Form Il-1120-St-X - Amended Small Business Corporation Replacement Tax Return - 2012 Page 2
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1
2
3
4Step 3: Figure your ordinary income or loss
A
B
As most recently
Corrected
amount
reported or adjusted
1
1
1
Ordinary income or loss or equivalent from U.S. Schedule K.
00
00
2
2
2
Net income or loss from all rental real estate activities.
00
00
3
3
3
Net income or loss from other rental activities.
00
00
4
4
4
Portfolio income or loss.
00
00
5
5
5
Net IRC Section 1231 gain or loss.
00
00
6
All other items of income or loss that were not included in the computation
of income or loss on Page 1 of U.S. Form 1120S.
6
6
Identify: ________________________
00
00
7
7
7
Add Lines 1 through 6. This is your ordinary income.
00
00
Step 4: Figure your unmodified base income or loss
8
8
8
00
00
Charitable contributions.
9
9
9
Expense deduction under IRC Section 179
00
00
.
10
10
10
Interest on investment indebtedness
00
00
.
11
All other items of expense that were not deducted in the computation of ordinary
11
11
income or loss on Page 1 of U.S. Form 1120S. Identify: __________________
00
00
12
12
12
Add Lines 8 through 11.
00
00
13
Subtract Line 12 from Line 7. This is your total unmodified base income
13
13
or total loss.
00
00
Step 5: Figure your income or loss
14
14
14
Write the amounts from Line 13. Unitary filers, see instructions.
00
00
15
15
15
State, municipal, and other interest income excluded from Line 14.
00
00
16
16
16
Illinois replacement tax deducted in arriving at Line 14.
00
00
17
17
17
Illinois special depreciation addition (Form IL-4562).
00
00
18
18
18
Related-party expenses addition (Schedule 80/20)
00
00
19
19
19
Distributive share of additions (Schedule(s) K-1-P or K-1-T).
00
00
20
The amount of loss distributable to a shareholder subject to
20
20
replacement tax (Schedule B).
00
00
21
21
21
Other additions (Schedule M for businesses).
00
00
22
22
22
Add Lines 14 through 21. This is your total income or loss.
00
00
Step 6: Figure your base income or loss
23
23
23
Interest income from U.S. Treasury and exempt federal obligations.
00
00
24
Share of income distributable to a shareholder subject to
24
24
replacement tax (Schedule B).
00
00
25
Enterprise Zone or River Edge Redevelopment Zone
25
25
Dividend subtraction (Schedule 1299-A).
00
00
26
Enterprise Zone or River Edge Redevelopment Zone
26
26
Interest subtraction (Schedule 1299-A).
00
00
27
27
27
High Impact Business Dividend subtraction (Schedule 1299-A).
00
00
28
28
28
High Impact Business Interest subtraction (Schedule 1299-A).
00
00
29
29
29
Contribution subtraction (Schedule 1299-A).
00
00
30
30
30
Illinois Special Depreciation subtraction (Form IL-4562).
00
00
31
31
31
Related-party expenses subtraction (Schedule 80/20).
00
00
32
32
32
Distributive share of subtractions (Schedule(s) K-1-P or K-1-T).
00
00
33
33
33
Other subtractions (Schedule M for businesses).
00
00
34
34
34
Total subtractions. Add Lines 23 through 33.
00
00
35
35
35
Base income or loss. Subtract Line 34 from Line 22.
00
00
A If the amount on Line 35 is derived inside Illinois only, check this box and write the amount from Step 6, Line 35
on Step 8, Line 47. You may not complete Step 7. (You must leave Step 7, Lines 36 through 46 blank.)
B
If any portion of the amount on Line 35 is derived outside Illinois, check this box and complete all lines of Step 7.
See instructions.
Page 2 of 4
IL-1120-ST-X (R-12/12)
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