Partner'S And Shareholder'S Instructions For Schedule K-1-P(2)/instructions For Individuals Filing Form Il-1040 Page 2
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8Step-by-Step Instructions
for individuals filing Form IL-1040
Column A - Member’s share —
Residents claiming taxes paid in other states: Subtract the amount in
The amounts reported on
Lines 10 through 31 must match your federal Schedule K-1.
Column B from the total amount in Column A, and include the result on
your Form IL-1040, Schedule CR, Step 2, Column B, Line 11.
Column B - Illinois share —
To determine the amount to
include on specific lines of your Form IL-1040 and Schedule NR, add
Capital gain or loss -
Write the amounts from Columns A and B,
Steps 3 and 4, for each line item and add all the amounts for each
specific lines in Step 3, Column B, to specific lines in Step 4, Column B.
column.
The following instructions explain what lines to add together and on what
line of your form or schedule these totals are to be included.
Column A
Column B
Line 16
______________
______________
If the partnership that completed the Schedule K-1-P wrote “investment
Line 17
______________
______________
partnership” in Step 1, Line 4, Column B should be blank. Do not use
Line 18
______________
______________
the Column B instructions for this step. Instead, refer to the instructions
Line 26
______________
______________
under General Information, “What if the partnership is an investment
Line 27
______________
______________
partnership?”
Total
______________
______________
Use the following instructions in order to include the income
from Schedule K-1-P, Steps 3 and 4, on your Form IL-1040, Schedule
Nonresidents: Include the total amount from Column B on your Form
NR, Step 3, Column B, Lines 5 through 19, and Form IL-1040, Schedule
IL-1040, Schedule NR, Step 3, Column B, Line 11.
CR, Step 2, Column B, Lines 1 through 15.
Residents claiming taxes paid in other states: Subtract the amount in
Nonbusiness interest is not taxed by Illinois. Step 3,
Interest income -
Column B from the total amount in Column A, and include the result on
Column B, Line 10, should be “0.”
your Form IL-1040, Schedule CR, Step 2, Column B, Line 7.
Nonresidents: Include the amount from Step 4, Column B, Line 23, on
Other gains or losses -
your Form IL-1040, Schedule NR, Step 3, Column B, Line 6.
Nonresidents: Include the amount from Step 4, Line 30, Column B, on
your Form IL-1040, Schedule NR, Step 3, Column B, Line 12.
Residents claiming credit for taxes paid in other states: Subtract
the amount on Step 4, Column B, Line 23, from the amount on Step
Residents claiming taxes paid in other states: Subtract the amount
4, Column A, Line 23, and include the result on your Form IL-1040,
on Step 4, Column B, Line 30, from the amount on Step 4, Column A,
Schedule CR, Step 2, Column B, Line 2.
Line 30, and include the result on your Form IL-1040, Schedule CR,
Nonbusiness dividends are not taxed by Illinois.
Dividend income -
Step 2, Column B, Line 8.
Step 3, Column B, Line 11, should be “0.”
Other income -
The partnership or the S corporation is required to
Nonresidents: Include the amount from Step 4, Column B, Line 24, on
identify or send you a breakdown of the items reported on Step 3, Line
your Form IL-1040, Schedule NR, Step 3, Column B, Line 7.
19, and Step 4, Line 31. This identification or breakdown will determine
on what lines of your federal return you need to report the income in
Residents claiming credit for taxes paid in other states: Subtract
Column A.
the amount on Step 4, Column B, Line 24, from the amount on Step
4, Column A, Line 24, and include the result on your Form IL-1040,
Nonresidents: The amounts reported in Column B need to be reported
on the corresponding lines of your Form IL-1040, Schedule NR, Column
Schedule CR, Step 2, Column B, Line 3.
B.
Rents, royalties, partnerships, S corporations, estates, and
Write the amounts from Columns A and B, Steps 3 and 4, for
trusts -
Residents claiming taxes paid in other states: Subtract the amounts
each line item and add all the amounts for each Column.
in Column B, from the corresponding amounts in Column A, and include
the results on the appropriate lines of your Form IL-1040, Schedule CR,
Column A
Column B
Step 2, Column B.
Line 12
______________
______________
Line 13
______________
______________
Step 5 - Your share of Illinois additions and
Line 14
______________
______________
subtractions
Line 15
______________
______________
Line 20
______________
______________
Column A - Member’s share of additions —
Line 21
______________
______________
Lines 32 through 37 -
The amounts on these lines are reported
Line 22
______________
______________
in your Illinois base income by including them on your Form IL-1040,
Line 25
______________
______________
Schedule M, Other Additions and Subtractions for Individuals, Step 2,
Line 28
______________
______________
Line 2 (see Form IL-1040 instructions).
Line 29
______________
______________
Total
______________
______________
Nonresidents: Include this total amount from Column B on your Form
IL-1040, Schedule NR, Step 3, Column B, Line 15.
Page 2 of 8
Schedule K-1-P(2) (R-12/12)
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