Form Il-1120-X - Amended Corporation Income And Replacement Tax Return - 2007 Page 2

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A
B
As most recently
Corrected amount
reported or adjusted
10
10
10
Write the amounts from Line 9
____________|____
____________|____
S tep 4: Figure your base income or loss
11
11
11
Federally-taxed refund of Illinois income and replacement tax.
____________|____
____________|____
12
12
12
Interest income from U.S. Treasury and exempt federal obligations.
____________|____
____________|____
13
Enterprise Zone or River Edge Redevelopment Zone
13
13
dividend subtraction (Schedule 1299-B).
____________|____
____________|____
14
Enterprise Zone or River Edge Redevelopment Zone
14
14
interest subtraction (Schedule 1299-B).
____________|____
____________|____
15
15
15
High Impact Business dividend subtraction (Schedule 1299-B).
____________|____
____________|____
16
16
16
High Impact Business interest subtraction (Schedule 1299-B).
____________|____
____________|____
17
17
17
Contribution subtraction (Schedule 1299-B).
____________|____
____________|____
18
18
18
Contribution to certain job training programs.
____________|____
____________|____
19
19
19
Foreign dividend subtraction (Schedule J).
____________|____
____________|____
20
20
20
Illinois Bonus Depreciation subtraction (Form IL-4562).
____________|____
____________|____
21
21
21
Related-Party Expenses subtraction (Schedule 80/20).
____________|____
____________|____
22
22
22
Distributive share of subtractions (Schedule K-1-P or K-1-T).
____________|____
____________|____
23
23
23
Other subtractions (Schedule M for businesses).
____________|____
____________|____
24
24
24
Total subtractions. Add Lines 11 through 23.
____________|____
____________|____
25
25
25
Base income or net loss. Subtract Line 24 from Line 10.
____________|____
____________|____
If the amount on Line 25 is derived inside and outside Illinois, complete Step 5. Otherwise, go to Step 6.
Step 5: Figure your income allocable to Illinois
26
26
26
Nonbusiness income or loss (Schedule NB).
____________|____
____________|____
27
Non-unitary partnership business income or loss
27
27
included in Line 25.
____________|____
____________|____
28
28
28
Add Lines 26 and 27.
____________|____
____________|____
29
29
29
Business income or loss. Subtract Line 28 from Line 25.
____________|____
____________|____
30
30
30
Total sales everywhere (this amount cannot be negative).
____________|____
____________|____
31
31
31
Total sales inside Illinois (this amount cannot be negative).
____________|____
____________|____
.
.
32
32
32
Apportionment Factor. Divide Line 31 by Line 30.
_______________
_______________
33
Business income or loss apportionable to Illinois.
33
33
Multiply Line 29 by Line 32.
____________|____
____________|____
34
34
34
Nonbusiness income or loss allocable to Illinois (Schedule NB).
____________|____
____________|____
35
Non-unitary partnership business income or loss
35
35
apportionable to Illinois.
____________|____
____________|____
36
Base income or net loss allocable to Illinois.
36
36
Add Lines 33 through 35.
____________|____
____________|____
Step 6: Figure your net income
37
37
37
Base income or net loss from Line 25 or Line 36.
____________|____
____________|____
38
Illinois net loss deduction (Schedule NLD or UB/NLD).
38
38
If Line 37 is zero or a negative amount, write “0.”
____________|____
____________|____
39
39
39
Net income. Subtract Line 38 from Line 37.
____________|____
____________|____
IL-1120-X (R-12/07)
Page 2 of 3

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