Form Il-1041-X - Amended Fiduciary Income And Replacement Tax Return - 2015 Page 2
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1
2
3
4
5Step 4: Figure your base income or loss
A
B
As most recently
Corrected
reported or adjusted
amount
Beneficiaries
Fiduciary
Beneficiaries
Fiduciary
12
12
12
00
00
Enter the amounts from Line 11.
13
August 1, 1969, valuation limitation
13a
13b
13a
13b
amount. Attach Schedule F.
00
00
00
00
14
Payments from certain retirement
14a
14b
14a
14b
00
00
00
00
plans.
15
Interest income from U.S. Treasury
15a
15b
15a
15b
00
00
00
00
and other exempt federal obligations.
16
Retirement payments to retired
16a
16b
16a
16b
partners.
00
00
00
00
17
River Edge Redevelopment
Zone Dividend subtraction.
17a
17b
17a
17b
Attach Schedule 1299-B.
00
00
00
00
18
High Impact Business Dividend
18a
18b
18a
18b
subtraction. Attach Schedule 1299-B.
00
00
00
00
19
Contributions to certain job training
19a
19b
19a
19b
projects. See instructions.
00
00
00
00
20
Illinois Special Depreciation
20a
20b
20a
20b
subtraction. Attach Form IL-4562.
00
00
00
00
21
Related-party expenses
21a
21b
21a
21b
subtraction. Attach Schedule 80/20.
00
00
00
00
22
Distributive share of subtractions.
22a
22b
22a
22b
Attach Schedule(s) K-1-P or K-1-T.
00
00
00
00
23
23a
23b
23a
23b
00
00
00
00
ESBT loss amount.
24
24a
24b
24a
24b
Other subtractions. Attach Schedule M.
00
00
00
00
25
Total subtractions.
Add Lines 13b through 24b.
25
25
00
00
See instructions.
26
Base income or loss.
26
26
Subtract Line 25 from Line 12.
00
00
If you are a nonresident of Illinois, complete Schedule NR; otherwise continue to Step 5.
Step 5: Figure your net income
27
Base income or net loss from Line 26 or,
27
27
if you are a nonresident, from Schedule NR, Line 51.
00
00
28
28
28
Discharge of indebtedness adjustment. Attach U.S. Form 982.
00
00
29
29
29
00
00
Adjusted base income or net loss. Add Lines 27 and 28.
30
Illinois net loss deduction. Attach Schedule NLD.
30
30
If Line 29 is zero or a negative amount, enter “0.”
00
00
31
Standard exemption.
Residents only: Enter $1,000.
31
31
Nonresidents only: Enter the amount from Sch. NR, Line 54.
00
00
32
32
32
Add Lines 30 and 31.
00
00
33
Net income. Subtract Line 32 from Line 29.
33
33
If the amount is negative, enter “0.”
00
00
Step 6: Figure your net replacement tax — For trusts only, estates go to Step 7.
34
34
34
00
00
Replacement tax. Multiply Line 33 by 1.5% (.015).
35
35
35
Recapture of investment credits. Attach Schedule 4255.
00
00
36
36
36
Replacement tax before credits. Add Lines 34 and 35
00
00
.
37
Replacement tax credit for income tax paid to another state
37
37
while an Illinois resident. Attach Schedule CR.
00
00
38
38
38
Investment credits. Attach Form IL-477.
00
00
39
39
39
Total credits. Add Lines 37 and 38.
00
00
40
Net replacement tax. Subtract Line 39 from Line 36.
40
40
If negative, enter “0.”
00
00
Page 2 of 5
IL-1041-X (R-12/15)
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