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

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Illinois Department of Revenue
Year ending
Gains from Sales or Exchanges
Schedule F
of Property Acquired
Month
Year
Before August 1, 1969
Attach to your Form IL-1120-ST
IL Attachment No. 16
Enter your name as shown on your Form IL-1120-ST.
Enter your federal employer identification number (FEIN).
You should file this schedule only if you reported gains from the disposition of property acquired before August 1, 1969, as shown on
U.S. Form 1120S, Schedule D (or U.S. Form 8949, if applicable), and U.S. Form 4797 or U.S. Form 6252. See instructions.
You must attach a copy of U.S. Form 1120S, Schedule D, and U.S. Form 4797, 6252, or 8949, if filed.
A
B
C
D
E
F
G
Section 1245
Section
Date acquired
Date sold
Federal gain
or 1250 gain
1231 gain
Description of property
(month/year)
(month/year)
this year
(see instructions)
(see instructions)
Capital gain
1 a
b
c
d
H
I
J
K
L
M
Subtract Col. I from Col. H
Section 1231, 1245
Section 1231, 1245
August 1, 1969 value
Federal tax
or fraction in
and 1250 Gain
and 1250 Gain
Capital Gain
or applicable fraction
basis on
Col. H times Col. D
Enter smaller of
Subtract Col. K from Col. J
Enter smaller of
(see instructions)
August 1, 1969
(see instructions)
Col. E or Col. J
but not more than Col. F
Col. G or Col. J
a
b
c
d
2
Enter your share of pre-August 1, 1969, appreciation amounts from
2
partnerships, trusts and estates.
3
3
Enter the total of Column K here and on Schedule K-1-P, Step 6, Line 48, Col A.
4
4
Enter the total of Column L here and on Schedule K-1-P, Step 6, Line 49, Column A.
5
5
Enter the amount from Line 4 attributable to involuntary conversions by casualty and theft.
6
6
Subtract Line 5 from Line 4. Enter the result here and on Schedule K-1-P , Step 6, Line 50, Column A.
7
7
Enter the total of Column M here and on Schedule K-1-P, Step 6, Line 51, Column A.
Installment Sales
If, on your U.S. Form 1120S, Schedule D, U.S. Form 8949, or U.S. Form 4797, you reported gains from an installment sale of property acquired before
August 1, 1969, complete the Column J Worksheet. If, for federal tax purposes, you filed U.S. Form 6252 but were not required to file U.S Form 4797,
attach to your Schedule F: (1) a statement that you were not required to file U.S. Form 4797 and (2) a copy of the U.S. Form 6252 as filed.
Installment sales before August 1, 1969
Installment sales on or after August 1, 1969
Complete Schedule F
Complete Schedule F
Columns A through C
Follow Schedule F Instructions.
Columns A through I
Follow Schedule F Instructions.
Column D
Enter “INST” to indicate installment.
Column J
Complete the worksheet on the next page and enter in
Columns E through J
this column the amount from Column 5 of the worksheet.
Leave blank.
Column K
Enter the amount of Section 1245 or 1250 gain from
The heading for Column J does not describe this entry.
this sale reported this year on your U.S. Form 4797 or 6252.
Column K through M
Follow Schedule F Instructions.
Column L
Enter the amount of Section 1231 gain from this sale
reported this year on your U.S. Form 4797 or 6252.
Column M
Enter the total amount of gain from this sale reported
this year on U.S. Form 1120S, Schedule D, or U.S. Form 8949.
*432801110*
Schedule F front (IL-1120-ST) (R-12/14)

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