Instructions For Schedule K-1-P(2) - Partner'S And Shareholder'S - Illinois Department Of Revenue Page 3

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Residents claiming credit for taxes paid in other states: Subtract the
Other income -
The partnership or the S corporation is required to
total amount in Column B from the total amount in Column A, and enter
identify or send you a breakdown of the items reported on Step 3, Line
the result on your Form IL-1040, Schedule CR, Step 3, Column B, Line
19, and Step 4, Line 31. This identification or breakdown will determine
35.
on what lines of your federal return you need to report the income in
Column A.
Lines 38a through 47 -
Add Lines 38a through 47 for both Column A
and Column B.
Nonresidents: The amounts reported in Column B need to be reported
Column A
Column B
on the corresponding lines of your Form IL-1040, Schedule NR,
Line 38a
______________
______________
Column B.
Line 38b
______________
______________
Residents claiming taxes paid in other states: Subtract the amounts
Line 39
______________
______________
in Column B from the corresponding amounts in Column A, and include
Line 40
______________
______________
the results on the appropriate lines of your Form IL-1040, Schedule CR,
Line 41
______________
______________
Step 2, Column B.
Line 42
______________
______________
Step 5 - Your share of Illinois additions and
Line 43
______________
______________
Line 44
______________
______________
subtractions —
Line 45
______________
______________
Column A - Member’s share of additions —
Line 46
______________
______________
Line 47
______________
______________
Lines 32 through 37 -
The amounts on these lines are reported
Total
______________
______________
in your Illinois base income by including them on your Form IL-1040,
Schedule M, Other Additions and Subtractions for Individuals, Step 2,
Nonresidents: Include the total amount from Column B on your
Line 2 (see Form IL-1040 instructions).
Form IL-1040, Schedule NR, Step 4, Column B, Line 44.
Column A - Member’s share of subtractions —
Residents claiming credit for taxes paid to other states: Subtract the
total amount in Column B from the total amount in Column A, and enter
Add Step 5, Column A,
the result on your Form IL-1040, Schedule CR, Step 3, Column B, Line
Line 38a
______________
39.
Line 38b
______________
Line 41
______________
Step 6 - Your share of the Illinois August 1, 1969,
Line 42
______________
appreciation amounts —
Line 43
______________
Line 44
______________
Column A - Member’s share —
Line 45
______________
Line 46
______________
Line 48 -
Include the amount from Line 48 on your Form IL-1040,
Line 47
______________
Schedule F, Step 3, Column H, Line 6.
Total
______________
Enter the total on Form IL-1040, Schedule M, Other Additions and
Lines 49 and 50 -
If Line 50 is blank, include the amount on Line 49
Subtractions for Individuals, Step 3, Line 13 (see Form IL-1040, Schedule
on your Schedule F, Step 3, Column I, Line 6. Otherwise, skip Line 49
M Instructions).
and include the amount on Line 50 on your Form IL-1040, Schedule F,
Line 39 -
Step 3, Column I, Line 6.
Include the amount from Line 39 on your Form IL-1040,
Schedule 1299-C, Step 2, Line 2.
Line 51 -
Include the amount from Line 51 on your Form IL-1040,
Line 40 -
Include the amount from Line 40 on your Form IL-1040,
Schedule F, Step 2, Line 2.
Schedule 1299-C, Step 2, Line 5.
Column B - Illinois share —
Column B - Illinois share —
If the partnership that completed the Schedule K-1-P entered “investment
If the partnership that completed the Schedule K-1-P entered “investment
partnership” in Step 1, Line 4, Column B should be blank. Do not use
partnership” in Step 1, Line 4, Column B should be blank. Do not use the
the Column B instructions for this step. Instead, refer to the instructions
Column B instructions for this step. Instead, refer to the instructions under
under General Information, “What if the partnership is an investment
General Information, “What if the partnership is an investment partnership?”
partnership?”
Lines 32 through 37 -
Add Lines 32 through 37 for both Column A and
Lines 48 through 51 -
Enter the amounts from Columns A and B.
Column B.
Column A
Column B
If Line 50 is blank, add Lines 48, 49, and 51 for both Columns A and B.
Otherwise, add Lines 48, 50, and 51.
Line 32
______________
______________
Line 33
______________
______________
Column A
Column B
Line 48
______________
______________
Line 34
______________
______________
Line 49
______________
______________
Line 35
______________
______________
Line 50
______________
______________
Line 36
______________
______________
Line 51
______________
______________
Line 37
______________
______________
Total
______________
______________
Total
______________
______________
Nonresidents: Include the total amount from Column B on your
Nonresidents: Include the total amount from Column B as a subtraction
Form IL-1040, Schedule NR, Step 4, Column B, Line 40.
on your Form IL-1040, Schedule NR, Step 4, Column B, Line 44.
Schedule K-1-P(2) (R-12/17)
Page 3 of 10

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