Comprehensive Problem 4 2B es, an EIN, or inventory e number on the lines 1d, 3, an Ryan and Blake Lovely are married filing jointly taxpayers Ryan's birthdate is August 10, 1983, and Social Security number is 434 14 4448 Blake's birthdate is March 19, 1984, and their Social Security number is 763 16 1562 They live at 22 Thornton Road, Nashua, NH 03063 Both are self employed The Lovelys received the following statement from their brokerage account (see separate tab) The U S Treasury interest is associated with bonds that also have market discount The accrued market discount in 2023 was $47 02 The Lovelys elect to recognize market discount in the year earned Blake started a new life coach business in 2023 as a sole proprietor The business office is located at 4 Townsend W, Suite 8, Nashua, NH 03063 The business code is 812990 The financial results are Line Item Description Amount Client revenue $5,000 Office rent expense 14,000 Supplies 1,000 Utilities 500 Telephone 400 During 2023, Ryan invested in Vaporcoin, a virtual currency He purchased 40 units of Vaporcoin for $3,000 on February 2, 2023 On May 15, 2023, he exchanged the Vaporcoin into dollars when the value was $3,500 He did not receive a 1099 B from the Vaporcoin account Ryan also operates a small business teaching fitness classes in a park near their house The business code is 812190 Ryan has a loyal clientele, and the books and records show the following Line Item Description Amount Exercise class receipts $5,000 Exercise clothes 1,000 Various exercise supplies 1,800 The exercise clothes that Ryan purchased are not dissimilar to any other type of workout clothing Neither business has employees, an EIN, or inventory Both businesses are accounted for using the cash basis of accounting Ryan and Blake own a rental property located at 52 Charlotte Ave, Nashua, NH 03064 The condo was rented all year but is in need of an update The condo's finances are as follows Line Item Description Amount Rent $8,000 Interest 10,000 Property taxes 4,000 Utilities 1,400 Maintenance 500 Ryan and Blake made a $500 estimated payment on September 15, 2023 Required Lovelys' federal tax return for 2023 Use Form 1040, Schedule 1, Schedule 2, Schedule B, Schedule C (two of them), Schedule D, Form 8949, Schedule E, Schedule SE, Form 8995, Form 8582 (page 1 only) tax return Also, to compute the Lovelys' net operating loss carryforward, prepare only Schedule A of Form 1045 Form 1099 B, Form 1099 INT and Form 1099 DIV The Lovelys received the following statement from their brokerage account 2023 Combined Forms 1099 This is important tax information and is being furnished to the IRS (except as indicated) If you are required to file a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported Copy B for Recipient OMB No 1545 0110 Pooled Investments 40 Wall Street, 24th Floor New York, NY 10005 Account Number Tax ID Ryan and Blake Lovely 22 Thornton Road Nashua, NH 03063 2345660009 4448 Payer's Federal Tax ID 32 9863145 Financial Adviser Phone Monty Cook 888 555 1212 Form 1099 B Proceeds from Broker and Barter Exchange Transactions Box 6 Gross Proceeds Box 5 Not checked Box 3 Basis reported to IRS Box 2 Type of Gain or Loss Short term Box 1 Security description (CUSIP) Quantity sold Box 1b Date acquired Box 1c Date sold or disposed Box 1d Proceeds Box 1e Cost or other basis Box 1g Wash sale loss disallowed Gain (Loss) amount Green Lantern Inc 1,000 04 21 2018 03 22 2023 35,000 3,000 32,000 Form 1099 INT Interest Income Box 1 Interest income Box 2 Early withdrawal penalty Box 3 interest on U S Savings Bonds and Treasury obligations 64 55 600 00 Box 4 Federal income tax withheld Box 5 Investment expenses Box 6 Foreign Tax Paid Box 7 Foreign