Form Il-1363 - Application For Circuit Breaker Grant, License Plate Discount, And Optional Help Paying For Drugs (Pharmaceutical Assistance Or Seniorcare) - 2004 Page 14

ADVERTISEMENT

20 Wages, salaries, and tips from work
24 Other income or (loss)
Write the total amount of wages, salaries, and tips
Write any other income or loss not reported on
you received in 2004 from working and the total
Lines 13 through 23. For an explanation of other
amount your spouse received in 2004 from
income, see Page 12, “What is considered
working. Add these amounts for both you and
income?”. Write a loss in parentheses. For
your spouse, and write the total on Line 20.
example, a $700 loss should be written as (700).
You cannot use a net operating loss (NOL)
21 Interest and dividends received
carryover in figuring income.
Write the total amount of interest and dividends
you and your spouse received in 2004 from all
If you are claiming a loss,
sources, including any government sources.
you must attach proof of loss of
income — see Page 18.
You must include both taxable and nontaxable
amounts.
25 Total income
22 Net rental, farm, and business income
Add Lines 13 through 24 and write the total. If you
or (loss)
report any losses in Lines 22, 23, and 24,
Write the total net income or loss from rental,
remember the loss is a decrease to your income.
farm, and business sources, as reportable for
Do not include amounts on Lines 17a and 18a in
federal income tax purposes in 2004.
this total.
You cannot use a net operating loss (NOL)
26 If you rented out any part of your home to
carryover in figuring income.
someone else, complete Lines 26a and 26b.
Write a loss in parentheses. For example, a $700
You must also include the amount you
loss should be written as (700).
received as rent on Line 22.
If you are claiming a loss,
a Write the number of rooms in your home.
you must attach proof of loss of
If you were a homeowner or renter and rented
income — see Page 18.
out part of your home to someone else in
2004, you must write the total number of
23 Net capital gain or (loss)
rooms in your home.
Write any net capital gain or loss you and your
b Write the number of rooms you rented
spouse received in 2004.
to someone else.
If you report a net capital loss, it cannot exceed
If you were a homeowner or renter and rented
$3,000. If you are married, but not living with your
out part of your home to someone else in
spouse, and you are filing a federal income tax
2004, you must write the number of
return in your name only, your net capital loss
rooms you rented to someone else.
cannot exceed $1,500. Write a loss in
parentheses. For example, a $700 loss should be
If you rented part of your home to someone
written as (700).
else, we will figure your grant using a
proportionately reduced amount for your rent or
You cannot use a net capital loss carryover
property tax.
in figuring income.
If you are claiming a loss,
you must attach proof of loss of
income — see Page 18.
Step 4:
Does your total income allow you to file this application?
27 See if you qualify
If you wrote 2 in Box 27, then Line 25 must
be less than $28,480.
Write the number of persons you are reporting
If you wrote 3 (or more) in Box 27 then
on Form IL-1363 and on Schedule B, Qualified
Line 25 must be less than $35,740.
Additional Residents.
If yes, go to Step 5. If no, STOP. You still may
Compare Line 25 to Box 27 to determine if you
be eligible for drug coverage. See “Projecting
are eligible for these programs.
your income” on Page 15.
If you wrote 1 in Box 27, then Line 25 must
be less than $21,218.
14
Apply every year
Renew by March 31
IL-1363 instructions (R-12/04)

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial