Schedule K-1-T(2) Illinois Beneficiary'S Instructions (Page 6 of 8) in pdf

Total of nonbusiness amounts from

Step 5 - Your share of Illinois additions and

Column B, Lines 30 through 35.

______________

subtractions —

Total of nonbusiness amounts from

Column A - Member’s share of additions —

Column B, Lines 36b through 45.

______________

The amounts on these lines are reported in

Lines 30 through 35 -

Subtract Line B from Line A.

______________

your Illinois base income by including them on Step 4, Line 19, of

Include the total amount from Line C in the total amount reported on

your Form IL-1065 or IL-1120-ST.

your Schedule NB.

Column A - Member’s share of subtractions —

Enter the total of any business amounts

Business amounts -

The amounts on these

Lines 36a through 38 and 41 through 45 -

from Column B, Lines 30 through 35 and 36a through 45 (excluding

lines are reported in your Illinois base income by including the total of

Line 36b).

these lines on Step 5, Line 32 of your Form IL-1065 or Form IL-1120-ST.

Total of business amounts from

Include the amount from Line 39 on your Schedule 1299-A,

Column B, Lines 30 through 35.

______________

Line 39 -

Step 1, Line 2.

Total of business amounts from Column B,

Lines 36a through 45 (excluding Line 36b). ______________

Include the amount from Line 40 on your Schedule 1299-A,

Line 40 -

Step 1, Line 5.

Subtract Line B from Line A.

______________

Include the total amount from Line C in the total amount reported on

In addition, report the business and nonbusiness amounts in Column A,

Step 6, Line 45, of your Form IL-1065 or Form IL-1120-ST.

Lines 30 through 45 as indicated in the following instructions.

Step 6 - Your share of the Illinois August 1, 1969,

Column A - Member’s share of business and

appreciation amounts —

nonbusiness amounts —

Lines 30 through 45 -

Column A - Member’s share —

Enter the total of any nonbusiness

Include the amount on your Schedule F, Column K, Line 2.

Nonbusiness amounts -

Line 46 -

amounts from Column A, Lines 30 through 35 and 36b through 45 (do

Include the amount on your Schedule F, Column L, Line 2.

Line 47 -

not include amounts from Line 36a).

Include the amount on your Schedule F, Column M, Line 2.

Line 48 -

Total of nonbusiness amounts from

Column B - Illinois share —

Column A, Lines 30 through 35.

______________

Use the information in Column B when completing Step 6 of the

Total of nonbusiness amounts from

Schedule K-1-P for your partners or shareholders.

Column A, Lines 36b through 45.

______________

Step 7 - Your share of pass-through withholding

Subtract Line B from Line A.

______________

payments and federal income subject to

Include the total amount from Line C in the total amount reported on

surcharge —

your Schedule NB.

Enter the

Line 49 - Pass-through withholding payments —

Enter the total of any business amounts

Business amounts -

amount from Line 49 on Step 9, Line 61c, of your Form IL-1065 or

from Column A, Lines 30 through 35 and 36a through 45 (excluding

Step 9, Line 60c, of your Form IL-1120-ST.

Line 36b).

Pass-through withholding payments made on your behalf

Total of business amounts from

and reported to you on Schedule K-1-T, Line 49, are based on items of

Column A, Lines 30 through 35.

______________

business income and certain items of nonbusiness income only. If you

Total of business amounts from Column A,

had Illinois income from other sources, and the payments made on

Lines 36a through 45 (excluding Line 36b). ______________

your behalf do not cover your liability, you must file a return to report

Subtract Line B from Line A.

______________

the tax on all of your Illinois income and claim a credit for pass-through

Include the total amount from Line C in the total amount reported on

withholding payments made on your behalf.

Step 6, Line 37, of your Form IL-1065 or Form IL-1120-ST.

See the Step-by-Step Instructions for Line 50 at the end of

Line 50 -

Column B - Illinois Share —

these instructions.

Lines 30 through 45 -

Enter the total of any nonbusiness

Nonbusiness amounts -

amounts from Column B, Lines 30 through 35 and 36b through 45 (do

not include amounts from Line 36a).

Step-by-Step Instructions

for corporations filing Form IL-1120

Steps 3 and 4 - Your share of nonbusiness and

Column B - Illinois share —

business income or loss —

Step 3 represents your share of the trust’s or estate’s nonbusiness

income allocated to Illinois. Step 4 represents your share of the trust’s or

Column A - Beneficiary’s share —

estate’s business income apportioned to Illinois. The following information

The amounts reported on Lines 9 through 29

Lines 9 through 29 -

allows you to determine the amount to include on specific lines of your

must match your federal Schedule K-1.

Form IL-1120.

Schedule K-1-T(2) (R-12/15)

Page 6 of 8

Schedule K-1-T(2) Illinois Beneficiary'S Instructions Page 6

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