Form Il-1041 - Fiduciary Income And Replacement Tax Return Page 2
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1
2
3
4*063602110*
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
Payments from certain retirement plans (see instructions).
______________ 00
______________ 00
15
15a
15b
Interest income from U.S. Treasury and other exempt federal obligations.
______________ 00
______________ 00
16
16a
16b
Retirement payments to retired partners.
______________ 00
______________ 00
17
Enterprise Zone or River Edge Redevelopment Zone Dividend
17a
17b
subtraction. Attach Schedule 1299-B.
______________ 00
______________ 00
18
18a
18b
High Impact Business Dividend subtraction. Attach Schedule 1299-B.
______________ 00
______________ 00
19
19a
19b
Contributions to certain job training projects (see instructions).
______________ 00
______________ 00
20
20a
20b
Illinois Special Depreciation subtraction. Attach Form IL-4562.
______________ 00
______________ 00
21
21a
21b
Related-party expenses subtraction. Attach Schedule 80/20.
______________ 00
______________ 00
22
22a
22b
Distributive share of subtractions. Attach Schedule(s) K-1-P or K-1-T.
______________ 00
______________ 00
23
23a
23b
ESBT loss amount.
______________ 00
______________ 00
24
24a
24b
Other subtractions. Attach Illinois Schedule M (for businesses).
______________ 00
______________ 00
25
25
Total subtractions. Add Column B, Lines 13b through 24b.
______________ 00
Report Column A, Lines 13a through 24a, on Schedule K-1-T, Step 5.
26
26
Base income or net loss. Subtract Line 25 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
27
27
Base income or net loss from Line 26, or, if a nonresident, from Schedule NR, Line 51.
______________ 00
28
28
Discharge of Indebtedness adjustment. Attach federal Form 982. See instructions.
______________ 00
29
29
Adjusted base income or net loss. Add Lines 27 and 28.
______________ 00
30
Illinois net loss deduction. Attach Schedule NLD.
30
If Line 29 is zero or a negative amount, write “0.”
______________ 00
31
Standard exemption.
Residents only: Write $1,000.
31
Nonresidents only: Write the amount from Schedule NR, Line 54.
______________ 00
32
32
Add Lines 30 and 31.
______________ 00
33
Net Income. Subtract Line 32 from Line 29.
33
If the amount is negative, write “0.”
______________ 00
Step 5: Figure your net replacement tax —
For trusts only, estates go to Step 6
34
34
Replacement tax. Multiply Line 33 by 1.5% (.015).
______________ 00
35
35
Recapture of investment credits. Attach Schedule 4255.
______________ 00
36
36
Replacement tax before investment credits. Add Lines 34 and 35.
______________ 00
37
37
Investment credits. Attach Form IL-477.
______________ 00
38
38
Net replacement tax. Subtract Line 37 from Line 36. If the amount is negative, write “0.”
______________ 00
IL-1041 (R-12/10)
Page 2 of 4
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