country or U S possession Box 8 Tax excempt interest Box 9 Specified private activity bond interest Box 10 Market Discount Box 11 Bond Premium 47 02 Box 12 Bond Premium on Treasury obligations Box 13 Bond premium on tax exempt bond Form 1099 DIV Dividend Income Box 1a Total Ordinary dividends Box 1b Qualified dividends Box 2a Total capital gain distr 2,600 00 2,600 00 Box 2b Unrecap Sec 1250 gain Box 2c Sec 1202 gain Box 2d Collectibles (28 ) gain Box 2e Section 897 ordinary dividends Box 2f Section 897 captial gain Box 3 Nondividend distributions Box 4 Federal income tax withheld Box 5 Section 199A dividends Box 6 Investment expenses Box 7 Foregin taxes paid Box 8 Foregin country of possession Box 9 Cash liquidation distributions Form 8582 Ryan and Blake Lovely's Form 8582 Form 8582 Department of the Treasury Internal Revenue Service Passive Activity Loss Limitations See separate instructions Attach to Form 1040, 1040 SR, or 1041 Go to www irs gov Form8582 for instructions and the latest information OMB No 1545 1008 2023 Attachment Sequence No 858 Name(s) shown on return Ryan and Blake Lovely Identifying number 434 14 4448 Part I 2023 Passive Activity Loss Caution Parts IV and V before Part I Rental Real Estate Activities With Active Participation (For the definition of active participation, see Special Allowance for Rental Real Estate Activities in the instructions ) 1a Activities with net income (enter the amount from Part IV, column (a)) 1a b Activities with net loss (enter the amount from Part IV, column (b)) 1b ( fill in the blank 22ff10f8afa4fa4 1 ) c Prior years' unallowed losses (enter the amount from Part IV, column (c)) 1c ( ) d Combine lines 1a, 1b, and 1c 1d fill in the blank 22ff10f8afa4fa4 2 All Other Passive Activities 2a Activities with net income (enter the amount from Part V, column (a)) 2a b Activities with net loss (enter the amount from Part V, column (b)) 2b ( ) c Prior years' unallowed losses (enter the amount from Part V, column (c)) 2c ( ) d Combine lines 2a, 2b, and 2c 2d 3 Combine lines 1d and 2d and subtract any prior year unallowed CRD See instructions If this line is zero or more, stop here and include this form with your return all losses are allowed, including any prior year unallowed losses entered on line 1c or 2c Report the losses on the forms and schedules normally used 3 fill in the blank 22ff10f8afa4fa4 3 If line 3 is a loss and Line 1d is a loss, go to Part II Line 2d is a loss (and line 1d is zero or more), skip Part II and go to line 10 Caution If your filing status is married filing separately and you lived with your spouse at any time during the year, do not Part II Instead, go to line 10 Part II Special Allowance for Rental Real Estate Activities With Active Participation 4 Enter the smaller of the loss on line 1d or the loss on line 3 4 fill in the blank 22ff10f8afa4fa4 4 5 Enter $150,000 If married filing separately, see instructions 5 fill in the blank 22ff10f8afa4fa4 5 6 Enter modified adjusted gross income, but not less than zero See instructions 6 fill in the blank 22ff10f8afa4fa4 6 Note If line 6 is greater than or equal to line 5, skip lines 7 and 8 and enter 0 on line 9 Otherwise, go to line 7 7 Subtract line 6 from line 5 7 fill in the blank 22ff10f8afa4fa4 7 8 Multiply line 7 by 50 (0 50) Do not enter more than $25,000 If married filing separately, see instructions 8 fill in the blank 22ff10f8afa4fa4 8 9 Enter the smaller of line 4 or line 8 If line 3 includes any CRD, see instructions 9 fill in the blank 22ff10f8afa4fa4 9 Part III Total Losses Allowed 10 Add the income, if any, on lines 1a and 2a and enter the total 10 11 Total losses allowed from all passive activities for 2023 Add lines 9 and 10 