Enlarge image | Use your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes. Illinois Department of Revenue *32512221W* 2022 IL-1065-X Amended Partnership Replacement Tax Return For tax years ending on or after December 31, 2022 Indicate what tax year you are amending: Tax year beginning , ending Enter the amount you month day year month day year are paying. If you are filing an amended return for tax years ending before December 31, 2022, you may not use this form. For prior years, see instructions to determine the correct form to use. $ Step 1: Identify your partnership H Enter your federal employer identification number (FEIN). A Enter your complete legal business name. If I Checkhavethisyou aaare membernameyou box if athisof unitarychange, check box. Name: business group and are included on a Schedule UB, Combined Apportionment for Unitary Business Group. B Enter your mailing address. Enter the FEIN of the member who prepared the If you have an address change, check this box. Schedule UB and attach it to this return. C/O: Mailing address: J Enter your North American Industry Classification City: State: ZIP: System (NAICS) Code. See instructions. increasedan report net C Checkonly to K If haveboxthe thisyou check following, the filingcompleted are thisyou box if form loss on Line 47, Column B. and attach the federal form(s) to this return, if you D Check this box if you are: have not previously done so. classified as an investment partnership. Federal Form 8886 Federal Schedule M-3, Part II, Line 10 classified as a publicly-traded partnership. L Check this box if you attached Form IL-4562. E Check the applicable box for the type of change being made. M Check this box if you attached Schedule M. NLD State change Federal change N Check this box if you attached Schedule 80/20. If a federal change, check one: O Check this box if you attached Schedule 1299-A. Partial agreed Finalized P Check this box if your business activity is Enter the finalization date protected under Public Law 86-272. Attach your federal finalization to this return. Q Throwback adjustment - see instructions. adjustment - seethrowback instructions. F Check R Double thisfilingare Formyou box if IL-1065-X beforedue extended the date and making the election to treat all nonbusiness income as S Check this box if you attached the Subgroup Schedule. business T Check income. thisaare 52/53 weekyou box if filer. G Check this box if you elected to file and pay U If you are paying Pass-through Entity (PTE) Tax and Pass-through Entity Tax. See instructions. you annualized your income on Form IL-2220, check this box and attach Form IL-2220. Explain the changes on this return (Attach a separate sheet if necessary.): Step 2: Figure your ordinary income or loss A B As most recently Corrected reported or adjusted amount (Whole dollars only) (Whole dollars only) 1 Ordinary income or loss or equivalent from U.S. Schedule K. 1 00 1 00 2 Net income or loss from all rental real estate activities. 2 00 2 00 3 Net income or loss from other rental activities. 3 00 3 00 4 Portfolio income or loss. 4 00 4 00 5 Net IRC Section 1231 gain or loss. 5 00 5 00 6 All other items of income or loss that were not included in the computation of income Form IL-1065-X-V here. or loss on Page 1 of U.S. Form 1065. Identify: 6 00 6 00 Attach your payment and 7 Add Lines 1 through 6. This is your ordinary income or loss. 7 00 7 00 Step 3: Figure your unmodified base income or loss 8 Charitable contributions. 8 00 8 00 9 Expense deduction under IRC Section 179. 9 00 9 00 10 Interest on investment indebtedness. 10 00 10 00 11 All other items of expense that were not deducted in the computation of ordinary income or loss on Page 1 of U.S. Form 1065. Identify: 11 00 11 00 12 Add Lines 8 through 11. 12 00 12 00 13 Subtract Line 12 from Line 7. This is your total unmodified base income or loss. 13 00 13 00 This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this IL-1065-X (R12/22) information is REQUIRED. Failure to provide information could result in a penalty. Page 1 of 5 |
Enlarge image | *32512222W* Step 4: Figure your income or loss A B As most recently Corrected reported or adjusted amount 14 Enter the amounts from Line 13. 14 00 14 00 15 State, municipal, and other interest income excluded from Line 14. 15 00 15 00 16 Illinois replacement tax deducted in arriving at Line 14. 16 00 16 00 17 Illinois Special Depreciation addition. Attach Form IL-4562. 17 00 17 00 18 Related-Party Expenses addition. Attach Schedule 80/20. 18 00 18 00 19 Distributive share of additions. Attach Schedule(s) K-1-P or K-1-T. 19 00 19 00 20 Guaranteed payments to partners from U.S. Form 1065. 20 00 20 00 21 The amount of loss distributable to a partner subject to replacement tax. Attach Schedule B. 21 00 21 00 22 Other additions. Attach Schedule M (for businesses). 22 00 22 00 23 Add Lines 14 through 22. This is your income or loss. 23 00 23 00 Step 5: Figure your base income or loss 24 Interest income from U.S. Treasury and exempt federal obligations. 24 00 24 00 25 August 1, 1969, valuation limitation amount. Attach Schedule F. 25 00 25 00 26 Personal service income or reasonable allowance for compensation of partners. 