Form Il-1065 - Partnership Replacement Tax Return - 2011 Page 2
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37
Write the amount from Page 1, Line 7.
_______________ 00
Step 3: Figure your unmodified base income or loss
8
8
Charitable contributions.
_______________ 00
9
9
Expense deduction under IRC Section 179.
_______________ 00
10
10
Interest on investment indebtedness.
_______________ 00
11
All other items of expense that were not deducted in the computation of ordinary income or loss on
11
Page 1 of U.S. Form 1065 or 1065-B. See instructions. Identify: _______________________________
_______________ 00
12
12
Add Lines 8 through 11.
_______________ 00
13
13
Subtract Line 12 from Line 7. This amount is your total unmodified base income or loss.
_______________ 00
Step 4: Figure your income or loss
14
14
Write your unmodified base income or loss from Line 13.
_______________ 00
15
15
State, municipal, and other interest income excluded from Line 14.
_______________ 00
16
16
Illinois replacement tax deducted in arriving at Line 14.
_______________ 00
17
17
Illinois Special Depreciation addition. Attach Form IL-4562.
_______________ 00
18
18
Related-party expenses addition. Attach Schedule 80/20.
_______________ 00
19
19
Distributive share of additions. Attach Schedule(s) K-1-P or K-1-T.
_______________ 00
20
20
Guaranteed payments to partners from U.S. Form 1065.
_______________ 00
21
21
The amount of loss distributable to a partner subject to replacement tax. Attach Schedule B
_______________ 00
.
22
22
Other additions. Attach Illinois Schedule M (for businesses).
_______________ 00
23
23
Add Lines 14 through 22. This amount is your income or loss.
_______________ 00
Step 5: Figure your Illinois base income or net loss
24
24
Interest income from U.S. Treasury obligations or other exempt federal obligations.
_______________ 00
25
25
August 1,1969, valuation limitation amount. Attach Schedule F.
_______________ 00
26
26
Personal service income or reasonable allowance for compensation of partners.
_______________ 00
27
27
Share of income distributable to a partner subject to replacement tax. Attach Schedule B.
_______________ 00
28
Enterprise Zone or River Edge Redevelopment Zone
28
Dividend subtraction. Attach Schedule 1299-A.
_______________ 00
29
29
High Impact Business Dividend subtraction. Attach Schedule 1299-A.
_______________ 00
30
30
Illinois Special Depreciation subtraction. Attach Form IL-4562.
_______________ 00
31
31
Related-party expenses subtraction. Attach Schedule 80/20.
_______________ 00
32
32
Distributive share of subtractions. Attach Schedule(s) K-1-P or K-1-T.
_______________ 00
33
33
Other subtractions. Attach Schedule M (for businesses).
_______________ 00
34
34
Total subtractions. Add Lines 24 through 33.
_______________ 00
35
35
Base income or net loss. Subtract Line 34 from Line 23.
_______________ 00
If the amount on Line 35 is derived inside and outside Illinois, complete Step 6; otherwise go to Step 7.
Step 6: Figure your income allocable to Illinois
36
36
Nonbusiness income or loss. Attach Schedule NB.
_______________ 00
37
37
Trust, estate, and non-unitary partnership business income or loss included in Line 35.
_______________ 00
38
38
Add Lines 36 and 37.
_______________ 00
39
39
Business income or loss. Subtract Line 38 from Line 35.
_______________ 00
40
40
Total sales everywhere. This amount cannot be negative.
_______________ 00
41
41
Total sales inside Illinois. This amount cannot be negative.
_______________ 00
.
42
42
Apportionment factor. Divide Line 41 by Line 40 (carry to six decimal places).
___
______________
*132402110*
IL-1065 (R-12/11)
Page 2 of 4
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