Schedule K-1-T(2) Draft - Beneficiary'S Instructions Page 2
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1
2
3
4Lines 40 -
Nonbusiness gain or loss -
Include the amount from Line 40 on your
Add Step 3, Column B, Lines 15,
•
16, and 17. Include this total amount to the extent it was not distributed
Form IL-1040, Schedule 1299-C, Step 2, Line 5, or
•
or deemed distributed to a benefi ciary on your Schedule NR, Step 3,
Schedule 1299-B, Step 1, Line 5.
Column C, Line 4.
For partnerships fi ling Form IL-1065, corporations fi ling
Business gain or loss -
Add Step 4, Lines 21 and 22, Column B.
Form IL-1120, or S corporations fi ling Form IL-1120-ST —
Include this total amount to the extent it was not distributed or deemed
Lines 36a, 36b, and 41 through 46 -
The amounts on these
distributed to a benefi ciary on your Schedule NR, Step 3, Column C,
lines are reported in your Illinois base income by including the total of
Line 10.
these lines on your
Other income -
The trust or estate is required to identify or send
•
Form IL-1065, Step 5, Line 32,
you a breakdown of the items reported on Step 3, Line 18, and Step 4,
•
Form IL-1120, Step 3, Line 20, or
Line 29. This identifi cation or breakdown will determine on what lines
•
Form IL-1120-ST, Step 5, Line 32.
of your federal return you need to report the income in Column A.
The amounts reported in Column B need to be reported on the corre-
Lines 39 -
Include the amount from Line 39 on your
sponding lines of your Schedule NR, Step 3, Column C to the extent
•
Form IL-1065 or IL-1120-ST, Schedule 1299-A, Tax Subtractions
they were not distributed or deemed distributed to a benefi ciary.
and Credits, Step 1, Line 2, or
For partnerships fi ling Form IL-1065, corporations fi ling
•
Form IL-1120, Schedule 1299-B, Step 2, Line 10.
Form IL-1120, or S corporations fi ling Form IL-1120-ST —
Lines 40 -
Include the amount from Line 40 on your
Include the amounts in Step 3, Column B, in the total amount you
•
Form IL-1065 or IL-1120-ST, Schedule 1299-A, Step 1, Line 5, or
report on your
•
Form IL-1120, Schedule 1299-B, Step 2, Line 13.
• Form IL-1065, Step 6, Line 44,
Column B - Nonresident benefi ciary’s share —
• Form IL-1120-ST, Step 6, Line 44, or
• Form IL-1120, Step 4, Line 32.
For individuals fi ling Form IL-1040, Schedule NR —
Include the amounts in Step 4, Column B, in the total amount you
Use the following instructions in order to include the Illinois
report on your
additions and subtractions reported in Step 5 of Schedule K-1-T, on
• Form IL-1065, Step 6, Line 45,
your Form IL-1040, Schedule NR.
• Form IL-1120-ST, Step 6, Line 45, or
Lines 30 through 35 -
Add Lines 30 through 35. Include the total
• Form IL-1120, Step 4, Line 33.
amount on Schedule NR, Step 4, Column B, Line 40.
Step 5 - Your share of Illinois additions and
Lines 36a through 46 -
Add Lines 36a through Line 46, Include
the total amount on Schedule NR, Step 4, Column B, Line 44.
subtractions —
Column A - Member’s share of additions —
For trusts or estates fi ling Form IL-1041, Schedule NR —
Lines 30 through 35 -
The amounts on these lines are reported in
Lines 30 through 35 -
Add Column B, Lines 30 through 35.
your Illinois base income by including them on your
Include this total amount as an addition on your Schedule NR,
•
Form IL-1040, Schedule M, Other Additions and Subtractions for
Step 4, Column B, Line 35 to the extent it was not distributed or
Individuals, Line 2 (see Form IL-1040 instructions);
deemed distributed to a benefi ciary.
•
Form IL-1041, Step 2, Line 9;
Lines 36a through Line 38 and Line 42 through 46 -
Add
•
Form IL-1065, Step 4, Line 19;
Column B, Lines 36a through 38 and 42 through 46, Include this
•
Form IL-1120, Step 2, Line 7; or
total amount on your Schedule NR, Step 4, Column B, Line 47 to the
•
Form IL-1120-ST, Step 4, Line 19.
extent it was not distributed or deemed distributed to a benefi ciary.
Column A - Member’s share of subtractions —
Lines 39 -
Include the amount from Line 39 on your Schedule NR,
For individuals fi ling Form IL-1040 and trusts or estates
.
Column B, Line 42
fi ling Form IL-1041 ——
Add Step 5, Column A,
Lines 40 -
Include the amount from Line 40 on your Schedule NR,
Line 36a
______________
Column B, Line 43.
Line 36b
______________
Line 37
______________
For partnerships fi ling Form IL-1065, corporations fi ling
Line 38
______________
Form IL-1120, or S corporations fi ling Form IL-1120-ST —
Line 41
______________
Lines 30 through 46 -
Add any nonbusiness amounts from
Line 42
______________
Column B, Lines 30 through 46. Include this total amount as an
Line 43
______________
addition on your
Line 44
______________
• Form IL-1065, Step 6, Line 44,
Line 45
______________
Line 46
______________
• Form IL-1120-ST, Step 6, Line 44, or
Total
______________
• Form IL-1120, Step 4, Line 32.
Write the total on Form
Add any business amounts from Lines 30 through 46, Column B.
Include this total amount from the amount on your
•
IL-1040, Schedule M, Other Additions and Subtractions for Individuals,
Line 13 (see Form IL-1040 Instructions), or
• Form IL-1065, Step 6, Line 45,
•
• Form IL-1120-ST, Step 6, Line 45, or
IL-1041, Step 3, Line 22.
• Form IL-1120, Step 4, Line 33.
Lines 39 -
Include the amount from Line 39 on your
•
Form IL-1040, Schedule 1299-C, Income Tax Subtractions and
Credits for Individuals, Step 2, Line 2, or
•
Schedule 1299-B, Step 1, Line 2.
Schedule K-1-T(2) (R-12/10)
Page 2 of 4
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