See instructions to find out how to report the losses on your tax return 11 fill in the blank 22ff10f8afa4fa4 10 Part IV This Part Before Part I, Lines 1a, 1b, and 1c See instructions Name of activity Current year Prior years Overall gain or loss (a) Net income (line 1a) (b) Net loss (line 1b) (c) Unallowed loss (line 1c) (d) Gain (e) Loss Mortgage homeRental homeVacation homeRental home fill in the blank 22ff10f8afa4fa4 12 fill in the blank 22ff10f8afa4fa4 13 Total Enter on Part I, lines 1a, 1b, and 1c fill in the blank 22ff10f8afa4fa4 14 For Paperwork Reduction Act Notice, see instructions Cat No 63704F Form 8582 (2023) Form 1045 (2023) Ryan and Blake Lovely 434 14 4448 Page 3 Schedule ANOL (see instructions) 1 For individuals, subtract your standard deduction or itemized deductions from your adjusted gross income and enter it here For estates and trusts, enter taxable income increased by the total of the charitable deduction, income distribution deduction, and exemption amount (see instructions) 1 fill in the blank 22ff10f8afa4fa4 15 2 Nonbusiness capital losses before limitation Enter as a positive number (see instructions) 2 3 Nonbusiness capital gains (without regard to any section 1202 exclusion) 3 fill in the blank 22ff10f8afa4fa4 16 4 If line 2 is more than line 3, enter the difference Otherwise, enter 0 4 fill in the blank 22ff10f8afa4fa4 17 5 If line 3 is more than line 2, enter the difference Otherwise, enter 0 5 fill in the blank 22ff10f8afa4fa4 18 6 Nonbusiness deductions (see instructions) 6 fill in the blank 22ff10f8afa4fa4 19 7 Nonbusiness income other than capital gains (see instructions) 7 fill in the blank 22ff10f8afa4fa4 20 8 Add lines 5 and 7 8 fill in the blank 22ff10f8afa4fa4 21 9 If line 6 is more than line 8, enter the difference Otherwise, enter 0 9 fill in the blank 22ff10f8afa4fa4 22 10 If line 8 is more than line 6, enter the difference Otherwise, enter 0 But don't enter more than line 5 10 fill in the blank 22ff10f8afa4fa4 23 11 Business capital losses before limitation Enter as a positive number 11 12 Business capital gains (without regard to any section 1202 exclusion) 12 13 Add lines 10 and 12 13 fill in the blank 22ff10f8afa4fa4 24 14 Subtract line 13 from line 11 If zero or less, enter 0 14 fill in the blank 22ff10f8afa4fa4 25 15 Add lines 4 and 14 15 fill in the blank 22ff10f8afa4fa4 26 16 Enter the loss, if any, from line 16 of your 2023 Schedule D (Form 1040) (For estates and trusts, enter the loss, if any, from line 19, column (3), of Schedule D (Form 1041) ) Enter as a positive number If you don't have a loss on that line (and don't have a section 1202 exclusion), skip lines 16 through 21 and enter on line 22 the amount from line 15 16 17 Section 1202 exclusion Enter as a positive number (see instructions) 17 18 Subtract line 17 from line 16 If zero or less, enter 0 18 fill in the blank 22ff10f8afa4fa4 27 19 Enter the loss, if any, from line 21 of your 2023 Schedule D (Form 1040) (For estates and trusts, enter the loss, if any, from line 20 of Schedule D (Form 1041) ) Enter as a positive number 19 20 If line 18 is more than line 19, enter the difference Otherwise, enter 0 20 fill in the blank 22ff10f8afa4fa4 28 21 If line 19 is more than line 18, enter the difference Otherwise, enter 0 21 fill in the blank 22ff10f8afa4fa4 29 22 Subtract line 20 from line 15 If zero or less, enter 0 22 fill in the blank 22ff10f8afa4fa4 30 23 NOL deduction for losses from other years Enter as a positive number 23 24 NOL Combine lines 1, 9, 17, and 21 through 23 If the result is less than zero, enter it here and on page 1, line 1a If the result is zero or more, you don't have an NOL 24 fill in the blank 22ff10f8afa4fa4 31 Form 1045 (2023)

