Schedule K-1-T(2) - Beneficiary'S Instructions Page 2
ADVERTISEMENT
1
2
3
4
5
6Rents, royalties, partnerships, S corporations, trusts, and
Column A - Member’s share of subtractions —
Write the amounts from Columns A and B, Steps 3 and 4, for
estates -
Add Step 5, Column A,
each line item and add all the amounts for each Column.
Line 36a
______________
Column A
Column B
Line 36b
______________
Line 11
______________
______________
Line 37
______________
Line 12
______________
______________
Line 38
______________
Line 13
______________
______________
Line 41
______________
Line 14
______________
______________
Line 42
______________
Line 25
______________
______________
Line 43
______________
Line 28
______________
______________
Line 44
______________
______________
______________
Total
Line 45
______________
Nonresidents: Include this total amount from Column B on your Form
Line 46
______________
IL-1040, Schedule NR, Step 3, Column B, Line 15.
______________
Total
Residents claiming taxes paid in other states: Subtract the amount in
Write the total on Form IL-1040, Schedule M, Other Additions and
Column B from the total amount in Column A, and include the result on
Subtractions for Individuals, Line 13 (see Form IL-1040 Instructions).
your Form IL-1040, Schedule CR, Step 2, Column B, Line 11.
Include the amount from Line 39a on your Form IL-1040,
Lines 39a -
Capital gain or loss -
Write the amounts from Columns A and B,
Schedule 1299-C, Income Tax Subtractions and Credits for Individuals,
Steps 3 and 4, for each line item and add all the amounts for each column.
Step 2, Line 2.
Column A
Column B
Include the amount from Line 39b on your Form IL-1040,
Lines 39b -
Line 15
______________
______________
Schedule 1299-C, Step 2, Line 5.
Line 16
______________
______________
Include the amount from Line 40 on your Form IL-1040,
Lines 40 -
Line 17
______________
______________
Schedule 1299-C, Step 2, Line 8.
Line 21
______________
______________
Column B - Illinois share —
Line 22
______________
______________
______________
______________
Column A
Column B
Total
Line 30
______________
______________
Nonresidents: Include this total amount from Column B on your Form
Line 31
______________
______________
IL-1040, Schedule NR, Step 3, Column B, Line 11.
Line 32
______________
______________
Residents claiming taxes paid in other states: Subtract the total
Line 33
______________
______________
amount in Column B, from the total amount in Column A, and include the
Line 34
______________
______________
result on your Form IL-1040, Schedule CR, Step 2, Column B, Line 7.
Line 35
______________
______________
Other income -
The trust or estate is required to identify or send you
______________
______________
Total
a breakdown of the items reported on Step 3, Line 18, and Step 4, Line
Nonresidents: Include this total amount from Column B on your Form IL-
29. This identification or breakdown will determine on what lines of your
1040, Schedule NR, Step 4, Column B, Line 40.
federal return you need to report the income in Column A.
Residents claiming credit for taxes paid in other states: Subtract the
Nonresidents: The amounts reported in Column B need to be reported
total amount in Column B from the total amount in Column A, and write the
on the corresponding lines of your Form IL-1040, Schedule NR, Column
result on your Form IL-1040, Schedule CR, Step 3, Column B, Line 35.
B, Step 3, Column B.
Add Lines 36a through 46, Columns A and B.
Lines 36a through 46 -
Residents claiming taxes paid in other states: Subtract the amounts
Column A
Column B
in Column B, from the corresponding amounts in Column A, and include
Line 36a
______________
______________
the results on the appropriate lines of your Form IL-1040, Schedule CR,
Line 36b
______________
______________
Step 2, Column B.
Line 37
______________
______________
Step 5 - Your share of Illinois additions and
Line 38
______________
______________
subtractions —
Line 39a
______________
______________
Column A - Member’s share of additions —
Line 39b
______________
______________
Line 40
______________
______________
Lines 30 through 35 -
The amounts on these lines are reported
in your Illinois base income by including them on your Form IL-1040,
Line 41
______________
______________
Schedule M, Other Additions and Subtractions for Individuals, Line 2 (see
Line 42
______________
______________
Form IL-1040 instructions).
Line 43
______________
______________
Line 44
______________
______________
Line 45
______________
______________
Line 46
______________
______________
______________
______________
Total
Nonresidents: Include this total amount from Column B on your Form
IL-1040, Schedule NR, Step 4, Column B, Line 44.
Schedule K-1-T(2) (R-12/12)
Page 2 of 6
ADVERTISEMENT
0 votes
Related Articles
Related forms
Instructions For Schedule K-1 (541) Draft - Beneficiary's Share Of Income, Deductions, Credits, Etc. - 2008
Financial
Instructions For Schedule K-1-p(2) - Partner's And Shareholder's - Illinois Department Of Revenue
Financial
Schedule K-1 (form 38) - Beneficiary's Share Of North Dakota Income (loss),deductions, Adjustments, Credits, And Other Items - 2016
Financial
Schedule K-1 (form 38) - Beneficiary's Share Of North Dakota Income (loss),deductions, Adjustments, Credits, And Other Items - 2015
Financial
Related Categories
Parent category: Financial