I am trying to follow instructions, Publication 536, under subject "change in marital status", in carrying back an NOL generated by my client, widowed, and filing single in year of the NOL, to a year when my client filed a joint return with his now deceased spouse. I've calculated the portion of the NOL eligible for carryback, and applied the joint rates to the resulting taxable income, per Publication 536, This results in $17,401 tax as originally filed, and $763 tax as amended. My client's portion of the $763 tax as amended, is $568, and his portion of the tax paid on the joint return is$11,354 ($231 withheld on his W-2, and one half estimated tax payments of $22,246) using Pub 536 instructions. The overpayment shown on the original return was $5,076. Assuming I've come to correct figures above, do I use the joint figures of $231, $22,246, and $22,477 in column C, lines 11, 12 and 18, respectively, on 1040X? If so, resulting overpayment of $16,638 on 1040X line 22 calculated by my program is incorrect, per Pub 536, as the refund is limited to $10,786 ($11,354 less $568). Pub 536 instructs you to attach a statement showing how refund is figured. Do I just white out $16,638 on line 22, replace with $10,786, and write in "See attached refund computation"?
- posted
16 years ago
>
>
>
>
>
>
>
>
>