Schedule M - Other Additions And Subtractions For Individuals - 2012
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Illinois Department of Revenue
2012 Schedule M
Other Additions and Subtractions for Individuals
Attach to your Form IL-1040
IL Attachment No. 15
Read this information fi rst
Complete this schedule if you are required to add certain income on Form IL-1040, Line 3, or if you are entitled to take subtractions on
Form IL-1040, Line 7.
If you are required to complete Schedule 1299-C, Schedule F, or Form IL-4562, you must do so before you complete this schedule.
Step 1: Provide the following information
–
–
Your name as shown on Form IL-1040.
Your Social Security number.
Step 2: Figure your additions for Form IL-1040, Line 3
(Whole dollars only)
Write the amount of
1
1
Your child’s federally tax-exempt interest and dividend income as reported on U.S. Form 8814
______________ 00
2
Distributive share of additions you received from a partnership, S corporation, trust, or estate.
2
Attach Illinois Schedule K-1-P or Schedule K-1-T.
______________ 00
3
Lloyds plan of operations loss, if reported on your behalf on Form IL-1023-C and included in
3
your adjusted gross income
______________ 00
4
Earnings distributed from IRC Section 529 college savings and tuition programs if not included
in your adjusted gross income (Do not include distributions from “Bright Start,” “Bright Directions,” or
4
“College Illinois” programs or programs that meet certain disclosure requirements - see instructions.)
______________ 00
5
Illinois special depreciation addition amount from Form IL-4562, Step 2, Line 4. Attach
5
Form IL-4562.
______________ 00
6
6
Business expense recapture (nonresidents only)
______________ 00
7
7
Recapture of deductions for contributions to Illinois college savings plans transferred to an out-of-state plan
______________ 00
8
8
Credit taken on Schedule 1299-C for student-assistance contributions you made as an employer
______________ 00
9
Recapture of deductions for contributions to college savings plans withdrawn for nonqualifi ed expenses
9
or refunded
______________ 00
10
10
Other income - Identify each item _______________________________________________
______________ 00
11 Total Additions.
11
Add Lines 1 through 10. Write the amount here and on Form IL-1040, Line 3.
______________ 00
Step 3: Figure your subtractions for Form IL-1040, Line 7
Write the amount of
12
Contributions made to the following college savings plans:
a
12a
“Bright Start” College Savings Pool
______________ 00
b
12b
“College Illinois” Prepaid Tuition Program
______________ 00
c
12c
“Bright Directions” College Savings Pool
______________ 00
13
Distributive share of subtractions from a partnership, S corporation, trust, or estate. (Do not include
any amounts contained in Lines 20 or 22 of this schedule.) Attach Illinois Schedule K-1-P or K-1-T
13
identifying you as the partner, shareholder, or benefi ciary and listing your Social Security number.
______________ 00
14
14
Restoration of amounts held under claim of right under Internal Revenue Code, Section 1341
______________ 00
15
15
Contributions to a job training project
______________ 00
16
16
Expenses related to federal credits or federally tax-exempt income
______________ 00
17
17
Interest earned on investments through the Home Ownership Made Easy Program
______________ 00
18
Illinois special depreciation subtraction amount from Form IL-4562, Step 3, Line 10.
18
Attach Form IL-4562.
______________ 00
Write the following only if included in Form IL-1040, Lines 1, 2, or 3:
19
19
Military pay earned. Attach military W-2.
______________ 00
20
U.S. Treasury bonds, bills, notes, savings bonds, and U.S. agency interest from U.S. 1040A or 1040.
20
Attach a copy of U.S. 1040A or 1040, Schedule B, if required federally.
______________ 00
21
August 1, 1969, valuation limitation amount from your Schedule F, Line 17. Attach Schedule F and
21
required federal forms.
______________ 00
22
Enterprise or river edge redevelopment zone and high impact business dividend subtraction amount
22
from your Schedule 1299-C, Step 2, Line 10. Attach Schedule 1299-C.
______________ 00
23
23
Add Lines 12a through 22 and write the amount here and on Page 2, Line 24.
______________ 00
*260401110*
IL-1040 Schedule M front (R-12/12)
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