Schedule K-1-T(2) Illinois Beneficiary'S Instructions (Page 7 of 8) in pdf

Include the amounts in Step 3, Column B in the total amount you report on

Total of business amounts from

your Schedule NB.

Column A, Lines 30 through 35.

______________

You may include any capital loss amounts on your Schedule NB

Total of business amounts from Column A,

only to the extent those loss amounts were included in your federal

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

taxable income.

Subtract Line B from Line A.

______________

Include the amounts in Step 4, Column B in the total amount you report on

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

your Form IL-1120, Step 4, Line 33.

Step 4, Line 25, of your Form IL-1120.

You may include any capital loss amounts on your Form IL-1120,

Column B - Illinois share —

Step 4, Line 33, only to the extent those loss amounts were included in

your federal taxable income.

Lines 30 through 45

Enter the total of any nonbusiness

Nonbusiness amounts -

Step 5 - Your share of Illinois additions and

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

subtractions —

not include amounts from Line 36a).

Column A - Member’s share of additions —

Total of nonbusiness amounts from

The amounts on these lines are reported in

Lines 30 through 35 -

Column B, Lines 30 through 35.

______________

your Illinois base income by including them on your Form IL-1120,

Total of nonbusiness amounts from

Step 2, Line 7.

Column B, Lines 36b through 45.

______________

The amounts on

Lines 36a through 38 and 41 through 45 -

Subtract Line B from Line A.

______________

these lines are reported in your Illinois base income by including the

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

total of these lines on your Form IL-1120, Step 3, Line 20.

your Schedule NB.

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

Line 39 -

Enter the total of any business amounts

Step 2, Line 10.

Business amounts -

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

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

Line 40 -

Line 36b).

Step 2, Line 13.

Total of business amounts from

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

Column B, Lines 30 through 35.

______________

Lines 30 through 45 as indicated in the following instructions.

Total of business amounts from Column B,

Column A - Member’s share of business and

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

nonbusiness amounts —

Subtract Line B from Line A.

______________

Lines 30 through 45 -

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

Enter the total of any nonbusiness

Nonbusiness amounts -

Step 4, Line 33, of your Form IL-1120.

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

Step 7 - Your share of pass-through withholding

not include amounts from Line 36a).

payments and federal income subject to

Total of nonbusiness amounts from

surcharge —

Column A, Lines 30 through 35.

______________

Enter the

Line 49 - Pass-through withholding payments —

Total of nonbusiness amounts from

amount from Line 49 on your Form IL-1120, Step 8, Line 56d.

Column A, Lines 36b through 45.

______________

Pass-through withholding payments made on your behalf

Subtract Line B from Line A.

______________

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

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

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

your Schedule NB.

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

Enter the total of any business amounts

Business amounts -

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

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

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

Line 36b).

withholding payments made on your behalf.

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

Line 50 -

these instructions.

Step-by-Step Instructions

for exempt organizations filing Form IL-990-T

Include the amounts in Step 4, Column A in the

Step 4 - Your share of business income or loss —

Lines 19 through 29 -

total amount you report on your Form IL-990-T, Step 3, Line 4.

See General Information.

Column A - Member’s share —

You may include any capital loss amounts on your

Step 4 represents your share of the

Column B - Illinois share —

Form IL-990-T, Step 3, Line 4, only to the extent those loss amounts were

trust’s or estate’s business income apportioned to Illinois. The following

included in your unrelated business taxable income.

instructions explain what lines to add together and on what line of your

Include the amounts in Step 4, Column B in the total amount you report on

form or schedule these totals are to be included.

your Form IL-990-T, Step 3, Line 10.

Page 7 of 8

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

Schedule K-1-T(2) Illinois Beneficiary'S Instructions Page 7

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