Schedule K-1-T(2) - Beneficiary'S Instructions Page 2
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8Residents claiming credit for taxes paid in other states: Subtract
Step 5 - Your share of Illinois additions and
the amount on Step 4, Column B, Line 19, from the amount on Step 4,
subtractions —
Column A, Line 19, and include the result on your Form IL-1040,
Column A - Member’s share of additions —
Schedule CR, Step 2, Column B, Line 2.
The amounts on these lines are reported
Lines 30 through 35 -
Nonbusiness dividends are not taxed by Illinois.
Dividend income -
in your Illinois base income by including them on your Form IL-1040,
Step 3, Column B, Line 10, should be “0.” If the Schedule K-1-T you
Schedule M, Other Additions and Subtractions for Individuals, Line 2.
received shows an amount in Column B of this line, you should notify the
partnership or S corporation who issued you the schedule and ask for a
Column A - Member’s share of subtractions —
corrected Schedule K-1-T.
Enter the amounts from Lines 36a through 38 and Lines 41 through 45,
Column A, and add all amounts.
Nonresidents: Include the amount from Step 4, Column B, Line 20 on
Line 36a
______________
your Form IL-1040, Schedule NR, Step 3, Column B, Line 7.
Line 36b
______________
Residents claiming credit for taxes paid in other states: Subtract
Line 37
______________
the amount on Step 4, Column B, Line 20, from the amount on
Line 38
______________
Step 4, Column A, Line 20, and include the result on your Form IL-1040,
Line 41
______________
Schedule CR, Step 2, Column B, Line 3.
Line 42
______________
Rents, royalties, partnerships, S corporations, trusts, and
Line 43
______________
Enter the amounts from Columns A and B from both Step 3
estates -
Line 44
______________
and Step 4 for each line item, and add all the amounts for each Column.
Line 45
______________
______________
Column A
Column B
Total
Line 11
______________
______________
Include the total amount on your Form IL-1040, Schedule M, Other
Line 12
______________
______________
Additions and Subtractions for Individuals, Line 13.
Line 13
______________
______________
Include the amount from Line 39 on your Form IL-1040,
Line 14
______________
______________
Line 39 -
Line 25
______________
______________
Schedule 1299-C, Step 2, Line 2.
Line 28
______________
______________
Include the amount from Line 40 on your Form IL-1040,
Line 40 -
______________
______________
Total
Schedule 1299-C, Step 2, Line 5.
Nonresidents: Include the total amount from Column B on your Form
Column B - Illinois share —
IL-1040, Schedule NR, Step 3, Column B, Line 15.
Enter the amounts from Columns A and B for
Lines 30 through 35 -
Residents claiming taxes paid in other states: Subtract the amount in
each line item, and add all the amounts for each column.
Column B from the total amount in Column A, and include the result on
Column A
Column B
your Form IL-1040, Schedule CR, Step 2, Column B, Line 11.
Line 30
______________
______________
Enter the amounts from Columns A and B for
Capital gain or loss -
Line 31
______________
______________
both Step 3 and Step 4 for each line item, and add all the amounts for
Line 32
______________
______________
each column.
Line 33
______________
______________
Column A
Column B
Line 34
______________
______________
Line 15
______________
______________
Line 35
______________
______________
Line 16
______________
______________
______________
______________
Total
Line 17
______________
______________
Nonresidents: Include the total amount from Column B on your Form
Line 21
______________
______________
IL-1040, Schedule NR, Step 4, Column B, Line 40.
Line 22
______________
______________
Residents claiming credit for taxes paid in other states: Subtract the
______________
______________
Total
total amount in Column B from the total amount in Column A, and enter
Nonresidents: Include the total amount from Column B on your Form
the result on your Form IL-1040, Schedule CR, Step 3, Column B, Line 35.
IL-1040, Schedule NR, Step 3, Column B, Line 11.
Enter the amounts from Lines 36a through 45
Lines 36a through 45 -
Residents claiming taxes paid in other states: Subtract the total
for both Columns A and B and add all the amounts for each column.
amount in Column B, from the total amount in Column A, and include the
Column A
Column B
result on your Form IL-1040, Schedule CR, Step 2, Column B, Line 7.
Line 36a
______________
______________
Line 36b
______________
______________
The trust or estate is required to identify or send you
Other income -
a breakdown of the items reported on Step 3, Line 18, and Step 4, Line
Line 37
______________
______________
29. This identification or breakdown will determine on what lines of your
Line 38
______________
______________
federal return you need to report the income in Column A.
Line 39
______________
______________
Line 40
______________
______________
Nonresidents: The amounts reported in Column B need to be reported
on the corresponding lines of your Form IL-1040, Schedule NR, Step 3,
Line 41
______________
______________
Column B.
Line 42
______________
______________
Line 43
______________
______________
Residents claiming taxes paid in other states: Subtract the amounts
Line 44
______________
______________
in Column B, from the corresponding amounts in Column A, and include
the results on the appropriate lines of your Form IL-1040, Schedule CR,
Line 45
______________
______________
Step 2, Column B.
______________
______________
Total
Schedule K-1-T(2) (R-12/14)
Page 2 of 8
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