Form Il-1120-X Draft - Amended Corporation Income And Replacement Tax Return - 2011 Page 2
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1
2
3*133102110*
Step 3: Figure your income or loss
A
B
As most recently
reported or adjusted
Corrected amount
1
1
1
Federal taxable income from U.S. Form 1120.
_____________ 00
_____________ 00
2
2
2
Net operating loss deduction from U.S. Form 1120.
_____________ 00
_____________ 00
3
3
3
State, municipal, and other interest income excluded from Line 1.
_____________ 00
_____________ 00
4
4
4
Illinois income and replacement tax deducted in arriving at Line 1.
_____________ 00
_____________ 00
5
5
5
Illinois Special Depreciation addition (Form IL-4562).
_____________ 00
_____________ 00
6
6
6
Related-party expenses addition (Schedule 80/20).
_____________ 00
_____________ 00
7
7
7
Distributive share of additions (Schedule(s) K-1-P or K-1-T).
_____________ 00
_____________ 00
8
8
8
Other additions (Illinois Schedule M for businesses)
_____________ 00
_____________ 00
.
9
9
9
Add Lines 1 through 8. This is your total income or loss
_____________ 00
_____________ 00
.
S tep 4: Figure your base income or loss
10
10
10
Interest income from U.S. Treasury and exempt federal obligations.
_____________ 00
_____________ 00
11
Enterprise Zone or River Edge Redevelopment Zone
11
11
Dividend subtraction (Schedule 1299-B).
_____________ 00
_____________ 00
12
Enterprise Zone or River Edge Redevelopment Zone
12
12
Interest subtraction (Schedule 1299-B).
_____________ 00
_____________ 00
13
13
13
High Impact Business Dividend subtraction (Schedule 1299-B).
_____________ 00
_____________ 00
14
14
14
High Impact Business Interest subtraction (Schedule 1299-B).
_____________ 00
_____________ 00
15
15
15
Contribution subtraction (Schedule 1299-B).
_____________ 00
_____________ 00
16
16
16
Contribution to certain job training projects.
_____________ 00
_____________ 00
17
17
17
Foreign Dividend subtraction (Schedule J).
_____________ 00
_____________ 00
18
18
18
Illinois Special Depreciation subtraction (Form IL-4562).
_____________ 00
_____________ 00
19
19
19
Related-party expenses subtraction (Schedule 80/20).
_____________ 00
_____________ 00
20
20
20
Distributive share of subtractions (Schedule(s) K-1-P or K-1-T).
_____________ 00
_____________ 00
21
21
21
Other subtractions (Schedule M for businesses).
_____________ 00
_____________ 00
22
22
22
Total subtractions. Add Lines 10 through 21.
_____________ 00
_____________ 00
23
23
23
Base income or net loss. Subtract Line 22 from Line 9.
_____________ 00
_____________ 00
If the amount on Line 23 is derived inside and outside Illinois, complete Step 5. Otherwise, go to Step 6.
Step 5: Figure your income allocable to Illinois
24
24
24
Nonbusiness income or loss (Schedule NB).
_____________ 00
_____________ 00
25
Trust, estate, and non-unitary partnership business income
25
25
or loss included in Line 23.
_____________ 00
_____________ 00
26
26
26
Add Lines 24 and 25.
_____________ 00
_____________ 00
27
27
27
Business income or loss. Subtract Line 26 from Line 23.
_____________ 00
_____________ 00
28
28
28
Total sales everywhere (this amount cannot be negative).
_____________ 00
_____________ 00
29
29
29
Total sales inside Illinois (this amount cannot be negative).
_____________ 00
_____________ 00
.
.
30
30
30
Apportionment factor. Divide Line 29 by Line 28.
___
____________
___
____________
31
Business income or loss apportionable to Illinois.
31
31
Multiply Line 27 by Line 30.
_____________ 00
_____________ 00
32
32
32
Nonbusiness income or loss allocable to Illinois (Schedule NB).
_____________ 00
_____________ 00
33
Trust, estate, and non-unitary partnership business income
33
33
or loss apportionable to Illinois.
_____________ 00
_____________ 00
34
Base income or net loss allocable to Illinois.
34
34
Add Lines 31 through 33.
_____________ 00
_____________ 00
IL-1120-X (R-12/11)
Page 2 of 4
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