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Question: Comprehensive Problem 4-2B es, an EIN, or inventory. e number on the lines 1d, 3, an Ryan and Blake Lovely are married filing jointly taxpayers.

Comprehensive Problem 4-2Bes, an EIN, or inventory. e number on the lines 1d, 3, an

Ryan and Blake Lovely are married filing jointly taxpayers. Ryan's birthdate is August 10, 1983, and Social Security number is 434-14-4448. Blake's birthdate is March 19, 1984, and their Social Security number is 763-16-1562. They live at 22 Thornton Road, Nashua, NH 03063. Both are self-employed.

The Lovelys received the following statement from their brokerage account (see separate tab).

The U.S. Treasury interest is associated with bonds that also have market discount. The accrued market discount in 2023 was $47.02. The Lovelys elect to recognize market discount in the year earned.

Blake started a new life coach business in 2023 as a sole proprietor. The business office is located at 4 Townsend W, Suite 8, Nashua, NH 03063. The business code is 812990. The financial results are:

Line Item Description	Amount
Client revenue	$5,000
Office rent expense	14,000
Supplies	1,000
Utilities	500
Telephone	400

During 2023, Ryan invested in Vaporcoin, a virtual currency. He purchased 40 units of Vaporcoin for $3,000 on February 2, 2023. On May 15, 2023, he exchanged the Vaporcoin into dollars when the value was $3,500. He did not receive a 1099-B from the Vaporcoin account.

Ryan also operates a small business teaching fitness classes in a park near their house. The business code is 812190. Ryan has a loyal clientele, and the books and records show the following:

Line Item Description	Amount
Exercise class receipts	$5,000
Exercise clothes	1,000
Various exercise supplies	1,800

The exercise clothes that Ryan purchased are not dissimilar to any other type of workout clothing.

Neither business has employees, an EIN, or inventory. Both businesses are accounted for using the cash basis of accounting.

Ryan and Blake own a rental property located at 52 Charlotte Ave, Nashua, NH 03064. The condo was rented all year but is in need of an update. The condo's finances are as follows:

Line Item Description	Amount
Rent	$8,000
Interest	10,000
Property taxes	4,000
Utilities	1,400
Maintenance	500

Ryan and Blake made a $500 estimated payment on September 15, 2023.

Required: Lovelys' federal tax return for 2023. Use Form 1040, Schedule 1, Schedule 2, Schedule B, Schedule C (two of them), Schedule D, Form 8949, Schedule E, Schedule SE, Form 8995, Form 8582 (page 1 only) tax return. Also, to compute the Lovelys' net operating loss carryforward, prepare only Schedule A of Form 1045.

Form 1099-B, Form 1099-INT and Form 1099-DIV

The Lovelys received the following statement from their brokerage account:

2023 Combined Forms 1099
This is important tax information and is being furnished to the IRS (except as indicated). If you are required to file a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported.
		Copy B for Recipient OMB No. 1545-0110
Pooled Investments 40 Wall Street, 24th Floor New York, NY 10005
		Account Number	Tax ID
Ryan and Blake Lovely 22 Thornton Road Nashua, NH 03063		2345660009	*--4448
	Payer's Federal Tax ID 32-9863145 Financial Adviser/Phone Monty Cook 888-555-1212

Form 1099-B

Proceeds from Broker and Barter Exchange Transactions

Box 6: Gross Proceeds	Box 5: Not checked	Box 3: Basis reported to IRS	Box 2: Type of Gain or Loss: Short-term
Box 1 Security description (CUSIP)	Quantity sold	Box 1b Date acquired	Box 1c Date sold or disposed	Box 1d Proceeds	Box 1e Cost or other basis	Box 1g Wash sale loss disallowed	Gain/(Loss) amount
Green Lantern Inc	1,000	04/21/2018	03/22/2023	35,000	3,000	-	32,000

Form 1099-INT

Interest Income

Box 1 Interest income		Box 2 Early withdrawal penalty	Box 3 interest on U.S Savings Bonds and Treasury obligations
64.55			600.00
Box 4 Federal income tax withheld		Box 5 Investment expenses	Box 6 Foreign Tax Paid

Box 7 Foreign country or U.S. possession		Box 8 Tax-excempt interest	Box 9 Specified private activity bond interest

Box 10 Market Discount	Box 11 Bond Premium
47.02
Box 12 Bond Premium on Treasury obligations	Box 13 Bond premium on tax-exempt bond

Form 1099-DIV

Dividend Income

Box 1a Total Ordinary dividends	Box 1b Qualified dividends	Box 2a Total capital gain distr.
2,600.00	2,600.00
Box 2b Unrecap Sec 1250 gain	Box 2c Sec 1202 gain	Box 2d Collectibles (28%) gain

