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• Other Properties: Fair Market Value Not Readily

Column K -

Write your share of any pre-August 1, 1969,

Ascertainable - (The Number-of-Months Method) If

the fair

appreciation amounts for Sections 1245 and 1250 gain, or capital

market value of the property was not readily ascertainable on

assets, from Schedule K-1-P, Step 6, Line 48, Column A, and

August 1, 1969, write a fraction (also called “applicable fraction”)

Schedule K-1-T, Step 6, Line 47, Column A.

whose numerator is the number of full calendar months you held

Column L -

Write your share of any pre-August 1, 1969,

the property before August 1, 1969, and whose denominator is

appreciation amounts (including involuntary conversions by casualty

the total number of full calendar months you held the property. Do

or theft) for Section 1231 gain from Schedule K-1-P, Step 6,

not include in the numerator or denominator the month that you

Line 49, Column A, and Schedule K-1-T, Step 6, Line 48, Column A.

acquired or disposed of the property. If the property was acquired

Column M -

Write your share of capital gain appreciation amounts

in July, 1969, write zero in Columns H and J.

from Schedule K-1-P, Step 6, Line 51, Column A, and Schedule

Column I -

If you wrote the fair market value of the property in

K-1-T, Step 6, Line 49, Column A.

Column H, write in Column I the federal income tax basis of the

Line 3

Column K -

Write the total of Column K. This is the total

property (for determining gain) as of August 1, 1969. Federal income

pre-August 1, 1969, appreciation amount for Sections 1245 and

tax basis is the amount you would have written as “cost or other

1250 gain. Write each shareholder’s share on each Schedule K-1-P,

basis” on U.S. Form 1120S, Schedule D, or U.S. Form 6252 if you

Step 6, Line 48, Column A.

had sold the property on August 1, 1969. If you wrote a fraction in

Line 4

Column H, leave Column I blank.

Column L -

Write the total of Column L. This is

the total pre-August 1, 1969, appreciation amount for Section

Column J -

If you wrote the fair market value or an appraisal value

1231 gain (including involuntary conversions by casualty or

of the property in Column H, subtract Column I from Column H and

theft). Write each shareholder’s share on each Schedule K-1-P,

write the difference. However, if Column I is equal to or greater than

Step 6, Line 49, Column A.

Column H, write zero. If you wrote a fraction in Column H, multiply

Line 5

Column L -

Column D by the fraction and write the result.

Write the amount of pre-August 1, 1969,

appreciation amounts from involuntary conversions by casualty or

Column K -

Write the smaller of Column E or Column J. If you show

theft that were included in the amounts shown on Lines 1 and 2.

no amount in Column E, write zero in Column K.

Line 6

Column L -

Subtract Line 5 from Line 4. This is the

Column L -

Write the smaller of Column F or the result of

total pre-August 1, 1969, appreciation amount for Section 1231 gain

subtracting Column K from Column J. If Column F is blank, write zero

excluding amounts attributable to involuntary conversion by casualty

in Column L.

or theft. Write each shareholder’s share on each Schedule K-1-P,

Column M -

Write the smaller of Column G or Column J. If

Step 6, Line 50, Column A.

Column G is blank, write zero in Column M.

Line 7

Column M -

This is the total pre-August 1, 1969,

Line 2

Refer to all Schedules K-1-P, Partner’s or Shareholder’s

appreciation amount for capital gain. Write each shareholder’s share on

Share of Income, Deductions, Credits, and Recapture, you

each Schedule K-1-P, Step 6, Line 51, Column A.

received from partnerships or S corporations, and all Schedules

K-1-T, Beneficiary’s Share of Income and Deductions, you

received from trusts or estates for the amounts to write on

Line 2, Columns K, L, and M.

Page 4 of 4

Schedule F (IL-1120-ST) (R-12/12)

Schedule F - Attach To Your Form Il-1120-St - Gains From Sales Or Exchanges Of Property Acquired Before August 1, 1969 Page 4

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