BulldogTom Posted March 17, 2010 Report Share Posted March 17, 2010 HELP - PLEASE. This is my first time with this form with a NOL. I am reading the instructions for line 3 for the umteenth time and I am still not getting it. I have all the forms in front of me to get the figures that I need, but I am losing it when I try to follow the instructions. Can anyone out there translate the instructions for me? Here is part of the instruction "Your MCTNOL is the excess of the deductions (excluding the MCTNOL) over the income used to figure alternative minimum taxable income (AMTI) taking into account only exclusion items." Jainen - now would be a good time for you to berate me about not understanding such a basic concept while giving me the answer - pretty please. Tom Lodi, CA Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted March 17, 2010 Author Report Share Posted March 17, 2010 Hey wait a minute, does this only apply if you have a difference between your Reg NOL and your AMT NOL? If they are the same, then no entry on line 3? Tom Lodi, CA Quote Link to comment Share on other sites More sharing options...
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