Schedule F (Form Il-1040) - Gains From Sales Or Exchanges Of Property Acquired - 2012 Page 2

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Your name as shown on your Form IL-1040
Your Social Security number
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Installment Sales
If on your U.S. 1040, Schedule D, or U.S. Form 4797, you reported gain from an installment sale of property you acquired before
August 1, 1969, complete Schedule F for those sales by following the instructions below.
If for federal tax purposes you fi led U.S. Form 6252 but were not required to fi le U.S. Form 4797, attach to your Schedule F: (1) a
statement that you were not required to fi le U.S. Form 4797, and (2) a copy of the U.S. Form 6252 as fi led.
Installment Sales before August 1, 1969
Installment Sales on or after August 1, 1969
Step 2 of Schedule F
Step 2 of Schedule F
Line 1
Line 1
Columns A through C – Follow instructions for Schedule F.
Columns A through F – Follow instructions for Schedule F.
Column D – Write ‘‘INST’’ to indicate installment.
Column G – Complete the worksheet below and write in this column
the amount from Column 5 of the worksheet.
Columns E through G – Leave blank.
Column H – Write the amount of gain from this sale reported this
The heading for Column G does not describe this entry.
year on your U.S. 1040, Schedule D.
Column H – Follow instructions for Schedule F.
Step 3 of Schedule F
Step 3 of Schedule F
Line 5
Line 5
Columns A through C – Follow instructions for Schedule F.
Columns A through F – Follow instructions for Schedule F.
Column D – Write ‘‘INST’’ to indicate installment.
Column G – Complete the worksheet below and write in this column
Columns D1 through G – Leave blank.
the amount from Column 5 of the worksheet.
Column H – Write the amount of Section 1245 or 1250 gain from this
sale reported this year on your U.S. Form 4797 or 6252.
The heading for Column G does not describe this entry.
Column I – Write the amount of Section 1231 gain from this sale
Columns H and I – Follow instructions for Schedule F.
reported this year on your U.S. Form 4797 or 6252.
Step 4 of Schedule F
Step 4 of Schedule F
Lines 9 through 17 –
Follow instructions for Schedule F.
Lines 9 through 17 – Follow instructions for Schedule F.
Column G Worksheet
Column 1
Column 2
Column 3
Column 4
Column 5
Total gain
Fraction
Column 1 times Column 2
Total gain
Column 3 minus Column 4
or, from Schedule F,
reported in
Write this amount
Column E minus Column F
prior years
in Column G
(If negative, write zero)
a
________________ 00
________________ 00
________________ 00
________________ 00
b
________________ 00
________________ 00
________________ 00
________________ 00
c
________________ 00
________________ 00
________________ 00
________________ 00
d
________________ 00
________________ 00
________________ 00
________________ 00
e
________________ 00
________________ 00
________________ 00
________________ 00
Instructions for Column G Worksheet
Column 4 - Write the total gain reported on your federal income tax
For each installment sale after July 31, 1969, reported on Schedule F:
returns in prior years.
Column 1 - Write the total federal gain realized on the sale. This is
Column 5 - Subtract Column 4 from Column 3. Write that amount
your entire gain and not just the gain reported this year.
here and on Schedule F, Column G, Step 2 or Step 3, as appropriate.
Column 2 - Write the fraction, if any, written on Schedule F, Column E.
If this amount is negative, write zero.
Column 3 - If you wrote a fraction in Column 2 of this worksheet,
multiply Column 1 by that fraction. If Column 2 is blank, subtract
Column F from Column E on Schedule F and write the amount.
*261402110*
This form is authorized as outlined under the Illinois Income Tax Act. Disclosure of
this information is required. Failure to provide information could result in a penalty.
Schedule F (IL-1040) (R-12/12)
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