Form Il-1120-St-X - Amended Small Business Corporationreplacement Tax Return - 2008 Page 2
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1
2
3A
B
As most recently
Corrected amount
reported or adjusted
14
14
14
Write the amounts from Line 13
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Step 5: Figure your income or loss
15
15
15
State, municipal, and other interest income excluded from Line 14.
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16
16
16
Illinois replacement tax deducted in arriving at Line 14.
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17
17
17
Illinois Special Depreciation addition (Form IL-4562).
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18
18
18
Related-Party Expenses addition (Schedule 80/20).
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19
19
19
Distributive share of additions (Schedule K-1-P or K-1-T).
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20
The amount of loss distributable to a shareholder subject to
20
20
replacement tax (Schedule B).
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21
21
21
Other additions (Schedule M for businesses).
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22
22
22
Add Lines 14 through 21. This is your total income or loss.
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Step 6: Figure your Illinois base income or net loss
23
23
23
Interest income from U.S. Treasury and exempt federal obligations.
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24
Share of income distributable to a shareholder subject to
24
24
replacement tax (Schedule B).
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25
Expenses incurred in producing certain federally tax-exempt
25
25
income or credits.
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26
Enterprise Zone or River Edge Redevelopment Zone
26
26
Dividend subtraction (Schedule 1299-A).
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27
Enterprise Zone or River Edge Redevelopment Zone
27
27
Interest subtraction (Schedule 1299-A).
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28
28
28
High Impact Business Dividend subtraction (Schedule 1299-A).
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29
29
29
High Impact Business Interest subtraction (Schedule 1299-A).
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30
30
30
Contribution subtraction (Schedule 1299-A).
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31
31
31
Illinois Special Depreciation subtraction (Form IL-4562).
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32
32
32
Related-Party Expenses subtraction (Schedule 80/20).
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33
33
33
Distributive share of subtractions (Schedules K-1-P or K-1-T).
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34
34
34
Other subtractions (Schedule M for businesses).
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35
35
35
Total subtractions. Add Lines 23 through 34.
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36
36
36
Base income or net loss. Subtract Line 35 from Line 22.
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If the amount on Line 36 is derived inside and outside Illinois, complete Step 7. Otherwise, go to Step 8.
Step 7: Figure your base income allocable to Illinois
37
37
37
Nonbusiness income or loss (Schedule NB).
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38
Non-unitary partnership business income or loss
38
38
included in Line 36.
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39
39
39
Add Lines 37 and 38.
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40
40
40
Business income or loss. Subtract Line 39 from Line 36.
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41
41
41
Total sales everywhere (this amount cannot be negative).
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42
42
42
Total sales inside Illinois (this amount cannot be negative).
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.
.
43
43
43
Apportionment Factor. Divide Line 42 by Line 41.
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44
Business income or loss apportionable to Illinois.
44
44
Multiply Line 40 by Line 43.
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45
45
45
Nonbusiness income or loss allocable to Illinois (Sch. NB).
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46
Non-unitary partnership business income or loss
46
46
apportionable to Illinois.
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47
Base income or net loss allocable to Illinois.
47
47
Add Lines 44 through 46.
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IL-1120-ST-X (R-12/08)
Page 2 of 3
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