Schedule F - Illinois Gains From Sales Or Exchanges Of Property Acquired Before August 1, 1969

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Illinois Department of Revenue
/
Schedule F
Tax year ending
Attach to your Form IL-1040
(Include copies of your U.S. 1040, Schedule D, and, if filed, U.S. Forms 4797, 6252, and 8949.)
Step 1: Provide the following information
Your name as shown on Form IL-1040
Your Social Security number
Step 2: August 1, 1969, Valuation Limitation Amounts for Capital (Non-depreciable) Assets
For installment sales, see instructions on the back of this schedule.
Column A
Column B
Column C
Column D
Column E
Column F
Column G
Column H
Description of property
Date acquired
Date sold
Federal gain
Aug. 1, 1969, value
Federal tax basis
Column E
Smaller of
(If other than a listed security,
(mo./yr.)
(mo./yr.)
in taxable year
(or applicable
on August 1, 1969
minus Column F (or
Column D
see instructions.)
fraction)
(see instructions)
fraction in E times D)
or Column G
1 a
_______ 00
__________
_______ 00
_______ 00
_______ 00
b
_______ 00
__________
_______ 00
_______ 00
_______ 00
c
_______ 00
__________
_______ 00
_______ 00
_______ 00
d
_______ 00
__________
_______ 00
_______ 00
_______ 00
e
_______ 00
__________
_______ 00
_______ 00
_______ 00
2 Enter your share of August 1, 1969, valuation limitation amounts from partnerships, S corporations, trusts, and estates. See instructions. 2 _______ 00
3 Enter the amount from your Form IL-4644, Line 18, if required.
3 _______ 00
4 Total - Add Lines 1 through 3. Enter the amount here and on Line 9 below.
4 _______ 00
Step 3: August 1, 1969, Valuation Limitation Amounts for Property Used in Trade or Business
For installment sales, see instructions on the back of this schedule.
Column A
Column B Column C Column D
Column D1 Column D2
Column E
Column F
Column G
Column H
Column I
Description
Date
Date
Federal gain
Section
Section
Aug. 1, 1969, Federal tax
Col. E minus
Smaller of
Smaller of
of property
acquired
sold
in taxable year 1245 & 1250
1231 gain
value (or
basis on
Col. F (or fraction Col. D1 or (Col. G minus
(mo./yr.)
(mo./yr.)
gain
applicable
Aug. 1, 1969
in E times D)
Col. G
H) or Col. D2
fraction)
5 a
_____ 00 _____ 00 _____ 00 ________ _____ 00 _____ 00
_____ 00 _____ 00
b
_____ 00 _____ 00 _____ 00 ________ _____ 00 _____ 00
_____ 00 _____ 00
c
_____ 00 _____ 00 _____ 00 ________ _____ 00 _____ 00
_____ 00 _____ 00
d
_____ 00 _____ 00 _____ 00 ________ _____ 00 _____ 00
_____ 00 _____ 00
e
_____ 00 _____ 00 _____ 00 ________ _____ 00 _____ 00
_____ 00 _____ 00
6 Enter your share of August 1, 1969, valuation limitation amounts from partnerships, S corporations, trusts, and estates.
6 _____ 00 _____ 00
7 Total - Add Column H, Lines 5 and 6. Enter the amount here and on Line 16 below.
7 _____ 00 _____ 00
8 Total - Add Column I, Lines 5 and 6. Enter the amount here and on Line 10 below. Only enter on Line 10 if
8 _______ 00
U.S. 1040, Schedule D, Line 11 shows a gain.
Step 4: August 1, 1969, Valuation Limitation Amount. This part must be completed.
9 Enter the amount from Line 4.
9 _______ 00
10 Enter the amount from Line 8.
10 _______ 00
11 Add Lines 9 and 10.
11 _______ 00
12 Enter net capital gain, if any, from U.S. Form 1040, Schedule D, Line 16. Otherwise, enter zero.
12 _______ 00
13 Enter the amount from Form IL-4644, Line 13, if required.
13 _______ 00
14 Subtract Line 13 from Line 12. If Line 13 is equal to or greater than Line 12, enter zero.
14 _______ 00
15 Enter the smaller of Line 11 or Line 14.
15 _______ 00
16 Enter the amount from Line 7.
16 _______ 00
17 August 1, 1969, valuation limitation amount - Add Lines 15 and 16. Enter the amount here and on Schedule M,
Other Additions and Subtractions for Individuals, Line 21.
17 _______ 00
*461401110*
Attach this schedule to your IL-1040.
IL-1040 Schedule F front (R-12/14)

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