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IDR-1-DIS (N-08/23)          Printed by authority of State of Illinois, web only – one copy. 
 

                                                                           *95512191V*
         Illinois Department of Revenue                                                                                                          Year ending
                                                        Illinois Net Loss Adjustments for 
         Schedule INL                                                                                                                            __ __
                                                        Cooperatives and REMIC Owners                                                            Month     Year
         Attach to your Form IL-1120.                                                                                                            IL Attachment No. 20
Step 1:  Provide the following information
 A _____________________________________________________________                          B___  ___  -  ___  ___  ___  ___  ___  ___  ___ 
      Enter your name as shown on your Form IL-1120.                                       Enter your federal employer identification number (FEIN).

 C Check the box indicating the reason for completing Schedule INL.          Cooperative Adjustments  (Complete Steps 2 and 3 only.)
                                                                             REMIC Adjustments                                     (Complete Step 4 only.) 

Step 2:  Make your election (Cooperatives only)TENTATIVE FINAL

  1  Mark this box if this is the first year for which you are filing Schedule INL.                                                           
             If you marked the box in Line 1, complete the following statement by checking the appropriate box 1a or 1b. 
     I elect to compute Illinois net income for all taxable years: 
      a   allowing patronage losses to offset nonpatronage income.                                                                    
        If you check this box, do not complete Step 3 on this form or complete this form in subsequent years. 
      b without allowing patronage losses to offset nonpatronage income.                                                         

  2  Mark this box if you elected to offset nonpatronage loss against patronage income for federal purposes 
      for this tax year.                                                                                                                                

Step 3: Figure your Illinois income or loss (Cooperatives only)                                                                  A                   B
                                                                                                                                Patronage     Nonpatronage
  3  Federal taxable income. (Federal Form 1120-C, Schedule G, Line 10, or                                                                                  
    Form 8817, Line 29.)                                                                     3a  ____________ 00                             3b  ____________ 00
  4  Addition modifications.                                                                 4a  ____________ 00                             4b  ____________ 00
  5  Subtraction modifications.                                                              5a  ____________ 00                             5b  ____________ 00
  6  Base income. Add Lines 3 through 5.                                                     6a ____________ 00                              6b  ____________ 00
  7  Nonbusiness income or loss.                                                             7a  ____________ 00                             7b  ____________ 00
  8  Business income or loss from non-unitary partnerships, partnerships included on
    Schedule UB, S corporations, trusts, or estates.                                         8a  ____________ 00                             8b  ____________ 00
  9  Add Lines 7 and 8.                                                                      9a  ____________ 00                             9b  ____________ 00
 10  Business income or loss. Subtract Line 9 from Line 6.                                   10a ____________ 00                             10b ____________ 00
 11  Apportionment factor from Form IL-1120, Line 30.                                        11a ___                             ___________ 11b ______________
 12  Business income or loss apportioned to Illinois. Multiply Line 10 by Line 11.           12a ____________ 00                             12b ____________ 00
 13  Nonbusiness income or loss allocated to Illinois from Form IL-1120, Line 32.            13a ____________ 00                             13b ____________ 00
 14  Business income or loss apportionable to Illinois from non-unitary partnerships,                                                                       
    partnerships included on a Schedule UB, S corporations, trusts, or estates from 
    Form IL-1120, Line 33.                                                                   14a ____________ 00                             14b ____________ 00
 15  Base income or loss allocable to Illinois. Add Lines 12 through 14.                     15a ____________ 00                             15b ____________ 00
 16  Discharge of Indebtedness adjustment. See instructions.                                 16a ____________ 00                             16b ____________ 00
 17  Adjusted base income or net loss. Add Lines 15 and 16. See instructions.                17a ____________ 00                             17b ____________ 00
 18  Illinois net loss deduction.                                                            18a ____________ 00                             18b ____________ 00
 19  Net income or loss. Subtract Line 18 from Line 17.                                      19a ____________ 00                             19b ____________ 00
 20  Combined net income or loss. See instructions.                                                                          20                  ___________ 00

                                         This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this 
       Schedule INL Front (R-12/19)      information is REQUIRED. Failure to provide information could result in a penalty. 

                                                                             *95512192V*
Step 4:  Figure your Illinois income or loss (REMIC residual interest owners only.) 
  1  Enter your base income or net loss from Form IL-1120, Line 35.                                                         1  ____________ 00
  2  Enter your recomputed federal taxable income. See instructions.                        2  ____________ 00
  3  Total addition modifications. (Form IL-1120, Lines 2 through 8.)                       3  ____________ 00
  4  Total subtraction modifications entered as a negative number. (Form IL-1120, Line 22.) 4 ____________ 00 
  5  Base income. Add Lines 2 through 4.                                                    5 ____________ 00 
 6  Nonbusiness income or loss. (Form IL-1120, Line 24.)                                    6 ____________ 00 
  7  Business income or loss from non-unitary partnerships, partnerships included on a
   Schedule UB, S corporations, trusts, or estates. (Form IL-1120, Line 25.)                7 ____________ 00 

  8  AddTENTATIVELines 6 and 7.                                                             8 ____________FINAL00 
  9  Business income or loss. Subtract Line 8 from Line 5.                                  9 ____________ 00 
 10  Apportionment factor from Form IL-1120, Line 30.                                       10 ___ ___________ 
 11  Business income or loss apportioned to Illinois. Multiply Line 9 by Line 10.           11 ____________ 00 
 12  Nonbusiness income or loss allocated to Illinois from Form IL-1120, Line 32.           12 ____________ 00 
 13  Business income or loss apportionable to Illinois from non-unitary partnerships,
   partnerships included on a Schedule UB, S corporations, trusts, or estates from                                               
   Form IL-1120, Line 33.                                                                   13 ____________ 00 
 14  Recomputed base income or net loss allocable to Illinois. Add Lines 11 through 13.                                     14 ____________ 00
 15  Subtract Line 1 from Line 14. See instructions.
   If the result is positive or zero, stop here. Do not complete the rest of this form.                                     15 ____________ 00
 16  Enter any discharge of indebtedness amount from Form IL-1120, Line 36.                                                 16 ____________ 00
 17  If Line 1 is 
     negative or zero, add Lines 1 and 16, and enter the total here.
     positive, enter zero here.                                                                                             17 ____________ 00
 18  Add Lines 15 and 17.  If the result is  negative, this is the amount you may use                                            
   as an NLD carryforward in subsequent tax years.                                                                          18 ____________ 00

     Schedule INL Back (R-12/19)             Printed by the authority of the state of Illinois - electronic only - one copy.