Form Il-1041 - Fiduciary Income And Replacement Tax Return Page 2
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1
2
3
4*963602110*
12
12
Write the amount of your income or loss from Line 11.
______________ 00
A
B
Step 3: Figure your Illinois base income or net loss
Benefi ciaries
Fiduciary
13
13a
13b
August 1, 1969, valuation limitation amount. Attach Schedule F.
______________ 00
______________ 00
14
14a
14b
Federally-taxed refund of Illinois income and replacement tax.
______________ 00
______________ 00
15
15a
15b
Payments from certain retirement plans (see instructions).
______________ 00
______________ 00
16
16a
16b
Interest income from U.S. Treasury and other exempt federal obligations.
______________ 00
______________ 00
17
17a
17b
Retirement payments to retired partners.
______________ 00
______________ 00
18
Enterprise Zone or River Edge Redevelopment Zone Dividend
18a
18b
subtraction. Attach Schedule 1299-B.
______________ 00
______________ 00
19
19a
19b
High Impact Business Dividend subtraction. Attach Schedule 1299-B.
______________ 00
______________ 00
20
20a
20b
Contributions to certain job training projects (see instructions).
______________ 00
______________ 00
21
21a
21b
Illinois Special Depreciation subtraction. Attach Form IL-4562.
______________ 00
______________ 00
22
22a
22b
Related-party expenses subtraction. Attach Schedule 80/20.
______________ 00
______________ 00
23
23a
23b
Distributive share of subtractions. Attach Schedule K-1-P or K-1-T.
______________ 00
______________ 00
24
24a
24b
ESBT loss amount.
______________ 00
______________ 00
25
25a
25b
Other subtractions. Attach Illinois Schedule M (for businesses).
______________ 00
______________ 00
26
26
Total subtractions. Add Column B, Lines 13b through 25b.
______________ 00
Report Column A, Lines 13a through 25a, on Schedule K-1-T, Step 5.
27
27
Base income or net loss. Subtract Line 26 from Line 12.
______________ 00
If you are a nonresident of Illinois, complete Schedule NR; otherwise go to Step 4.
Step 4: Figure your net income
28
28
Base income or net loss from Line 27, or, if a nonresident, from Schedule NR, Line 52.
______________ 00
29
29
Discharge of Indebtedness adjustment. See instructions.
______________ 00
30
30
Adjusted base income or net loss. Add Lines 28 and 29.
______________ 00
31
Illinois net loss deduction. Attach Schedule NLD.
31
If Line 30 is zero or a negative amount, write “0”.
______________ 00
32
Standard exemption.
Residents only: Write $1,000.
32
Nonresidents only: Write the amount from Schedule NR, Line 55.
______________ 00
33
33
Add Lines 31 and 32.
______________ 00
34
Net Income. Subtract Line 33 from Line 30.
34
If the amount is negative, write “0”.
______________ 00
Step 5: Figure your net replacement tax —
For trusts only, estates go to Step 6
35
35
Replacement tax. Multiply Line 34 by 1.5% (.015).
______________ 00
36
36
Recapture of investment credits. Attach Schedule 4255.
______________ 00
37
37
Replacement tax before investment credits. Add Lines 35 and 36.
______________ 00
38
38
Investment credits. Attach Form IL-477.
______________ 00
39
39
Net replacement tax. Subtract Line 38 from Line 37. If the amount is negative, write “0.”
______________ 00
Page 2 of 4
IL-1041 (R-12/09)
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