Schedule K-1-T(2) - Beneficiary'S Instructions (Page 4 of 6) in pdf

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

Residents claiming credit for taxes paid in other states: Subtract

Lines 40 -

Step 1, Line 9.

the total amount in, Column B, from the total amount in Column A,

and include the result on your Form IL-1041, Schedule CR, Step 2,

Column B - Illinois Share —

Column C, Line 4.

Add Column B, Lines 30 through 35.

Lines 30 through 35 -

Write the amounts from Step 4, Columns

Business gain or loss -

Column A

Column B

A and B, for each line item and add all amounts for each column.

Line 30

______________

Column A

Column B

Line 31

______________

Line 21

______________

Line 32

______________

Line 22

______________

Line 33

______________

Total

Line 34

______________

Nonresidents: Include this total amount from Column B to the extent

Line 35

______________

it was not distributed or deemed distributed to a beneficiary on your

______________

Total

Form IL-1041, Schedule NR, Step 3, Column C, Line 10.

Nonresidents: Include this total amount from Column B as an

Residents claiming credit for taxes paid in other states: Subtract

addition on your Form IL-1041, Schedule NR, Step 4, Column B,

the total amount in, Column B, from the total amount in Column A,

Line 35 to the extent it was not distributed or deemed distributed to a

and include the result on your Form IL-1041, Schedule CR, Step 3,

beneficiary.

Column C, Line 10.

Residents claiming credit for taxes paid in other states: Subtract

Other income -

The trust or estate is required to identify or send

the total amount in Column B from the total amount in Column A, and

you a breakdown of the items reported on Step 3, Line 18, and Step 4,

write the result on your Form IL-1041, Schedule CR, Step 3, Column

Line 29. This identification or breakdown will determine on what lines

B, Line 32, to the extent it was not distributed or deemed distributed

of your federal return you need to report the income in Column A.

to a beneficiary.

Nonresidents: The amounts reported in Column B need to be

Lines 36a through Line 38 and Line 41 through 46 -

Add

reported on the corresponding lines of your Form IL-1041, Schedule

Column B, Lines 36a through 38 and 41 through 46.

NR, Step 3, Column B.

Column A

Column B

Residents claiming taxes paid in other states: Subtract the

Line 36a

______________

amounts in Column B, from the corresponding amounts in Column A,

Line 36b

______________

and include the results on the appropriate lines of your Form IL-1041,

Line 37

______________

Schedule CR, Step 2, Column C.

Line 38

______________

Step 5 - Your share of Illinois additions and

Line 41

______________

Line 42

______________

subtractions —

Line 43

______________

Column A - Member’s share of additions —

Line 44

______________

Lines 30 through 35 -

The amounts on these lines are reported

Line 45

______________

in your Illinois base income by including them on your Form IL-1041,

Line 46

______________

Step 2, Line 9.

______________

Total

Column A - Member’s share of subtractions —

Nonresidents: Include this total amount from Column B on your Form

Add Step 5, Column A,

IL-1041, Schedule NR, Step 4, Column B, Line 47 to the extent it was not

Line 36a

______________

distributed or deemed distributed to a beneficiary.

Line 36b

______________

Residents claiming credit for taxes paid in other states: Subtract the

Line 37

______________

total amount in Column B from the total amount in Column A, and write the

result on your Form IL-1041, Schedule CR, Step 3, Column B, Line 45, to

Line 38

______________

the extent it was not distributed or deemed distributed to a beneficiary.

Line 41

______________

Add Lines 39a and 39b, Columns A and B.

Line 42

______________

Lines 39a and 39b -

Line 43

______________

Column A

Column B

Line 44

______________

Line 39a

______________

Line 45

______________

Line 39b

______________

Line 46

______________

Total

______________

Nonresidents: Include this total amount from Column B on your Form

Total

IL-1041, Schedule NR, Step 4, Column B, Line 42 to the extent it was not

Write the total on Form IL-1041, Step 3, Line 22.

distributed or deemed distributed to a beneficiary.

Include the amount from Line 39a on your Schedule

Lines 39a -

Residents claiming credit for taxes paid in other states: Subtract the

1299-B, Step 1, Line 2.

total amount in Column B from the total amount in Column A, and write the

Include the amount from Line 39b on your Schedule

result on your Form IL-1041, Schedule CR, Step 3, Column B, Line 40, to

Lines 39b -

1299-B, Step 1, Line 5.

the extent it was not distributed or deemed distributed to a beneficiary.

Page 4 of 6

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

Schedule K-1-T(2) - Beneficiary'S Instructions Page 4

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