Schedule K-1-T(2) - Beneficiary'S Instructions (Page 6 of 8) in pdf

Enter the total of any business amounts

Column A - Member’s share of business and

Business amounts -

from Column B, Lines 30 through 35 and 36a through 45 (excluding

nonbusiness amounts —

Line 36b).

Lines 30 through 45 -

Total of business amounts from

Enter the total of any nonbusiness

Nonbusiness amounts -

Column B, Lines 30 through 35.

______________

amounts from Column A, Lines 30 through 35 and 36b through 45 (do

Total of business amounts from Column B,

not include amounts from Line 36a).

Lines 36a through 45 (excluding Line 36b). ______________

Total of nonbusiness amounts from

Subtract Line B from Line A.

______________

Column A, Lines 30 through 35.

______________

Include the total amount from Line C in the total amount reported on

Total of nonbusiness amounts from

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

Column A, Lines 36b through 45.

______________

Subtract Line B from Line A.

______________

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

Include the total amount from Line C in the total amount reported on

appreciation amounts —

your Schedule NB.

Column A - Member’s share —

Enter the total of any business amounts

Business amounts -

Include the amount on your Schedule F, Column K, Line 2.

Line 46 -

from Column A, Lines 30 through 35 and 36a through 45 (excluding

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

Line 47 -

Line 36b).

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

Line 48 -

Total of business amounts from

Column B - Illinois share —

Column A, Lines 30 through 35.

______________

Use the information in Column B when completing Step 6 of the

Total of business amounts from Column A,

Schedule K-1-P for your partners or shareholders.

Lines 36a through 45 (excluding Line 36b). ______________

Step 7 - Your share of pass-through withholding

Subtract Line B from Line A.

______________

payments and federal income subject to

Include the total amount from Line C in the total amount reported on

surcharge —

Step 6, Line 37, of your Form IL-1065 or Form IL-1120-ST.

Enter the

Line 49 - Pass-through withholding payments —

Column B - Illinois Share —

amount from Line 49 on Step 9, Line 61c, of your Form IL-1065 or

Lines 30 through 45 -

Step 9, Line 60c, of your Form IL-1120-ST.

Enter the total of any nonbusiness

Nonbusiness amounts -

Pass-through withholding payments made on your behalf

amounts from Column B, Lines 30 through 35 and 36b through 45 (do

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

not include amounts from Line 36a).

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

Total of nonbusiness amounts from

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

Column B, Lines 30 through 35.

______________

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

Total of nonbusiness amounts from

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

Column B, Lines 36b through 45.

______________

withholding payments made on your behalf.

Subtract Line B from Line A.

______________

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

Line 50 -

Include the total amount from Line C in the total amount reported on

these instructions.

your Schedule NB.

Step-by-Step Instructions

for corporations filing Form IL-1120

Steps 3 and 4 - Your share of nonbusiness and

Step 5 - Your share of Illinois additions and

business income or loss —

subtractions —

Column A - Beneficiary’s share —

Column A - Member’s share of additions —

The amounts on these lines are reported in

The amounts reported on Lines 9 through 29

Lines 30 through 35 -

Lines 9 through 29 -

your Illinois base income by including them on your Form IL-1120,

must match your federal Schedule K-1.

Step 2, Line 7.

Column B - Illinois share —

The amounts on

Lines 36a through 38 and 41 through 46 -

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

these lines are reported in your Illinois base income by including the

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

total of these lines on your Form IL-1120, Step 3, Line 20.

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

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

Line 39 -

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

Step 2, Line 10.

Form IL-1120.

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

Line 40 -

Include the amounts in Step 3, Column B in the total amount you report on

Step 2, Line 13.

your Schedule NB.

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

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

Lines 30 through 45 as indicated in the following instructions.

your Form IL-1120, Step 4, Line 33.

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

Page 6 of 8

Schedule K-1-T(2) - Beneficiary'S Instructions Page 6

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