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Schedule F - Attach To Your Form Il-1041 - Gains From Sales Or Exchanges Of Property Acquired Before August 1, 1969 Page 2

Installment Sales

If, on your U.S. Form 1041, Schedule D, or U.S. Form 4797, you reported gains from an installment sale of property acquired before

August 1, 1969, complete Schedule F for those sales by following the instructions below.

If, for federal tax purposes, you filed U.S. Form 6252 but were not required to file U.S. Form 4797, attach to your Schedule F:

(1) a statement that you were not required to file U.S. Form 4797 and (2) a copy of the U.S. Form 6252 as filed.

Installment sales on or after August 1, 1969

Installment sales before August 1, 1969

Complete Schedule F

Columns A through C –

Follow Schedule F Instructions.

Columns A through I –

Follow Schedule F Instructions.

Column D –

Write “INST” to indicate installment.

Column J –

Complete the worksheet below and write in this column

the amount from Column 5 of the worksheet below.

Columns E through J –

Leave blank.

The heading for Column J does not describe this entry.

Column K –

Write the amount of Section 1245 or 1250 gain from

this sale reported this year on your U.S. Form 4797 or 6252.

Column K through M –

Follow Schedule F Instructions.

Column L –

Write the amount of Section 1231 gain from this sale

reported this year on your U.S. Form 4797 or 6252.

Column M –

Write the amount of gain from this sale reported this

year on your U.S. Form 1041, Schedule D.

Column J Worksheet

Column 1 times Column 2 or,

Total gain

Column 3 minus Column 4.

if Column 2 blank, Schedule F,

reported in

If negative, write zero.

Total gain

Fraction

Column H minus Column I

prior years

Write this amount in Column J.

Instructions for Column J Worksheet

Column 4 -

For each installment sale after July 31, 1969, reported on

Write the total gain reported on federal income tax

Schedule F:

returns in prior years.

Column 5 -

Column 1

Subtract Column 4 from Column 3. If the result is

- Write the total federal gain realized on the sale. This is

negative, write zero. Write the amount here and on Schedule F,

your entire gain and not just the amount of gain reported this year.

Column J.

Column 2 -

Write the fraction, if any, written on Schedule F,

Column H.

Column 3 -

If you wrote a fraction in Column 2 of this worksheet,

multiply Column 1 by that fraction. If Column 2 is blank, subtract

Column I from Column H on Schedule F and write the amount in

Column 3.

This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this

information is REQUIRED. Failure to provide information could result in a penalty.

Page 2 of 4

Schedule F (IL-1041) (R-12/12)

Schedule F - Attach To Your Form Il-1041 - Gains From Sales Or Exchanges Of Property Acquired Before August 1, 1969 Page 2

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