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In an nol carryback year the nol is combined with the agi from the return as...

In an nol carryback year the nol is combined with the agi from the return as originally filed or amended. All of the following itemized deductions are re computed based on the new agi except
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In a NOL carryback year, the NOL is combined with the AGI from the return as originally filed or amended. All of the following itemized deductions are recomputed based on the new AGI ;

  • The itemized deduction for medical expenses.

  • The itemized deduction for qualified mortgage insurance premiums.

  • The itemized deduction for casualty losses.

  • Miscellaneous itemized deductions subject to the 2% limit.

Do not refigure the itemized deduction for charitable contributions.

Answer:

In a NOL carryback year, the NOL is combined with the AGI from the return as originally filed or amended. All of the following itemized deductions are recomputed based on the new AGI EXCEPT:

A) Charitable contributions.

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