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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 Discharge of indebtedness adjustment. Attach federal Form 982. 48 00 48 00
49 Adjusted base income or net loss. Add Lines 47 and 48. 49 00 49 00
50 Illinois net loss deduction. Attach Schedule NLD. 50 00 50 00
If Line 49 is zero or a negative amount, enter zero.
haveyou if TENTATIVE Check FINAL merged losses.statement thisa detailed box and attach
51 Net income. Subtract Line 50 from Line 49. 51 00 51 00
Step 8: Figure the taxes, surcharges, and pass-through withholding you owe
52 Replacement tax. Multiply Line 51 by 1.5% (.015). 52 00 52 00
53 Recapture of investment credits. Attach Schedule 4255. 53 00 53 00
54 Replacement tax before investment credits. Add Lines 52 and 53 . 54 00 54 00
55 Investment credits. Attach Form IL-477. 55 00 55 00
56 Net replacement tax. Subtract Line 55 from Line 54. If negative, enter zero. 56 00 56 00
57 Compassionate Use of Medical Cannabis Program Act surcharge. See instr. 57 00 57 00
58 Sale of assets by gaming licensee surcharge. See instructions. 58 00 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 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, surcharges, and pass-through withholding.
Add Lines 56, 57, 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
for the year being amended. See instructions. 66 00
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.
I stateperjury, of I havethat penalties thisexamined and complete. Step 10: Sign below - Under true,bestthe is myreturncorrect, of it and, to knowledge,
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 ( )
Mail this return to: Illinois Department of Revenue, P.O. Box 19016, Springfield, IL 62794-9016
IL-1120-ST-X (R-12/23) Page 3 of 5
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