Instructions And Benefits Information For Form Il-1363 - Illinois Department Of Revenue - 2002 Page 14
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2023 Net capital gain or (loss)
25 Total income
Write any net capital gain or loss you and your
Add Lines 13 through 24 and write the total. This
spouse received in 2002. Write a loss in
your total income for the year 2002.
parentheses. For example, a $700 loss should
26 If you rented out any part of your
be written as (700).
home to someone else, complete
If you report a net capital loss, it cannot exceed
Lines 26a and 26b.
$3,000. If you are married, but not living with
You must also include the amount you
your spouse, and you are filing a federal income
received as rent on Line 22.
tax return in your name only, your net capital
a Write the number of rooms in your home.
loss cannot exceed $1,500.
If you were a homeowner or renter and rented
If you are claiming a loss,
out part of your home to someone else in
you must attach proof of loss of
2002, you must write the total number of
income — see Page 18.
rooms in your home.
24 Other income or (loss)
b Write the number of rooms you rented
Write any other income or loss not reported on
to someone else.
Lines 13 through 23. For an explanation of other
If you were a homeowner or renter and rented
income, see “What is considered income?” on
out part of your home to someone else in
Page 12. Write a loss in parentheses. For
2002, you must write the number of
example, a $700 loss should be written as (700).
rooms you rented to someone else.
If you rented part of your home to
You cannot use a net operating loss (NOL)
someone else, we will figure your grant using a
carryover in figuring income.
proportionately reduced amount for your rent or
If you are claiming a loss,
property tax.
you must attach proof of loss of
income — see Page 18.
Step 4:
Does your total income allow you to file this application?
Projecting your income
27 See if you qualify
Write the number of persons you are reporting on
If you have experienced an event that has
Form IL-1363 and on Schedule B, Qualified
decreased your income to less than the income
Additional Residents. See “Who is a qualified
limits for 2002, and you have met the age and
additional resident?” on Page 3.
residency requirements, you may qualify for
Compare Line 25 to Box 27 to determine if you
prescription coverage. For example, a qualifying
are eligible for these programs.
event might be the death of your spouse, a
If you wrote 1 in Box 27, then Line 25 must
divorce, the onset of a disability, or your spouse
be less than $21,218.
entering the nursing home.
If you wrote 2 in Box 27, then Line 25 must
You must use Schedule P, Projected Income
be less than $28,480.
Schedule for Prescription Coverage, in order to
If you wrote 3 (or more) in Box 27 then
qualify under these conditions. To obtain a copy of
Line 25 must be less than $35,740.
Schedule P, see “Customer Connection?” on
If yes, go to Step 5. If no, STOP. You still may be
Page 19.
eligible for prescription coverage. See “Projecting
your income”.
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Avoid a delay
Apply by March 31
IL-1363 instructions (R-12/02)
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