Box 2e Section 897 ordinary dividends	Box 2f Section 897 captial gain	Box 3 Nondividend distributions

Box 4 Federal income tax withheld	Box 5 Section 199A dividends	Box 6 Investment expenses

Box 7 Foregin taxes paid	Box 8 Foregin country of possession	Box 9 Cash liquidation distributions

Form 8582

Ryan and Blake Lovely's Form 8582

Form 8582 Department of the Treasury Internal Revenue Service

Passive Activity Loss Limitations See separate instructions. Attach to Form 1040, 1040-SR, or 1041. Go to www.irs.gov/Form8582 for instructions and the latest information.

OMB No. 1545-1008

2023

Attachment Sequence No. 858

Name(s) shown on return Ryan and Blake Lovely

Identifying number

434-14-4448

Part I	2023 Passive Activity Loss
	Caution: Parts IV and V before Part I.

Rental Real Estate Activities With Active Participation (For the definition of active participation, see Special Allowance for Rental Real Estate Activities in the instructions.)
1a	Activities with net income (enter the amount from Part IV, column (a)) . . . . . .	1a
b	Activities with net loss (enter the amount from Part IV, column (b)) . . . . . . . .	1b	( fill in the blank 22ff10f8afa4fa4_1	)
c	Prior years' unallowed losses (enter the amount from Part IV, column (c)) . . . .	1c	(	)
d	Combine lines 1a, 1b, and 1c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	1d	fill in the blank 22ff10f8afa4fa4_2
All Other Passive Activities
2a	Activities with net income (enter the amount from Part V, column (a)) . . . . . .	2a
b	Activities with net loss (enter the amount from Part V, column (b)) . . . . . . . . .	2b	(	)
c	Prior years' unallowed losses (enter the amount from Part V, column (c)) . . . . .	2c	(	)
d	Combine lines 2a, 2b, and 2c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	2d
3	Combine lines 1d and 2d and subtract any prior year unallowed CRD. See instructions. If this line is zero or more, stop here and include this form with your return; all losses are allowed, including any prior year unallowed losses entered on line 1c or 2c. Report the losses on the forms and schedules normally used . . . .	3	fill in the blank 22ff10f8afa4fa4_3
	If line 3 is a loss and:	Line 1d is a loss, go to Part II. Line 2d is a loss (and line 1d is zero or more), skip Part II and go to line 10.
Caution: If your filing status is married filing separately and you lived with your spouse at any time during the year, do not Part II. Instead, go to line 10.

Part II	Special Allowance for Rental Real Estate Activities With Active Participation

4	Enter the smaller of the loss on line 1d or the loss on line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	4	fill in the blank 22ff10f8afa4fa4_4
5	Enter $150,000. If married filing separately, see instructions . . . . . . . . . . . . .	5	fill in the blank 22ff10f8afa4fa4_5
6	Enter modified adjusted gross income, but not less than zero. See instructions	6	fill in the blank 22ff10f8afa4fa4_6
	Note: If line 6 is greater than or equal to line 5, skip lines 7 and 8 and enter -0- on line 9. Otherwise, go to line 7.
7	Subtract line 6 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	7	fill in the blank 22ff10f8afa4fa4_7
8	Multiply line 7 by 50% (0.50). Do not enter more than $25,000. If married filing separately, see instructions	8	fill in the blank 22ff10f8afa4fa4_8
9	Enter the smaller of line 4 or line 8. If line 3 includes any CRD, see instructions . . . . . . . . . . . . . . . . . . . .	9	fill in the blank 22ff10f8afa4fa4_9

Part III

Total Losses Allowed

10	Add the income, if any, on lines 1a and 2a and enter the total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	10
11	Total losses allowed from all passive activities for 2023. Add lines 9 and 10. See instructions to find out how to report the losses on your tax return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	11	fill in the blank 22ff10f8afa4fa4_10

Part IV

This Part Before Part I, Lines 1a, 1b, and 1c. See instructions.

