Form Il-1065 - Partnership Replacement Tax Return - 2004 Page 2
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1
2Part IA — Income adjustments — (See instructions.)
1
1
Write your income or loss from U.S. Form 1065, Schedule K, Line 1, or U.S. Form 1065-B, Schedule K, Line 1a.
____________|____
2
Write the appropriate amounts from U.S. Form 1065, 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
Portfolio income or loss from Lines 5 through 9c, or
2c
U.S. Form 1065-B, Schedule K, Lines 2, 3, and 4
____________|____
d
Net IRC, Section 1231, gain or loss from involuntary conversions due to casualty
2d
and theft, included in Line 10
____________|____
e
Any other items of income or loss that were not included in the computation
of income or loss on Page 1 of U.S. Form 1065 or U.S. Form 1065-B
2f
Identify: ___________________________________________________________
____________|____
2
2
Total. Add Lines 2a through 2e.
____________|____
3
3
Add Lines 1 and 2.
____________|____
4
Write the appropriate amounts from U.S. Form 1065, Schedule K.
a
4a
Charitable contributions from Line 13a
____________|____
b
4b
Expense deduction under IRC, Section 179, from Line 12
____________|____
c
Payments for partners to an IRA, Keogh Plan, or
4c
Simplified Employee Pension (SEP), or in Line 13e
____________|____
d
4d
Portfolio Expenses from Line 13b
____________|____
e
4e
Oil and gas depletion (See instructions.)
____________|____
f
4f
Interest on investment indebtedness from Line 13c
____________|____
g
Any other items of expense that were not deducted in the computation
of income or loss on Page 1 of U.S. Form 1065 or U.S. Form 1065-B
4g
Identify: ___________________________________________________________
____________|____
4
4
Total. Add Lines 4a through 4g.
____________|____
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 any portion of your base income or loss is derived outside Illinois.
1
1
Write your base income or loss from Part I, Line 7.
____________|____
2 a
Nonbusiness income or loss included in Part III, Line 1. (Attach Schedule NB.)
If you are making the business income election, check this box
2a
and write zero here and on Part III, Line 7. (See instructions.)
____________|____
b
Business income or loss from other 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 (F) and transportation companies (T) check
the appropriate box and see Special Apportionment Formulas instructions.)
F
T
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 Sch. NB.) If you checked the box on Line 2a, write zero here.
____________|____
8
8
Business income or loss apportionable to Illinois from non-unitary partnerships, trusts, and estates (See instructions.)
____________|____
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-492-0073
IL-1065 back (R-12/04)
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