Form Il-1041 - Fiduciary Income And Replacement Tax Return - 2000 Page 2
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1
2Part III — Net income or loss and replacement tax
1 a
1a
Write the base income or loss from Part I, Line 5, or, if a nonresident, from Schedule NR, Part I, Line 23.
____________|____
a
Check this box if you are electing to forgo the Illinois NLD carryback period. (See instructions.)
b
1b
Write the amount of Illinois net loss deduction (NLD) (attach Schedule NLD, see instructions).
____________|____
c
1c
Subtract Line 1b from 1a (cannot be less than zero). This is your income after NLD.
____________|____
2
If the trust or estate is a resident of Illinois, write the standard exemption of $1,000.
If the trust or estate is a nonresident of Illinois, write the amount from Schedule NR, Part III, Line 4.
2
(If you are a short-year filer, see General Information.)
____________|____
3
Subtract Line 2 from Line 1c (cannot be less than zero). Write the result here and on Part IV, Line 1.
3
This is your Illinois net income.
____________|____
Lines 4 through 7 are for trusts only, estates go to Part IV.
4 a
4a
Multiply Line 3 by 1.5% (.015). This is your replacement tax.
____________|____
b
4b
Recapture of investment credits from Schedule 4255. (See instructions.)
____________|____
5
5
Add Lines 4a and 4b. This is your total replacement tax.
____________|____
6
6
Write the amount of investment credits from Form IL-477. (Attach Form IL-477, see instructions.)
____________|____
7
Subtract Line 6 from Line 5 (cannot be less than zero).
7
Write the result here and on Part II, Line 1. This is your net replacement tax.
____________|____
Part IV — Income tax
1
1
Write the amount of net income from Part III, Line 3.
____________|____
2 a
2a
Multiply Line 1 by 3% (.03). This is your income tax.
____________|____
b
2b
Recapture of investment credits from Schedule 4255. (See instructions.)
____________|____
3
3
Add Lines 2a and 2b. This is your total income tax.
____________|____
4 a
4a
Credit for income tax paid to other states. (Attach Schedule CR, see instructions.)
____________|____
b
4b
Income tax credits from Schedule 1299-D. (Attach Schedule 1299-D, see instructions.)
____________|____
c
4c
Credit for replacement tax paid from worksheet. (See instructions.)
____________|____
d
4d
Carryforward of credit for replacement tax paid. (See instructions.)
____________|____
5
5
Add Lines 4a through 4d. This is the total of your credits.
____________|____
6
Subtract Line 5 from Line 3 (cannot be less than zero).
6
Write the result here and on Part II, Line 2. This is your net income tax.
____________|____
Part V — This information must be completed by all taxpayers.
1
Check one of the following:
Estate
Simple trust
Complex trust
2
If a trust, check one of the following:
Testamentary trust
Inter vivos trust
3 a
If a trust, write the date created: ___ ___/___ ___/___ ___ ___ ___.
b
If an estate, write the date of the decedent’s death: ___ ___/___ ___/___ ___ ___ ___.
4
Check the method of accounting used in preparing this return:
Cash
Accrual
Other (specify: ______________________)
5
Did this trust or estate receive income from a partnership, an S corporation, or another trust or estate?
Yes
No
If yes, list all such partnerships, S corporations, trusts, or estates, showing the name, address, and FEIN of each (attach additional sheet,
if necessary).
Name
Address
FEIN
a
_________________________________
____________________________________
___ ___ - ___ ___ ___ ___ ___ ___ ___
b
_________________________________
____________________________________
___ ___ - ___ ___ ___ ___ ___ ___ ___
c
_________________________________
____________________________________
___ ___ - ___ ___ ___ ___ ___ ___ ___
d
_________________________________
____________________________________
___ ___ - ___ ___ ___ ___ ___ ___ ___
e
_________________________________
____________________________________
___ ___ - ___ ___ ___ ___ ___ ___ ___
f
_________________________________
____________________________________
___ ___ - ___ ___ ___ ___ ___ ___ ___
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-492-0070
IL-1041 back (R-12/00)
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