Schedule Cr - Illinois Credit For Tax Paid To Other States - 2015 Page 3

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Step 4: Figure your Schedule CR decimal
A
B
50
50a
50b
Enter the amount from Schedule CR, Line 49, Column A and Column B.
00
00
51
Divide Column B, Line 50 by Column A, Line 50 (carry to three decimal places).
Enter the appropriate decimal. If Column B, Line 50 is greater than Column A, Line 50,
51
enter 1.000. Enter this amount on Step 5, Line 56.
Step 5: Figure your credit
52
52
Enter the total amount of income tax paid to other states on Illinois base income.
00
53
53
Trusts only: Enter your Illinois replacement tax due from Form IL-1041, Line 34.
00
54
54
Enter your Illinois income tax due from Form IL-1041, Line 42.
00
55
55
Add Line 53 and Line 54.
00
56
56
Enter the decimal amount from Line 51 here.
57
57
Multiply Line 55 by Line 56.
00
58
58
Compare the amounts on Lines 52 and 57. Enter the lesser amount here.
00
59
Compare the amounts on Lines 54 and 58. Enter the lesser amount here. This is your income tax credit for
59
income tax paid to another state. Enter this amount on Form IL-1041, Step 6, Line 45.
00
60
Trusts only: Subtract Line 59 from Line 58. If the amount is negative, enter “0.” This is your replacement tax
60
credit for income tax paid to another state. Enter this amount on Form IL-1041, Step 5, Line 37.
00
Attach this schedule and a copy of your U.S. Form 1041, Page 1, with a detailed breakdown of the amount on
U.S. Form 1041, Line 11, to your Form IL-1041. Keep your out-of-state tax returns with your records.
You must send us this information if we request it.
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*532103110*
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 3 of 3
IL-1041 Schedule CR (R-12/15)

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