Schedule K-1-T(2) - Beneficiary'S Instructions Page 4
ADVERTISEMENT
1
2
3
4
5
6
7
8Nonresidents: Include the total amount from Column B, to the extent
Column A - Member’s share of subtractions —
it was not distributed or deemed distributed to a beneficiary, on your
Enter the amounts from Lines 36a through 38 and Lines 41 through 45 of
Form IL-1041, Schedule NR, Step 3, Column C, Line 7.
Column A, and add all amounts.
Residents claiming credit for taxes paid in other states: Subtract
Line 36a
______________
the total amount in Column B from the total amount in Column A,
Line 36b
______________
and include the result on your Form IL-1041, Schedule CR, Step 2,
Line 37
______________
Column C, Line 7.
Line 38
______________
Enter the amounts from Step 3 for
Nonbusiness gain or loss -
Line 41
______________
both Columns A and B for each line item, and add all amounts for
Line 42
______________
each column.
Line 43
______________
Column A
Column B
Line 44
______________
Line 15
______________
______________
Line 45
______________
Line 16
______________
______________
______________
Line 17
______________
______________
Total
Include the total of
______________
______________
Lines 36a through 38 and 41 through 45 -
Total
these lines on your Form IL-1041, Step 3, Line 22.
Nonresidents: Include the total amount from Column B, to the extent
it was not distributed or deemed distributed to a beneficiary, on your
Include the amount from Line 39 on your Schedule 1299-B,
Line 39 -
Form IL-1041, Schedule NR, Step 3, Column C, Line 4.
Step 1, Line 2.
Residents claiming credit for taxes paid in other states: Subtract
Include the amount from Line 40 on your Schedule 1299-B,
Line 40 -
the total amount in Column B from the total amount in Column A,
Step 1, Line 5.
and include the result on your Form IL-1041, Schedule CR, Step 2,
Column B - Illinois Share —
Column C, Line 4.
Enter the amounts from Column B, Lines
Lines 30 through 35 -
Enter the amounts from Step 4 for both
Business gain or loss -
30 through 35.
Columns A and B, for each line item, and add all amounts for each
Column A
Column B
column.
Line 30
______________
______________
Column A
Column B
Line 31
______________
______________
Line 21
______________
______________
Line 32
______________
______________
Line 22
______________
______________
Line 33
______________
______________
______________
______________
Total
Line 34
______________
______________
Nonresidents: Include the 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 the 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 2,
beneficiary.
Column C, Line 10.
Residents claiming credit for taxes paid in other states: Subtract
The trust or estate is required to identify or send
Other income -
the total amount in Column B from the total amount in Column A,
you a breakdown of the items reported on Step 3, Line 18, and Step 4,
and enter the result on your Form IL-1041, Schedule CR, Step 3,
Line 29. This identification or breakdown will determine on what lines
Column B, Line 32, to the extent it was not distributed or deemed
of your federal return you need to report the income in Column A.
distributed to a beneficiary.
Nonresidents: The amounts reported in Column B need to be
Enter the
Lines 36a through 38 and Line 41 through 45 -
reported on the corresponding lines of your Form IL-1041, Schedule
amount from Lines 36a through 38 and 41 through 45 for both Columns
NR, Step 3, Column C.
A and B, and add all the amounts for both columns.
Residents claiming taxes paid in other states: Subtract the
Column A
Column B
amounts in Column B from the corresponding amounts in Column A
Line 36a
______________
______________
and include the results on the appropriate lines of your Form IL-1041,
Line 36b
______________
______________
Schedule CR, Step 2, Column C.
Line 37
______________
______________
Step 5 - Your share of Illinois additions and
Line 38
______________
______________
subtractions —
Line 41
______________
______________
Column A - Member’s share of additions —
Line 42
______________
______________
Line 43
______________
______________
The amounts on these lines are reported
Lines 30 through 35 -
in your Illinois base income by including them on your Form IL-1041,
Line 44
______________
______________
Step 2, Line 9.
Line 45
______________
______________
______________
______________
Total
Schedule K-1-T(2) (R-12/14)
Page 4 of 8
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