Schedule F - Attach To Form Il-1120-St - Gains From Sales Or Exchanges Of Property Acquired Before August 1, 1969 - 2010

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Illinois Department of Revenue
Year ending
Gains from Sales or Exchanges
Schedule F
____ ____
of Property Acquired
Month
Year
Attach to your Form IL-1120-ST
Before August 1, 1969
IL Attachment No. 12
Write your name as shown on your Form IL-1120-ST
Write your federal employer identifi cation number
____________________________________________________________________________________ ______ ______ - ______ ______ ______ ______ ______ ______ _____
You should fi le this schedule only if you reported gains from the disposition of property acquired before August 1, 1969, as shown on
U.S. Form 1120S, Schedule D, and U.S. Form 4797 or U.S. Form 6252. See instructions.
You must attach a copy of U.S. Form 1120S, Schedule D, and U.S. Form 4797 or 6252, if fi led.
A
B
C
D
E
F
G
Section 1245
Section
Date acquired
Date sold
Federal gain
or 1250 gain
1231 gain
Description of property
(month/year)
(month/year)
this year
(see instructions)
(see instructions)
Capital gain
1 a
____________________
____/____
____/____
______________
_____________
_______________
_____________
b
____________________
____/____
____/____
______________
_____________
_______________
_____________
c
____________________
____/____
____/____
______________
_____________
_______________
_____________
d
____________________
____/____
____/____
______________
_____________
_______________
_____________
H
I
J
K
L
M
Section 1231, 1245
Section 1231, 1245
August 1, 1969 value
Federal tax
Subtract Col. I from Col. H
and 1250 Gain
and 1250 Gain
Capital Gain
or applicable fraction
basis on
or fraction in
Write smaller of
Subtract Col. K from Col. J
Write smaller of
(see instructions)
August 1, 1969
Col. H times Col. D
Col. E or Col. J
but not more than Col. F
Col. G or Col. J
a
__________________
___________________
___________________
_____________
_______________
_____________
b
__________________
___________________
___________________
_____________
_______________
_____________
c
__________________
___________________
___________________
_____________
_______________
_____________
d
__________________
___________________
___________________
_____________
_______________
_____________
2
Write your share of pre-August 1, 1969, appreciation amounts from
2
partnerships, trusts and estates.
_____________
______________
_____________
3
3
Write the total of Column K here and on Schedule K-1-P, Step 6, Line 48, Col A.
_____________
4
4
Write the total of Column L here and on Schedule K-1-P, Step 6, Line 49, Column A.
_______________
5
5
Write the amount on Line 4 attributable to involuntary conversions by casualty and theft.
_______________
6
6
Subtract Line 5 from Line 4. Write the result here and on Schedule K-1-P , Step 6, Line 50, Column A.
_______________
7
7
Write the total of Column M here and on Schedule K-1-P, Step 6, Line 51, Column A.
___________
Installment Sales
If, on your U.S. Form 1120S, Schedule D, or U.S. Form 4797, you reported gain from an installment sale of property acquired before August 1, 1969,
complete the Column J Worksheet. If, for federal tax purposes, you fi led U.S. Form 6252 but were not required to fi le U.S Form 4797, attach
to your Schedule F (1) a statement that you were not required to fi le U.S. Form 4797 and (2) a copy of the U.S. Form 6252 as fi led.
Installment sales before August 1, 1969
Installment sales on or after August 1, 1969
Complete Schedule F
Complete Schedule F
Columns A through C
Follow Schedule F Instructions.
Columns A through I
Follow Schedule F Instructions.
Column D
Write “INST” to indicate installment.
Column J
Complete the worksheet on the next page and write in
this column the amount from Column 5 of the worksheet.
Columns E through J
Leave blank.
Column K
Write the amount of Section 1245 or 1250 gain from
The heading for Column J does not describe this entry.
this sale reported this year on your U.S. Form 4797 or 6252.
Column K through M
Follow Schedule F Instructions.
Column L
Write the amount of Section 1231 gain from this sale
reported this year on your U.S. Form 4797 or 6252.
Column M
Write the total amount of gain from this sale reported
this year on U.S. Form 1120S, Schedule D.
*032801110*
Schedule F (IL-1120-ST) (R-12/10)
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