative 5,000

“13. Capital gain or (loss). Attach Schedule D if required. If not required, check here” field contains 1,000 Footnote: Net capital gain ($2,000 gain less $1,000 loss)

“22. Add the amounts in the far right column for lines 7 through 21. This is your total income” field contains negative 2,350

Under “Adjusted Gross Income”:

“35. Subtract line 34 from line 22. This is your adjusted gross income” field contains negative 2,350