Name of activity	Current year	Prior years	Overall gain or loss
(a) Net income (line 1a)	(b) Net loss (line 1b)	(c) Unallowed loss (line 1c)	(d) Gain	(e) Loss
Mortgage homeRental homeVacation homeRental home		fill in the blank 22ff10f8afa4fa4_12			fill in the blank 22ff10f8afa4fa4_13




Total. Enter on Part I, lines 1a, 1b, and 1c		fill in the blank 22ff10f8afa4fa4_14

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 63704F

Form 8582 (2023)

Form 1045 (2023)

Ryan and Blake Lovely

434-14-4448

Page 3

Schedule ANOL (see instructions)

1	For individuals, subtract your standard deduction or itemized deductions from your adjusted gross income and enter it here. For estates and trusts, enter taxable income increased by the total of the charitable deduction, income distribution deduction, and exemption amount (see instructions) . . . . . . . . . . . . . . . . . .
1	fill in the blank 22ff10f8afa4fa4_15
2	Nonbusiness capital losses before limitation. Enter as a positive number (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	2
3	Nonbusiness capital gains (without regard to any section 1202 exclusion) . . . . . .	3	fill in the blank 22ff10f8afa4fa4_16
4	If line 2 is more than line 3, enter the difference. Otherwise, enter -0- . . . . . . . .	4	fill in the blank 22ff10f8afa4fa4_17
5	If line 3 is more than line 2, enter the difference. Otherwise, enter -0- . . . . . . . . . . . . . . . . . . . . . . . .	5	fill in the blank 22ff10f8afa4fa4_18
6	Nonbusiness deductions (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . .	6	fill in the blank 22ff10f8afa4fa4_19
7	Nonbusiness income other than capital gains (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	7	fill in the blank 22ff10f8afa4fa4_20
8	Add lines 5 and 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8	fill in the blank 22ff10f8afa4fa4_21
9	If line 6 is more than line 8, enter the difference. Otherwise, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . .	9	fill in the blank 22ff10f8afa4fa4_22
10	If line 8 is more than line 6, enter the difference. Otherwise, enter -0-. But don't enter more than line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	10	fill in the blank 22ff10f8afa4fa4_23
11	Business capital losses before limitation. Enter as a positive number . . . . . . . . . .	11
12	Business capital gains (without regard to any section 1202 exclusion) . . . . . . . . . . . . . . . . . . . . . . . . . . .	12
13	Add lines 10 and 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	13	fill in the blank 22ff10f8afa4fa4_24
14	Subtract line 13 from line 11. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . .	14	fill in the blank 22ff10f8afa4fa4_25
15	Add lines 4 and 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	15	fill in the blank 22ff10f8afa4fa4_26
16	Enter the loss, if any, from line 16 of your 2023 Schedule D (Form 1040). (For estates and trusts, enter the loss, if any, from line 19, column (3), of Schedule D (Form 1041).) Enter as a positive number. If you don't have a loss on that line (and don't have a section 1202 exclusion), skip lines 16 through 21 and enter on line 22 the amount from line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
17	Section 1202 exclusion. Enter as a positive number (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . .	17
18	Subtract line 17 from line 16. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . .	18	fill in the blank 22ff10f8afa4fa4_27
19	Enter the loss, if any, from line 21 of your 2023 Schedule D (Form 1040). (For estates and trusts, enter the loss, if any, from line 20 of Schedule D (Form 1041).) Enter as a positive number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19
20	If line 18 is more than line 19, enter the difference. Otherwise, enter -0- . . . . . . .	20	fill in the blank 22ff10f8afa4fa4_28
21	If line 19 is more than line 18, enter the difference. Otherwise, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . .	21	fill in the blank 22ff10f8afa4fa4_29
22	Subtract line 20 from line 15. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	22	fill in the blank 22ff10f8afa4fa4_30
23	NOL deduction for losses from other years. Enter as a positive number . . . . . . . . . . . . . . . . . . . . . . . . . . .	23
24	NOL. Combine lines 1, 9, 17, and 21 through 23. If the result is less than zero, enter it here and on page 1, line 1a. If the result is zero or more, you don't have an NOL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	24	fill in the blank 22ff10f8afa4fa4_31
Form 1045 (2023)

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