Schedule F (Form Il-1065) - Illinois Gains From Sales Or Exchanges Of Property Acquired Before August 1, 1969

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Illinois Department of Revenue
Year ending
Gains from Sales or Exchanges
Schedule F
of Property Acquired
Before August 1, 1969
Month
Year
Attach to your Form IL-1065
IL Attachment No. 16
Enter your name as shown on your Form IL-1065.
Enter your federal employer identification number (FEIN).
You should file this schedule only if you reported gains from the disposition of property acquired before August 1, 1969, as shown
on U.S. Form 1065, Schedule D (or U.S. Form 8949, if applicable), and U.S. Form 4797 or U.S. Form 6252. See instructions.
You must attach a copy of U.S. Form 1065, Schedule D, and U.S. Form 4797, 6252, or 8949, if filed.
A
B
C
D
E
F
G
Section 1245
Section
Date acquired
Date sold
Federal gain
or 1250 gain
1231 gain
Description of property
(month/year)
(month/year)
this year
(see instructions)
(see instructions)
Capital gain
1 a
b
c
d
e
H
I
J
K
L
M
Subtract Col. I from Col. H
Section 1231, 1245
Section 1231, 1245
August 1, 1969 value
Federal tax
or fraction in
and 1250 Gain
and 1250 Gain
Capital Gain
or applicable fraction
basis on
Col. H times Col. D
Enter smaller of
Subtract Col. K from Col. J
Enter smaller of
(see instructions)
August 1, 1969
(see instructions)
Col. E or Col. J
but not more than Col. F
Col. G or Col. J
a
b
c
d
e
2
Enter your share of pre-August 1, 1969, appreciation amounts from other
2
partnerships, estates and trusts.
3
3
Enter the total of Column K here and on Line 13 below.
4
4
Enter the total of Column L here and on Line 9 below.
5
5
Amount on Line 4 attributable to involuntary conversions by casualty and theft.
6
6
Subtract Line 5 from Line 4.
7
7
Enter the total of Column M here and on Line 8 below.
If you distribute amounts on Lines 3, 4, 6, or 7 to your partners, see the Specific Instructions for those line items.
Valuation Limitation Amount
8
8
Enter the amount from Line 7.
9
9
Enter the amount from Line 4
10
10
Total revalued capital gain. Add Lines 8 and 9.
11
11
Net capital gain. See instructions.
12
12
Enter the smaller of Line 10 or Line 11.
13
13
Revalued ordinary gain. Enter the amount from Line 3.
14
August 1, 1969, valuation limitation amount. Add Lines 12 and 13. Enter the result here and on
14
Form IL-1065, Line 25.
Installment sales are reported on Page 2.
*432601110*
Schedule F front (IL-1065) (R-12/14)

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