26 00 26 00 27 Share of income distributable to a partner subject to replacement tax. Attach Schedule B. 27 00 27 00 28 River Edge Redevelopment Zone Dividend subtraction. Attach Schedule 1299-A. 28 00 28 00 29 High Impact Business Dividend subtraction. Attach Schedule 1299-A. 29 00 29 00 30 Illinois Special Depreciation subtraction. Attach Form IL-4562. 30 00 30 00 31 Related-Party Expenses subtraction. Attach Schedule 80/20. 31 00 31 00 32 Distributive share of subtractions. Attach Schedule(s) K-1-P or K-1-T. 32 00 32 00 33 Other subtractions. Attach Schedule M (for businesses). 33 00 33 00 24 throughsubtractions. 34 Total 34 00 34 00 Lines 33. Add 35 Base income or loss. Subtract Line 34 from Line 23. 35 00 35 00 A If the amount on Line 35 is derived inside Illinois only, check this box and enter the amount from Step 5, Line 35 on Step 7, Line 47. You may not complete Step 6. (You must leave Step 6, Lines 36 through 46 blank.) If you are a unitary filer, do not check this box. Check the box on Line B and complete Step 6. B If any portion of the amount on Line 35 is derived outside Illinois, or you are a unitary filer, check this box and complete all lines of Step 6. (Do not leave Lines 40 through 42 blank.) See instructions. Step 6: Figure your income allocable to Illinois (Complete only if you checked the box on Line B, above.) 36 Nonbusiness income or loss. Attach Schedule NB. 36 00 36 00 37 Business income or loss included in Line 35 from non-unitary partnerships, partnerships included on a Schedule UB, S corporations, trusts, or estates. See instructions. 37 00 37 00 38 Add Lines 36 and 37. 38 00 38 00 39 Business income or loss. Subtract Line 38 from Line 35. 39 00 39 00 40 Total sales everywhere. This amount cannot be negative. 40 00 40 00 41 Total sales inside Illinois. This amount cannot be negative. 41 00 41 00 42 Apportionment factor. Divide Line 41 by Line 40. Round to six decimal places. 42 42 43 Business income or loss apportionable to Illinois. Multiply Line 39 by Line 42. 43 00 43 00 44 Nonbusiness income or loss allocable to Illinois. Attach Schedule NB. 44 00 44 00 45 Business income or loss apportionable to Illinois from non-unitary partnerships, partnerships included on a Schedule UB, S corporations, trusts, or estates. See instructions. 45 00 45 00 46 Base income or loss allocable to Illinois. Add Lines 43 through 45. 46 00 46 00 Page 2 of 5 IL-1065-X (R12/22) |
Enlarge image | *32512223W* Step 7: Figure your net income A B As most recently Corrected reported or adjusted amount 47 Base income or net loss from Step 5, Line 35 or Step 6, Line 46. 47 00 47 00 48 Illinois net loss deduction. Attach Schedule NLD. If Line 47 is zero or negative, enter zero. 48 00 48 00 Check this box and attach a detailed statement if you have merged losses. 49 Income after NLD. Subtract Line 48 from Line 47. 49 00 49 00 50 Enter the amount from Step 5, Line 35. 50 00 50 00 51 Divide Line 47 by Line 50. Round to six decimal places. Cannot be greater than one. 51 51 52 Exemption allowance. See instructions before completing. 52 00 52 00 53 Net income. Subtract Line 52 from Line 49. 53 00 53 00 Step 8: Figure the taxes and pass-through withholding you owe 54 Replacement tax. Multiply Line 53 by 1.5% (.015). 54 00 54 00 55 Recapture of investment credits. Attach Schedule 4255. 55 00 55 00 56 Replacement tax before investment credits. Add Lines 54 and 55. 56 00 56 00 57 Investment credits. Attach Form IL-477. 57 00 57 00 58 Net replacement tax. Subtract Line 57 from Line 56. If negative, enter zero. 58 00 58 00 59 Pass-through withholding you owe on behalf of your members. See instructions. Enter the amount from Schedule B, Section A, Line 5. Attach Schedule B. 59 00 59 00 60 Pass-through entity income. See instructions. 60 00 60 00 61 Pass-through entity tax. Multiply Line 60 by 4.95% (.0495). 61 00 61 00 62 Total taxes and pass-through withholding. Add Lines 58, 59, and 61. 62 00 Step 9: Figure your refund or balance due 63 Payments. See instructions. a Credits from previous overpayments. 63a 00 b Total payments made before the date this amended return is filed. 63b 00 c Pass-through withholding reported to you. Attach Schedule(s) K-1-P or K-1-T. 63c 00 d Illinois income tax withholding. Attach Form(s) W-2G. 63d 00 64 Total payments. Add Lines 63a through 63d. 64 00 65 Previously paid penalty and interest. See instructions. 65 00 66 Total amount of overpayment (including any carryforward or refund) before the filing of this return instructions. See for 66 00 amended. being year the 67 Add lines 65 and 66. 67 00 68 Net tax paid. Subtract Line 67 from Line 64. 68 00 69 Overpayment. If Line 68 is greater than Line 62, subtract Line 62 from Line 68. 69 00 70 Amount of overpayment from Line 69 to be credited forward. See instructions. 70 00 Check this box and attach a detailed statement if this carryforward is going to a different FEIN. 71 Refund. Subtract Line 70 from Line 69. This is the amount to be refunded. 71 00 72 Tax due with this amended return. If Line 62 is greater than Line 68, subtract Line 68 from Line 62. 