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from the amount of that item in Column A, and include the difference

Steps 3 and 4 - Column B

Step 3, Column B represents your

in the Non-Illinois Portion column for that item on your

share of the partnership’s or the S corporation’s nonbusiness income

• Form IL-1040, Schedule CR, Credit for Tax Paid to Other States, or

allocated to Illinois. Step 4, Column B, represents your share of the

partnership’s or the S corporation’s business income apportioned to

• Form IL-1041, Schedule CR, Credit for Tax Paid to Other States.

Illinois.

Step-by-Step Instructions

for individuals filing Form IL-1040

Steps 3 and 4 - Your share of nonbusiness and

Column A

Column B

Line 12

______________

business income or loss —

Line 13

______________

Follow the Steps 3 and 4 instructions to determine the amounts

Line 14

______________

to include on your Form IL-1040, Schedule NR or Schedule CR.

Line 15

______________

Column A - Member’s share —

The amounts reported on

Line 20

______________

Lines 10 through 31 must match your federal Schedule K-1.

Line 21

______________

Column B - Illinois share —

Line 22

______________

To determine the amount to

Line 25

______________

include on specific lines of your Form IL-1040 and Schedule NR, add

Line 28

______________

specific lines in Step 3, Column B, to specific lines in Step 4, Column B.

The following instructions explain what lines to add together and on what

Line 29

______________

line of your form or schedule these totals are to be included.

Total

______________

If the partnership that completed the Schedule K-1-P entered

Do not double count items reported as both unrecaptured

“investment partnership” in Step 1, Line 4, Column B should be blank.

Section 1250 gains on Schedule K-1-P, Line 28, and as Section 1231

Do not use the Column B instructions for this step. Instead, refer to the

gains on Schedule K-1-P, Line 30.

instructions under General Information, “What if the partnership is an

Nonresidents: Include the total amount from Column B on your Form

investment partnership?”

IL-1040, Schedule NR, Step 3, Column B, Line 15.

Use the following instructions in order to include the income

Residents claiming taxes paid in other states: Subtract the amount in

from Schedule K-1-P, Steps 3 and 4, on your Form IL-1040, Schedule

Column B from the total amount in Column A, and include the result on

NR, Step 3, Column B, Lines 5 through 19, or Form IL-1040, Schedule

your Form IL-1040, Schedule CR, Step 2, Column B, Line 11.

CR, Step 2, Column B, Lines 1 through 15.

Capital gain or loss -

Enter the amounts from Columns A and B,

Interest income -

Nonbusiness interest is not taxed by Illinois.

Steps 3 and 4, for each line item and add all the amounts for each

Step 3, Column B, Line 10, should be “0.” If the Schedule K-1-P you

column.

received shows an amount in Column B of this line, you should notify the

Column A

Column B

partnership or S corporation who issued you the schedule and ask for a

Line 16

______________

corrected Schedule K-1-P.

Line 17

______________

Nonresidents: Include the amount from Step 4, Column B, Line 23, on

Line 18

______________

your Form IL-1040, Schedule NR, Step 3, Column B, Line 6.

Line 26

______________

Line 27

______________

Residents claiming credit for taxes paid in other states: Subtract

Total

______________

the amount on Step 4, Column B, Line 23, from the amount on Step

4, Column A, Line 23, and include the result on your Form IL-1040,

Nonresidents: Include the total amount from Column B on your Form

Schedule CR, Step 2, Column B, Line 2.

IL-1040, Schedule NR, Step 3, Column B, Line 11.

Dividend income -

Nonbusiness dividends are not taxed by Illinois.

You may include any capital loss amounts on your Form IL-1040,

Step 3, Column B, Line 11, should be “0.” If the Schedule K-1-P you

Schedule NR, Step 3, Column B, Line 11, only to the extent those loss

received shows an amount in Column B of this line, you should notify the

amounts are included in your federal adjusted gross income.

partnership or S corporation who issued you the schedule and ask for a

Residents claiming taxes paid in other states: Subtract the amount in

corrected Schedule K-1-P.

Column B from the total amount in Column A, and include the result on

Nonresidents: Include the amount from Step 4, Column B, Line 24, on

your Form IL-1040, Schedule CR, Step 2, Column B, Line 7.

your Form IL-1040, Schedule NR, Step 3, Column B, Line 7.

Other gains or losses -

Do not double count items reported as

Residents claiming credit for taxes paid in other states: Subtract

both unrecaptured Section 1250 gains on Schedule K-1-P, Line 28,

the amount on Step 4, Column B, Line 24, from the amount on Step

and as Section 1231 gains on Schedule K-1-P, Line 30.

4, Column A, Line 24, and include the result on your Form IL-1040,

Nonresidents: Include the amount from Step 4, Line 30, Column B, on

Schedule CR, Step 2, Column B, Line 3.

your Form IL-1040, Schedule NR, Step 3, Column B, Line 12.

Rents, royalties, partnerships, S corporations, estates, and

Residents claiming taxes paid in other states: Subtract the amount

trusts -

Enter the amounts from Columns A and B, Steps 3 and 4, for

on Step 4, Column B, Line 30, from the amount on Step 4, Column A,

each line item and add all the amounts for each Column.

Line 30, and include the result on your Form IL-1040, Schedule CR,

Step 2, Column B, Line 8.

Schedule K-1-P(2) (R-12/17)

Page 2 of 10

Instructions For Schedule K-1-P(2) - Partner'S And Shareholder'S - Illinois Department Of Revenue Page 2

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