Tax Help Archives  
Pub. 536, Net Operating Losses (NOLs) for Individuals, Estates, and Trusts 2004 Tax Year

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 (2004) Page 2. Summary: This is an example of Form 1040 (2004), page 2 as pertains to the text. The completed line items are:

Under “Tax and Credits”:
36. Amount from line 35 (adjusted gross income)” field contains negative 2,350
38. Itemized deductions (from Schedule A) or your standard deduction (see left margin)” field contains 4,700
39. Subtract line 38 from line 36” field contains negative 7,050
40. If line 36 is $103,000 or less, multiply $3,000 by the total number of exemptions claimed on line 6d. If line 36 is over $103,000, see the worksheet on page 35” field contains 3,000
41. Taxable income. Subtract line 40 from line 39. If line 40 is more than line 39, enter 0” field contains 0
Under “Sign Here”:
Your signature” field contains Glenn M. Johnson
Date” field contains 2-5-2003
Your occupation” field contains Self-employed

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