I'm stumped on an NOL

[veritas]

I am in the process of preparing an NOL carryback from 2008 to 2006 and 2007. Here is my confusion. When I carry back the NOL to 2006 it frees up the passive rental losses to the maximum of $25k.

Has anyone dealt with this before? My confusion stems from how to report properly on the Sch B (form 1045) which is required to be sent along with Form 1040X.

[snowshine]

The rental change gets entered on 1045 SCH-B Line 6 for each year. A statement must be prepared explaining what the changes are and how they were figured.

[veritas]

Thanks for the response

That's what I though too at first. But the instructions for Sch B line 6 say make an entry on this line if there is an entry on line 3 or 4. I don't have an entry on line 3 or 4.

[erchess]

Bump

Veritas I don't know the answer to your question but I am sending it back up to the top because I would like to get a response from Snowshine or someone who agrees with him.

Have you by any chance private messaged anyone?

[veritas]

No PM

But I believe the deduction goes on Sch B (form 1045) line 2. It reduces taxable income of the original return.

[taxea]

Is your entry on line 3 or 4 "zero" because of what it is asking for? Is this, then, not an entry?