Schedule 1299-D - Income Tax Credits (For Corporations And Fiduciaries) - 2006 Page 4
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419
If Line 17 is negative, write the amount from Line 18 as a negative number.
19
Otherwise, subtract Line 18 from Line 17.
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20
Write the amount from Step 1, Section B, Line 47, of this Schedule 1299-D.
21
If Line 19 is negative, write the amount from Line 20 as a negative number.
21
Otherwise, subtract Line 20 from Line 19.
22
Figure the amount of credit to use this year.
If the lesser number is negative, write zero.
a
a
Write the lesser of Step 2, Line 3 or Line 4.
_______________
b
b
Write the lesser of Step 2, Line 5 or Line 6.
_______________
c
c
Write the lesser of Step 2, Line 7 or Line 8.
_______________
d
d
Write the lesser of Step 2, Line 9 or Line 10.
_______________
e
e
Write the lesser of Step 2, Line 11 or Line 12.
_______________
f
f
Write the lesser of Step 2, Line 13 or Line 14.
_______________
g
g
Write the lesser of Step 2, Line 15 or Line 16.
_______________
h Write the lesser of Step 2, Line 17 or Line 18.
h _______________
i
i
Write the lesser of Step 2, Line 19 or Line 20.
_______________
23
Add Lines 22a through 22i. Write the result here and on your
Form IL-1120, Step 7, Line 48, IL-1041, Part IV, Line 5, or
23
IL-990-T, Part IV, Line 3.
Step 3: Figure your credit available to be carried forward
Retain a copy of this page in your files. You will need this to complete next year’s Schedule 1299-D.
To figure each credit amount, STOP at the first applicable line for each credit.
All line references in this Step refer to Step 2 of this Schedule 1299-D.
1
Two-year credit carryforward that is available for one more tax year.
• If Line 9 is positive or zero, write zero here. You do not have any credit from this year to carry.
• If Line 7 is negative, write the amount from Line 8 here.
1
• If Line 9 is negative, write that amount as a positive number here.
2
Five-year credit carryforward that is available for one more tax year
• If Line 11 is positive or zero, write zero here. You do not have any credit from this year to carry.
• If Line 9 is negative, write the amount from Line 10 here.
2
• If Line 11 is negative, write that amount as a positive number here.
3
Two-year credit carryforward that is available for the next two tax years.
• If Line 19 is positive or zero, write zero here. You do not have any credit from this year to carry.
• If Line 17 is negative, write the amount from Line 18 here.
3
• If Line 19 is negative, write that amount as a positive number here.
4
Five-year credit carryforward that is available for the next two tax years.
• If Line 13 is positive or zero, write zero here. You do not have any credit from this year to carry.
• If Line 11 is negative, write the amount from Line 12 here.
4
• If Line 13 is negative, write that amount as a positive number here.
5
Five-year credit carryforward that is available for the next three tax years.
• If Line 15 is positive or zero, write zero here. You do not have any credit from this year to carry.
• If Line 13 is negative, write the amount from Line 14 here.
5
• If Line 15 is negative, write that amount as a positive number here.
6
Five-year credit carryforward that is available for the next four tax years.
• If Line 17 is positive or zero, write zero here. You do not have any credit from this year to carry.
• If Line 15 is negative, write the amount from Line 16 here.
6
• If Line 17 is negative, write that amount as a positive number here.
7
Five-year credit carryforward that is available for the next five tax years.
• If Line 21 is positive or zero, write zero here. You do not have any credit from this year to carry.
• If Line 19 is negative, write the amount from Line 20 here.
7
• If Line 21 is negative, write that amount as a positive number here.
This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this information is REQUIRED. Failure to provide
information could result in a penalty. This form has been approved by the Forms Management Center.
IL-492-2296
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Schedule 1299-D (R-12/06)
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