Schedule K-1-T(2) - Beneficiary'S Instructions (Page 5 of 6) in pdf

Line 40 -

Nonresidents: Include the amount from Column B on your Form IL-

Nonresidents: Add Lines 47, 48 and 49, Column B. Include this total amount

1041, Schedule NR, Step 4, Column B, Line 43, to the extent it was not

as a subtraction on your Form IL-1041, Schedule NR, Step 4, Column B, Line

38.

distributed or deemed distributed to a beneficiary.

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

Residents claiming taxes paid in other states: Subtract the total amount

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

in Column B, from the total amount in Column A and include the result on

result on your Form IL-1041, Schedule CR, Step 3, Column B, Line 41, to

your Form IL-1041, Schedule CR, Step 3, Column B, Line 36.

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

Step 7 - Figure your beneficiary’s share of pass-

through entity payments

Step 6 - Your share of the Illinois August 1, 1969,

appreciation amounts —

Line 50 - Pass-through entity payments —

Write the amount

from Line 50 on your Form IL-1041, Step 7, Line 50d.

Column A - Beneficiary’s share —

Pass-through entity payments made on your behalf on

Include this amount on your Schedule F, Column K, Line

Line 47 -

Form IL-1000 and reported to you on Schedule K-1-T, Line 50, are

based on items of business income only. If amounts are reported on

Include this amount on your Schedule F, Column L, Line 2.

Line 48 -

Schedule K-1-T, Step 3, Column B, Lines 11-18, or you had Illinois

Include this amount on your Schedule F, Column M, Line 2.

Line 49 -

Income from other sources, and the payments made on your behalf

do not cover your liability, you must file a return to report the tax on

Column B - Illinois Share —

all of your Illinois income and claim a credit for pass-through entity

Lines 47, 48, and 49 -

Write the amounts from Columns A and B.

payments made on your behalf.

Column A

Column B

Line 47

______________

Line 48

______________

Line 49

______________

Total

Step-by-Step Instructions for

partnerships filing Form IL-1065 and

S corporations filing Form IL-1120-ST

Column A - Member’s share of subtractions —

Steps 3 and 4 - Your share of nonbusiness and

business income —

Add Step 5, Column A,

Line 36a

______________

Column A - Beneficiary’s share —

Line 36b

______________

The amounts reported on Lines 9 through 29

Lines 9 through 29 -

Line 37

______________

must match your federal Schedule K-1.

Line 41

______________

Column B - Illinois Share —

Line 42

______________

Line 43

______________

Step 3 represents your share of the trust’s or estate’s nonbusiness

Line 44

______________

income allocated to Illinois. Step 4 represents your share of the trust’s or

Line 45

______________

estate’s business income apportioned to Illinois. The following information

Line 46

______________

allows you to determine the amount to include on specific lines of your

Form IL-1065 or IL-1120-ST.

______________

Total

Lines 9 through 29 -

Include the amounts in Step 3, Column B in the

Lines 36a, 36b, and 41 through 46 -

The amounts on these lines are

total amount you report on your Form IL-1065 or IL-1120-ST, Step 6,

reported in your Illinois base income by including the total of these lines on

Line 44.

your Form IL-1065 or Form IL-1120-ST, Step 5, Line 32,

Include the amounts in Step 4, Column B in the total amount you report on

Include the amount from Line 39a on your Form

Lines 39a -

your Form IL-1065 or IL-1120-ST, Step 6, Line 45.

IL-1065 or IL-1120-ST, Schedule 1299-A, Tax Subtractions and

Step 5 - Your share of Illinois additions and

Credits, Step 1, Line 2.

subtractions —

Include the amount from Line 39b on your Form IL-1065 or

Lines 39b -

IL-1120-ST, Schedule 1299-A, Step 1, Line 5.

Column A - Member’s share of additions —

Lines 30 through 35 -

Include the amount from Line 40 on your Form IL-1065

The amounts on these lines are reported in

Lines 40 -

your Illinois base income by including them on your Form IL-1065 or

or IL-1120-ST, Schedule 1299-A, Step 1, Line 9.

IL-1120-ST Step 4, Line 19.

Page 5 of 6

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

Schedule K-1-T(2) - Beneficiary'S Instructions Page 5

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