Schedule 1299-D - Attach To Your Form Il-1120, Il-1041, Il-990-T - Income Tax Credits - 2012 Page 6

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Step 2: Figure your credit (See instructions before completing this Step.)
All line reference in this Step refer to Step 2 of this Schedule 1299-D, unless otherwise noted.
1
1
Write your total tax (see instructions).
2
2
Write the amount of foreign tax credit from Form IL-1041, Schedule CR, Line 56 (Form IL-1041 filers only).
3
3
Subtract Line 2 from Line 1. If the amount is zero or negative, write zero.
4
4
Write the amount from 2011 Schedule 1299-D, Step 3, Line 1.
5
5
Subtract Line 4 from Line 3. This amount may be negative.
6
6
Write the amount from 2011 Schedule 1299-D, Step 3, Line 2.
7
If Line 5 is negative, write the amount from Line 6 as a negative number.
7
Otherwise, subtract Line 6 from Line 5.
8
8
Write the amount from 2011 Schedule 1299-D, Step 3, Line 3.
9
If Line 7 is negative, write the amount from Line 8 as a negative number.
9
Otherwise, subtract Line 8 from Line 7.
10
10
Write the amount from 2011 Schedule 1299-D, Step 3, Line 4.
11
If Line 9 is negative, write the amount from Line 10 as a negative number.
11
Otherwise, subtract Line 10 from Line 9.
12
12
Write the amount from Step 1, Section A, Line 3, of this Schedule 1299-D.
13
If Line 11 is negative, write the amount from Line 12 as a negative number.
13
Otherwise, subtract Line 12 from Line 11.
14
14
Write the amount from 2011 Schedule 1299-D, Step 3, Line 5.
15
If Line 13 is negative, write the amount from Line 14 as a negative number.
15
Otherwise, subtract Line 14 from Line 13.
16
16
Write the amount from 2011 Schedule 1299-D, Step 3, Line 6.
17
If Line 15 is negative, write the amount from Line 16 as a negative number.
17
Otherwise, subtract Line 16 from Line 15.
18
18
Write the amount from 2011 Schedule 1299-D, Step 3, Line 7.
19
If Line 17 is negative, write the amount from Line 18 as a negative number.
19
Otherwise, subtract Line 18 from Line 17.
20
20
Write the amount from Step 1, Section B, Line 72, of this Schedule 1299-D.
21
If Line 19 is negative, write the amount from Line 20 as a negative number.
21
Otherwise, subtract Line 20 from Line 19.
22
22
Write the amount from 2011 Schedule 1299-D, Step 3, Line 8.
23
If Line 21 is negative, write the amount from Line 22 as a negative number.
23
Otherwise, subtract Line 22 from Line 21.
24
24
Write the amount from Step 1, Section B, Line 75, of this Schedule 1299-D.
25
If Line 23 is negative, write the amount from Line 24 as a negative number.
25
Otherwise, subtract Line 24 from Line 23.
26
Figure the amount of credit to use this year.
If the lesser number is negative, write zero.
a
a
Write the lesser of Step 2, Line 3 or Line 4.
_______________
b
b
Write the lesser of Step 2, Line 5 or Line 6.
_______________
c
c
Write the lesser of Step 2, Line 7 or Line 8.
_______________
d
Write the lesser of Step 2, Line 9 or Line 10.
d _______________
e
e
Write the lesser of Step 2, Line 11 or Line 12.
_______________
f
f
Write the lesser of Step 2, Line 13 or Line 14.
_______________
g
g
Write the lesser of Step 2, Line 15 or Line 16.
_______________
h Write the lesser of Step 2, Line 17 or Line 18.
h _______________
i
i
Write the lesser of Step 2, Line 19 or Line 20.
_______________
j
j
Write the lesser of Step 2, Line 21 or Line 22.
_______________
k
k
Write the lesser of Step 2, Line 23 or Line 24.
_______________
27
Add Lines 26a through 26k. Write the result here and on your
27
Form IL-1120, Line 48, IL-1041, Line 44, or IL-990-T, Line 22.
Page 6 of 7
Schedule 1299-D (R-12/12)

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