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*32712233V*
Step 7: Figure your net income
47 Base income or net loss from Step 5, Line 35, or Step 6, Line 46. 47 00
48 Discharge of indebtedness adjustment. Attach federal Form 982. See instructions. 48 00
49 Adjusted base income or net loss. Add Lines 47 and 48. 49 00
50 Illinois net loss deduction. If Line 49 is zero or a negative amount, enter zero. Attach Schedule NLD. 50 00
Check this box and attach a detailed statement if you have merged losses.
51 Net income. Subtract Line 50 from Line 49. 51 00
TENTATIVEStep 8: Figure the taxes, surcharges, pass-through withholding, and penalty you owe FINAL
52 Replacement tax. Multiply Line 51 by 1.5% (.015). 52 00
53 Recapture of investment credits. Attach Schedule 4255. 53 00
54 Replacement tax before investment credits. Add Lines 52 and 53. 54 00
55 Investment credits. Attach Form IL-477. 55 00
56 Net replacement tax. Subtract Line 55 from Line 54. If the amount is negative, enter zero. 56 00
57 Compassionate Use of Medical Cannabis Program Act surcharge. See instructions. 57 00
58 Sale of assets by gaming licensee surcharge. See instructions. 58 00
59 Pass-through withholding you owe on behalf of your members. Enter the amount from
Schedule B, Section A, Line 5. See instructions. Attach Schedule B. 59 00
60 Pass-through entity income. See instructions. 60 00
61 Pass-through entity tax. Multiply Line 60 by 4.95% (.0495). 61 00
62 Total net replacement tax, surcharges, pass-through withholding, and pass-through entity tax
you owe. Add Lines 56, 57, 58, 59, and 61. 62 00
63 Underpayment of estimated tax penalty from Form IL-2220. See instructions. 63 00
64 Total taxes, surcharges, pass-through withholding, and penalty. Add Lines 62 and 63. 64 00
Step 9: Figure your refund or balance due
65 Payments. See instructions.
a Credit from previous overpayments. 65a 00
b Total payments made before the date this return is filed. 65b 00
c Pass-through withholding reported to you.
Attach Schedule(s) K-1-P or K-1-T. 65c 00
d Illinois income tax withholding. Attach Form(s) W-2G. 65d 00
66 Total payments. Add Lines 65a through 65d. 66 00
67 Overpayment. If Line 66 is greater than Line 64, subtract Line 64 from Line 66. 67 00
68 Amount to be credited forward. See instructions. 68 00
Check this box and attach a detailed statement if this carryforward is going to a different FEIN.
69 Refund. Subtract Line 68 from Line 67. This is the amount to be refunded. 69 00
70 Complete to direct deposit your refund
Routing Number Checking or Savings
Account Number
71 Tax Due. If Line 64 is greater than Line 66 subtract Line 66 from Line 64. This is the amount you owe. 71 00
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 authorized officer 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 ( )
If a payment is enclosed, mail your Form IL-1120-ST to: If a payment is not enclosed, mail your Form IL-1120-ST to:
Illinois Department of Revenue Illinois Department of Revenue
P.O. Box 19053 P.O. Box 19032
Springfield, IL 62794-9053 Springfield, IL 62794-9032
IL-1120-ST (R-12/23) Printed by the authority of the state of Illinois - electronic only - one copy. Page 3 of 5
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