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Chapter 3 – Adjusted Gross Income


Page 5: Form 1040, line 34 to line 37

Line 34 –  Tuition and Fees Deduction: See the Tuition and Fees Deduction page for information about the rules for this deduction.

Line 35 – Domestic Production Activities Deduction: You may be able to deduct up to 9% of your qualified production activities income from the following activities.

In certain cases, the references above to the United States include Puerto Rico.

Your deduction may be reduced if you had oil-related qualified production activities income.

The deduction does not apply to income derived from:

For details, see Form 8903, Domestic Production Activities Deduction, and its instructions.

Line 36 – Total of Lines 23 through 35: Enter the total of lines 23 through 35, plus any of the following write-in expense deductions, on this line. To find out if you can take the deduction, see the form or publication indicated. On the dotted line next to line 36, enter the amount of your deduction and identify it as indicated.

Line 37 – Adjusted Gross Income: Subtract line 36 from line 22. If line 37 is less than zero, you may have a net operating loss that you can carry to another tax year. See the Instructions for Form 1045, Application for Tentative Refund, for details.