Form Il-1120-St - Small Business Corporation Replacement Tax Return - 2001 Page 2
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1
2Part IA — Ordinary income adjustments — (See instructions.)
1
1
Write your ordinary income or loss from U.S. Form 1120S, Schedule K, Line 1.
____________|____
2
Write the appropriate amounts from U.S. Form 1120S, Schedule K.
a
2a
Net income or loss from rental real estate activities from Line 2
____________|____
b
2b
Net income or loss from other rental activities from Line 3c
____________|____
c
2c
Portfolio income or loss from Lines 4a through 4f
____________|____
d
Net IRC, Section 1231, gain or loss from involuntary conversions due to casualty
2d
and theft, included in Line 6
____________|____
e
Net gain or loss from sale or exchange of property used in trade or business
2e
and certain involuntary conversions under IRC, Section 1231, from Line 5
____________|____
f
Any other items of income or loss that were not included in the computation
of ordinary income or loss on U.S. Form 1120S, Page 1
2f
identify: ___________________________________________________________
____________|____
2
2
Total. Add Lines 2a through 2f.
____________|____
3
3
Add Lines 1 and 2.
____________|____
4
Write the appropriate amounts from U.S. Form 1120S, Schedule K.
a
4a
Charitable contributions from Line 7
____________|____
b
4b
Expense deduction under IRC, Section 179, from Line 8
____________|____
c
4c
Oil and gas depletion (See instructions.)
____________|____
d
4d
Interest on investment indebtedness from Line 11a
____________|____
e
Any other items of expense that were not deducted in the computation
of ordinary income or loss on U.S. Form 1120S, Page 1
4e
identify: ____________________________________________________________
____________|____
4
4
Total. Add Lines 4a through 4e.
____________|____
5
5
Subtract Line 4 from Line 3. This is your unmodified base income or loss. Write here and on Part I, Line 1.
____________|____
Part III — Base income or loss allocable to Illinois
Complete Part III only if base income or loss is derived inside and outside Illinois.
1
1
Base income or loss from Part I, Line 7
____________|____
2 a
Nonbusiness income or loss, minus deductions allocable to that income and
2a
included in Part III, Line 1. (Attach Schedule NB. See Part III, specific instructions.)
____________|____
b
Business income or loss from non-unitary partnerships, trusts, and estates
2b
included in Part III, Line 1. (See instructions.)
____________|____
3
3
Add Lines 2a and 2b. This is the total of your subtractions.
____________|____
4
4
Subtract Line 3 from Line 1. This is your business income or loss.
____________|____
5
Business income apportionment formula. (Financial organizations and transportation companies
see Special Apportionment Formulas instructions.)
a
5a
Total sales everywhere
_____________________________
b
5b
Total sales within Illinois
_____________________________
c
Divide Line 5b by Line 5a. (Carry to six decimal places.)
5c
This is your apportionment factor.
• ________________
6
6
Multiply Line 4 by Line 5c. This is your business income or loss apportionable to Illinois.
____________|____
7
7
Nonbusiness income or loss allocable to Illinois. (Attach Schedule NB. See Part III, specific instructions.)
____________|____
8
8
Business income or loss apportionable to Illinois from non-unitary partnerships, trusts, and estates. (See instr.)
____________|____
9
9
Add Lines 6 through 8. This is your base income or net loss allocable to Illinois. Write here and on Part II, Line 1a.
____________|____
1
Check the method of accounting used in preparing this return:
Cash
Accrual
Other (Specify: ____________)
If you discontinued or sold your business, please complete the following.
2
If you discontinued your business, write the date: ___ ___/___ ___/___ ___ ___ ___
3
If you sold your business, write the date:
___ ___/___ ___/___ ___ ___ ___
4
Tell us the new owner’s name:
______________________________
5
Tell us the new owner’s address:
______________________________
______________________________
6
Tell us the former owner’s forwarding address:
______________________________
______________________________
This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this information is REQUIRED. Failure to provide
information could result in a penalty. This form has been approved by the Forms Management Center.
IL-492-0069
IL-1120-ST back (R-12/01)
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