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and whose denominator is the total number of full calendar

Line 5

months you held the property. Do not include in the numerator

Column L -

Write the amount of pre-August 1, 1969,

or denominator the month that you acquired or disposed of the

appreciation amounts from involuntary conversions by casualty or

property. If the property was acquired in July, 1969, write zero

theft that were included in the amounts shown on Lines 1 and 2.

in Columns H and J.

Column I -

If you wrote the fair market value of the property in

Line 6

Column H, write in Column I the federal income tax basis of the

Column L -

Subtract Line 5 from Line 4. This is the total

property (for determining gain) as of August 1, 1969. Federal

pre-August 1, 1969, appreciation amount for Section 1231 gain,

income tax basis is the amount you would have written as “cost or

excluding amounts attributable to involuntary conversion by

other basis” on U.S. Form 1065, Schedule D, or U.S. Form 6252 if

casualty or theft. Write each partner’s share on each Schedule

you had sold the property on August 1, 1969.

K-1-P, Step 6, Line 50, Column A.

If you wrote a fraction in Column H, leave Column I

Line 7

blank.

Column J -

If you wrote the fair market value or an appraisal

Column M -

Write the total of Column M. This is the to-

value of the property in Column H, subtract Column I from

tal pre-August 1, 1969, appreciation amount for capital gain.

Column H and write the difference. However, if Column I is equal

Write each partner’s share on each Schedule K-1-P, Step 6,

to or greater than Column H, write zero. If you wrote a fraction in

Line 51, Column A.

Column H, multiply Column D by the fraction and write the result.

Lines 8 through 14.

Column K -

Write the smaller of Column E or Column J. If you

show no amount in Column E, write zero in Column K.

Follow the instructions on Schedule F.

Column L -

Write the smaller of Column F or the excess of

Column J over Column K. If Column F is blank, write zero in

Column L.

Column M -

Write the smaller of Column G or Column J. If

Column G is blank, write zero in Column M.

Line 2

Refer to all Schedules K-1-P, Partner’s or

Shareholder’s Share of Income, Deductions, Credits, and

Recapture, you received from partnerships or S corporations,

and all Schedules K-1-T, Beneﬁ ciary’s Share of Income and

Deductions, you received from trusts or estates for the amounts

to write on Line 2, Columns K, L, and M.

Column K -

Write your share of any pre-August 1, 1969,

appreciation amounts for Section 1245 and 1250 gains, or capital

assets, from Schedule K-1-P, Step 6, Line 48, Column B, and

Schedule K-1-T, Step 6, Line 47, Column B.

Column L -

Write your share of any pre-August 1, 1969,

appreciation amounts (including involuntary conversions by

casualty or theft) for Section 1231 gain from Schedule K-1-P,

Step 6, Line 49, Column B, and Schedule K-1-T, Step 6, Line 48,

Column B.

Column M -

Write your share of capital gain appreciation

amounts from Schedule K-1-P, Step 6, Line 51, Column B, and

Schedule K-1-T, Step 6, Line 49, Column B.

Line 3

Column K -

Write the total of Column K. This is the total pre-

August 1, 1969, appreciation amount for Sections 1245 and 1250

gain. Write each partner’s share on each Schedule K-1-P, Step 6,

Line 48, Column A.

Line 4

Column L -

Write the total of Column L. This is the total

pre-August 1, 1969, appreciation amount for Section 1231 gain

(including amounts attributable to involuntary conversions by

casualty or theft). Write each partner’s share on each Schedule

K-1-P, Step 6, Line 49, Column A.

Page 4 of 4

Schedule F (IL-1065) (R-12/10)

Schedule F Draft - Attach To Form Il-1065 - Gains From Sales Or Exchanges Of Property Acquired Before August 1, 1969 - 2010 Page 4

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