72 00 You will be sent a bill for any additional penalty and interest. Enter the amount of your payment on the top of Page 1 in the space provided. Step 10: Sign below - Under penalties of perjury, I state that I have examined this return and, to the best of my knowledge, it is true, correct, and complete. Sign Check if the Department Here ( ) may discuss this return with the Signature of partner Date (mm/dd/yyyy) Title Phone paid preparer shown in this step. Check if Paid Print/Type paid preparer’s name Paid preparer’s signature Date (mm/dd/yyyy) self-employed Paid Preparer’s PTIN Preparer Firm’s name Firm’s FEIN Use Only Firm’s address Firm’s phone ( ) Mail this return to: Illinois Department of Revenue, P.O. Box 19016, Springfield, IL 62794-9016 IL-1065-X (R12/22) Printed by the authority of the state of Illinois. Electronic only, one copy. Page 3 of 5 |
Enlarge image | Illinois Department of Revenue Year ending *30812221W* 2022 Schedule B Partners’ or Shareholders’ Information Month Year your Attach IL Attachment No. 1 FormFormIL-1120-ST. IL-1065 or to Enter your name as shown on your Form IL-1065 or Form IL-1120-ST. Enter your federal employer identification number (FEIN). Read this information first • You must read the Schedule B instructions and complete Schedule(s) K-1-P and Schedule(s) K-1-P(3) before completing this schedule. • You must complete Section B of Schedule B and provide all the required information for your partners or shareholders before completing Section A of Schedule B. Failure to follow these instructions may delay the processing of your return or result in you receiving further correspondence from the Illinois Department of Revenue. You may also be required to submit further information to support your filing. Section A: Total members’ information (from Schedule(s) K-1-P and Schedule B, Section B) Before completing this section you must first complete Schedule(s) K-1-P, Schedule(s) K-1-P(3) and Schedule B, Section B. You will use the amounts from those schedules when completing this section. Totals for resident and nonresident partners or shareholders (from Schedule(s) K-1-P and Schedule B, Section B) 1 Enter the total of all nonbusiness income or loss you reported on Schedule(s) K-1-P for your members. See instructions. 1 2 Enter the total of all income and replacement tax credits you reported on Schedule(s) K-1-P for your members. See instructions. 2 3 Add the amounts shown on Schedule B, Section B, Line E for all partners or shareholders on all pages for which you have checked the box indicating the entity is subject to Illinois replacement tax or an ESOP. Enter the total here. See instructions. 3 Totals for nonresident partners or shareholders only (from Schedule B, Section B) 4 Enter the total pass-through withholding you reported on all pages of your Schedule B, Section B, Line J for your a. nonresident individual members. See instructions. 4a b. nonresident estate members. See instructions. 4b c. partnership and S corporation members. See instructions. 4c d. nonresident trust members. See instructions. 4d e. C corporation members. See instructions. 4e 5 Add Line 4a through Line 4e. This is the total pass-through withholding you owe on behalf of all your nonresident partners or shareholders. This amount should match the total amount from Schedule B, Section B, Line J for all nonresident partners or shareholders on all pages. Enter the total here and on Form IL-1065 (Form IL-1065-X), Line 59, or Form IL-1120-ST (Form IL-1120-ST-X), Line 59. See instructions. 5 6 Enter the total pass-through entity tax credit paid on all pages of Schedule B, Section B, Line K. 6 7 Enter the total pass-through entity tax credit received and distributed on all pages of Schedule B, Section B, Line L. 7 Attach all pages of Schedule B, Section B behind this page. This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this information is REQUIRED. Failure to provide information could result in a penalty. B Front54 of (R-12/22) Schedule IL-1065-X (R12/22) Page |
Enlarge image | Illinois Department of Revenue *30812222W* 2022 Schedule B Enter your name as shown on your Form IL-1065 or Form IL-1120-ST. Enter your federal employer identification number (FEIN). Section B: Members’ information (See instructions before completing.) Member 1 Member 2 Member 3 Member 4 A Name C/O Address 1 Address 2 City State, ZIP B Partner or Shareholder __________ __________ __________ __________ C SSN/FEIN D Subject to Illinois replacement tax or an ESOP E Member’s distributable amount of base income or loss F Excluded from pass-through withholding __________ __________ __________ __________ G Share of Illinois income subject to pass-through withholding H Pass-through withholding before credits I Distributable share of credits J Pass-through withholding amount K PTE tax credit paid to members L PTE tax credit received and distributed to members If you have more members than space provided, attach additional copies of this page as necessary. Printed by the authority of the state of Illinois. Electronic only, one copy. (R-12/22)B Back 55 of Schedule IL-1065-X (R12/22) Page Reset Print |