Schedule Inl - Illinois Net Loss Adjustments For Cooperatives And Remic Owners Page 2
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1
2Step 4: Figure your Illinois income or loss (REMIC residual interest owners only.)
1
1
Enter your base income or net loss from Form IL-1120, Line 35.
____________ 00
2
2
Enter your recomputed federal taxable income. See instructions.
____________ 00
3
3
Total addition modifications. (Form IL-1120, Lines 2 through 8.)
____________ 00
4
4
Total subtraction modifications entered as a negative number. (Form IL-1120, Line 22.)
____________ 00
5
5
Base income. Add Lines 2 through 4.
____________ 00
6
6
Nonbusiness income or loss. (Form IL-1120, Line 24.)
____________ 00
7
Business income or loss from non-unitary partnerships, partnerships included on a
7
Schedule UB, S corporations, trusts, or estates. (Form IL-1120, Line 25.)
____________ 00
8
8
Add Lines 6 and 7.
____________ 00
9
9
Business income or loss. Subtract Line 8 from Line 5.
____________ 00
10
10
___ ___________
Apportionment factor from Form IL-1120, Line 30
11
11
Business income or loss apportioned to Illinois. Multiply Line 9 by Line 10.
____________ 00
12
12
Nonbusiness income or loss allocated to Illinois from Form IL-1120, Line 32.
____________ 00
13
Business income or loss apportionable to Illinois from non-unitary partnerships,
partnerships included on a Schedule UB, S corporations, trusts, or estates from
13
Form IL-1120, Line 33.
____________ 00
14
14
Recomputed base income or net loss allocable to Illinois. Add Lines 11 through 13.
____________ 00
15
Subtract Line 1 from Line 14. See instructions.
15
If the result is positive or zero, stop here. Do not complete the rest of this form.
____________ 00
16
16
Enter any discharge of indebtedness amount from Form IL-1120, Line 36.
____________ 00
17
If Line 1 is
negative or zero, add Lines 1 and 16, and enter the total here.
17
positive, enter zero here.
____________ 00
18
Add Lines 15 and 17. If the result is negative, this is the amount you may use
18
as an NLD carryforward in subsequent tax years.
____________ 00
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