Schedule K-1-T(2) - Beneficiary'S Instructions (Page 5 of 8) in pdf

Nonresidents: Include the total amount from Column B on your

Include the amount on your Form IL-1041, Schedule F,

Line 48 -

Form IL-1041, Schedule NR, Step 4, Column B, Line 47, to the extent it

Column M, Line 2.

was not distributed or deemed distributed to a beneficiary.

Column B - Illinois Share —

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

Enter the amounts from Lines 46 through 48 for

Lines 46, 47, and 48 -

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

both Columns A and B, and add all the amounts for both columns.

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

Column A

Column B

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

Line 46

______________

Line 39 -

Line 47

______________

Nonresidents: Include the amount from Column B on your Form IL-1041,

Line 48

______________

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

______________

Total

distributed or deemed distributed to a beneficiary.

Nonresidents: Include the total amount from Column B as a subtraction on

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

your Form IL-1041, Schedule NR, Step 4, Column B, Line 38.

amount in Column B from the amount in Column A, and enter the result on

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

your Form IL-1041, Schedule CR, Step 3, Column B, Line 40, to the extent

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

it was not distributed or deemed distributed to a beneficiary.

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

Line 40 -

Step 7 - Your share of pass-through withholding

Nonresidents: Include the amount from Column B on your

payments and federal income subject to

Form IL-1041, Schedule NR, Step 4, Column B, Line 43, to the extent it

surcharge —

was not distributed or deemed distributed to a beneficiary.

Enter the

Line 49 - Pass-through withholding payments —

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

amount from Line 49 on your Form IL-1041, Step 7, Line 52c.

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

Pass-through withholding payments made on your behalf

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

and reported to you on Schedule K-1-T, Line 49, are based on items of

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

business income and certain items of nonbusiness income only. If you

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

had Illinois income from other sources, and the payments made on

your behalf do not cover your liability, you must file a return to report

appreciation amounts —

the tax on all of your Illinois income and claim a credit for pass-through

Column A - Beneficiary’s share —

withholding payments made on your behalf.

Include the amount on your Form IL-1041, Schedule F,

Line 46 -

See the Step-by-Step Instructions for Line 50 at the end of

Line 50 -

Column K, Line 2.

these instructions.

Include the amount on your Form IL-1041, Schedule F,

Line 47 -

Column L, Line 2.

Step-by-Step Instructions

for partnerships filing Form IL-1065 and

S corporations filing Form IL-1120-ST

Step 5 - Your share of Illinois additions and

Steps 3 and 4 - Your share of nonbusiness and

subtractions —

business income or loss —

Column A - Member’s share of additions —

Column A - Beneficiary’s share —

The amounts on these lines are reported in

Lines 30 through 35 -

The amounts reported on Lines 9 through 29

Lines 9 through 29 -

your Illinois base income by including them on Step 4, Line 19, of

must match your federal Schedule K-1.

your Form IL-1065 or IL-1120-ST.

Column B - Illinois Share —

Column A - Member’s share of subtractions —

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

The amounts on these

Lines 36a through 38 and 41 through 45 -

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

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

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

these lines on Step 5, Line 32 of your Form IL-1065 or Form IL-1120-ST.

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

Form IL-1065 or Form IL-1120-ST.

Include the amount from Line 39 on your Schedule 1299-A,

Line 39 -

Step 1, Line 2.

Include the amounts in Step 3, Column B in the

Lines 9 through 29 -

total amount you report on your Schedule NB.

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

Line 40 -

Step 1, Line 5.

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

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

In addition, report the business and nonbusiness amounts in Column A,

Lines 30 through 45 as indicated in the following instructions.

Page 5 of 8

Schedule K-1-T(2) (R-12/14)

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

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