Form Il-1041- Fiduciary Income And Replacement Tax Return - 2008 Page 2
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1
2
312
12
Write the amount of your income or loss from Line 11.
______________ 00
Step 3: Figure your Illinois base income or net loss
A
B
Benefi ciaries
Fiduciary
13
13a
13b
August 1, 1969, valuation limitation amount. Attach Schedule F.
______________ 00
______________ 00
14
14a
14b
Federally-taxed refund of Illinois income and replacement tax.
______________ 00
______________ 00
15
15a
15b
Payments from certain retirement plans (see instructions).
______________ 00
______________ 00
16
16a
16b
Interest income from U.S. Treasury and other exempt federal obligations.
______________ 00
______________ 00
17
17a
17b
Retirement payments to retired partners.
______________ 00
______________ 00
18
Enterprise Zone or River Edge Redevelopment Zone Dividend
18a
18b
subtraction. Attach Schedule 1299-B.
______________ 00
______________ 00
19
19a
19b
High Impact Business Dividend subtraction. Attach Schedule 1299-B.
______________ 00
______________ 00
20
20a
20b
Contributions to certain job training projects (see instructions).
______________ 00
______________ 00
21
21a
21b
Illinois Special Depreciation subtraction. Attach Form IL-4562.
______________ 00
______________ 00
22
22a
22b
Related-party expenses subtraction. Attach Schedule 80/20.
______________ 00
______________ 00
23
23a
23b
Distributive share of subtractions. Attach Schedule K-1-P or K-1-T.
______________ 00
______________ 00
24
24a
24b
Other subtractions. Attach Illinois Schedule M (for businesses).
______________ 00
______________ 00
25
25
Total subtractions. Add Column B, Lines 13b through 24b.
______________ 00
Report Column A, Lines 13a through 24a, on Schedule K-1-T, Step 5.
26
26
Base income or net loss. Subtract Line 25 from Line 12.
______________ 00
If you are a nonresident of Illinois, complete Schedule NR; otherwise go to Step 4.
Step 4: Figure your net income
27
27
Base income or net loss from Line 26, or, if a nonresident, from Schedule NR, Line 51.
______________ 00
28
Illinois net loss deduction. Attach Schedule NLD.
28
If Line 27 is zero or a negative amount, write “0”.
______________ 00
29
Standard exemption.
Residents only: Write $1,000.
29
Nonresidents only: Write the amount from Schedule NR, Line 54.
______________ 00
30
30
Add Lines 28 and 29.
______________ 00
31
Net Income. Subtract Line 30 from Line 27.
31
If the amount is negative, write “0”.
______________ 00
Step 5: Figure your net replacement tax —
For trusts only, estates go to Step 6
32
32
Replacement tax. Multiply Line 31 by 1.5% (.015).
______________ 00
33
33
Recapture of investment credits. Attach Schedule 4255.
______________ 00
34
34
Replacement tax before investment credits. Add Lines 32 and 33.
______________ 00
35
35
Investment credits. Attach Form IL-477. (Fiscal-year fi lers only. See instructions)
______________ 00
36
36
Net replacement tax. Subtract Line 35 from Line 34. If the amount is negative, write “0.”
______________ 00
*863602110*
Page 2 of 4
IL-1041 (R-12/08)
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