Partner'S And Shareholder'S Instructions For Schedule K-1-P(2)/instructions For Individuals Filing Form Il-1040 Page 3
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8Nonresidents: Include this total amount from Column B on your Form
Column A - Member’s share of subtractions —
IL-1040, Schedule NR, Step 4, Column B, Line 44.
Add Step 5, Column A,
Line 38a
______________
Residents claiming credit for taxes paid to other states: Subtract the
Line 38b
______________
total amount in Column B from the total amount in Column A, and write
Line 41
______________
the result on your Form IL-1040, Schedule CR, Step 3, Column B, Line
Line 43
______________
39.
Line 44
______________
Line 45
______________
Step 6 - Your share of the Illinois August 1, 1969,
Line 46
______________
appreciation amounts —
Line 47
______________
Total
______________
Column A - Member’s share —
Write the total on Form IL-1040, Schedule M, Other Additions and
Include this amount on your Form IL-1040, Schedule F, Step
Subtractions for Individuals, Step 3, Line 13 (see Form IL-1040
Line 48 -
3, Column H, Line 6.
Instructions).
Include the amount from Line 39a on your Form IL-1040,
Line 39a -
If Line 50 is blank, include the amount on Line 49
Lines 49 and 50 -
on your Schedule F, Step 3, Column I, Line 6. Otherwise, skip Line 49
Schedule 1299-C, Income Tax Subtractions and Credits for Individuals,
.
and include the amount on Line 50 on your Form IL-1040, Schedule F,
Step 2, Line 2
Step 3, Column I, Line 6.
Include the amount from Line 39b on your Form IL-1040,
Line 39b -
Schedule 1299-C, Step 2, Line 5.
Include this amount on your Form IL-1040, Schedule F, Step
Line 51 -
Include the amount from Line 40 on your Form IL-1040,
Lines 40 -
2, Line 2.
Schedule 1299-C, Step 2, Line 8.
Column B - Illinois share —
Column B - Illinois share —
If the partnership that completed the Schedule K-1-P wrote “investment
If the partnership that completed the Schedule K-1-P wrote “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?”
Add Lines 32 through 37, Columns A and B.
Lines 32 through 37 -
Column A
Column B
Line 48
______________
______________
Column A
Column B
Line 49
______________
______________
Line 32
______________
______________
Line 50
______________
______________
Line 33
______________
______________
Line 34
______________
______________
Line 51
______________
______________
Line 35
______________
______________
Total
______________
______________
Line 36
______________
______________
Lines 48 through 51 -
Write the amounts from Columns A and B.
Line 37
______________
______________
If Line 50 is blank, add Columns A and B Lines 48, 49, and 51.
Total
______________
______________
Otherwise, add Lines 48, 50, and 51.
Nonresidents: Include this total amount from Column B on your Form
Nonresidents: Include the total amount from Column B as a subtraction
IL-1040, Schedule NR, Step 4, Column B, Line 40.
on your Form IL-1040, Schedule NR, Step 4, Column B, Line 44.
Residents claiming credit for taxes paid in other states: Subtract the
Residents claiming taxes paid in other states: Subtract the total
total amount in Column B from the total amount in Column A, and write
the result on your Form IL-1040, Schedule CR, Step 3, Column B, Line
amount in Column B, from the total amount in Column A and include the
result on your Form IL-1040, Schedule CR, Step 3, Column B, Line 39.
35.
Add Lines 38a through 47, Columns A and B.
Lines 38a through 47 -
Step 7 - Your share of Illinois credits and
Column A
Column B
recapture —
If the partnership or S corporation has passed
Line 38a
______________
______________
through to you any credit or recapture amounts on Lines 52 or 53, see
Line 38b
______________
______________
the credit information provided on Page 8 of this instruction booklet for
Line 39a
______________
______________
more information.
Line 39b
______________
______________
Line 40
______________
______________
Line 41
______________
______________
Line 42
______________
______________
Line 43
______________
______________
Line 44
______________
______________
Line 45
______________
______________
Line 46
______________
______________
Line 47
______________
______________
Total
______________
______________
Page 3 of 8
Schedule K-1-P(2) (R-12/12)
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