Form Il-1041-X - Amended Fiduciary Income And Replacement Tax Return - 2008 Page 2
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1
2
3A
B
As most recently
Reported or adjusted
Corrected amount
Benefi ciaries
Fiduciary
Benefi ciaries
Fiduciary
12
12
12
Write the amounts of income or loss from Line 11.
____________|___
____________|___
Step 4: Figure your Illinois base income or net loss
13
August 1, 1969 valuation limitation
13a
13b
13a
13b
amount (Schedule F).
____________|___
____________|___
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14
Federally-taxed refund of Illinois
14a
14b
14a
14b
income and replacement tax
____________|___
____________|___
____________|___
____________|___
.
15
Payments from certain retirement
15a
15b
15a
15b
plans.
____________|___
____________|___
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16
Interest income from U.S. Treasury
16a
16b
16a
16b
and other exempt federal obligations.
____________|___
____________|___
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17
Retirement payments to retired
17a
17b
17a
17b
partners.
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18
Enterprise Zone or River Edge
Redevelopment Zone Dividend
18a
18b
18a
18b
subtraction (Schedule 1299-B).
____________|___
____________|___
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19
High Impact Business Dividend
19a
19b
19a
19b
subtraction (Schedule 1299-B).
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20
Contributions to certain job training
20a
20b
20a
20b
projects.
____________|___
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21
Illinois Special Depreciation
21a
21b
21a
21b
subtraction (Form IL-4562).
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22
Related-Party Expenses
22a
22b
22a
22b
subtraction (Schedule 80/20).
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23
Distributive share of subtractions
23a
23b
23a
23b
(Schedule K-1-P or K-1-T).
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24
24a
24b
24a
24b
Other subtractions (Schedule M).
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25
Total subtractions.
Add Lines 13b through 24b.
25
25
See instructions.
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26
Base income or net loss.
26
26
Subtract Line 25 from Line 12.
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If you are a nonresident of Illinois, complete Schedule NR; otherwise continue on to Step 5.
Step 5: Figure your net income
27
Base income or net loss from Line 26, or,
27
27
if you are a nonresident, from Schedule NR, Line 51.
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28
Illinois net loss deduction (Schedule NLD).
28
28
If Line 27 is zero or a negative amount, write “0.”
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29
Standard exemption.
Residents only: Write $1,000.
29
29
Nonresidents only: Write the amount from Sch. NR, Line 54.
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30
30
30
Add Lines 28 and 29.
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31
Net income. Subtract Line 30 from Line 27.
31
31
If the amount is negative, write “0.”
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Step 6: Figure your net replacement tax — For trusts only, estates go to Step 7.
32
32
32
Replacement tax. Multiply Line 31 by 1.5% (.015).
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33
33
33
Recapture of investment credits (Schedule 4255).
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34
34
34
Replacement tax before investment credits. Add Lines 32 and 33
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.
35
35
35
Investment credits (Form IL-477).
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36
Net replacement tax. Subtract Line 35 from Line 34.
36
36
If negative, write “0.”
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IL-1041-X (R-12/08)
Page 2 of 3
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