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 *32312221W* Year ending Schedule K-1-T Beneficiary’s Share of Income and Deductions ______ ______ Month Year To be completed by trusts or estates filing Form IL-1041. Beneficiaries receiving Schedule K-1-T should attach this form to their Illinois Tax Return. IL Attachment No. 13 Step 1: Identify your trust or estate 1 Check the appropriate box trust estate 3 ____ ____ - ____ ____ ____ ____ ____ ____ ____ Enter your federal employer identification number (FEIN). 2 ___________________________________________________ 4 Enter the apportionment factor from Step 6, Line 3, of Schedule NR Enter your name as shown on your Form IL-1041. Form IL-1041; otherwise, enter “1.” _________________________ Step 2: Identify your beneficiary 5 ___________________________________________________ 8a Check the appropriate box. See instructions. Name individual corporation trust 6 ___________________________________________________ partnership S corporation estate Mailing address 8b To be completed by the recipient on Line 5 only. ___________________________________________________ I am a: grantor trust disregarded entity City State ZIP and the amounts on this Schedule will be reported by 7 ___________________________________________________ Name:_____________________________________________ Social Security number or FEIN SSN or FEIN: ______________________________________ Step 3: Figure your beneficiary’s share of your nonbusiness income or loss A B Beneficiary’s share (see instructions) Illinois share 9 Interest 9 _________________________ _________________________ 10 Dividends 10 _________________________ _________________________ 11 Rental income 11 _________________________ _________________________ 12 Patent royalties 12 _________________________ _________________________ 13 Copyright royalties 13 _________________________ _________________________ 14 Other royalty income 14 _________________________ _________________________ 15 Capital gain or loss from real property 15 _________________________ _________________________ 16 Capital gain or loss from tangible personal property 16 _________________________ _________________________ 17 Capital gain or loss from intangible personal property 17 _________________________ _________________________ 18 Other income and expense _____________________________ 18 _________________________ _________________________ Specify Step 4: Figure your beneficiary’s share of your business income or loss (See instructions.) A B Beneficiary’s share from U.S. Schedule K-1, less nonbusiness income Illinois share 19 Interest 19 _________________________ _________________________ 20 Dividends 20 _________________________ _________________________ 21 Net short-term capital gain or loss 21 _________________________ _________________________ 22 Net long-term capital gain or loss (total for year) 22 _________________________ _________________________ 23 Annuities, royalties, and other nonpassive income or loss before directly apportioned deductions 23 _________________________ _________________________ 24 Directly apportioned deductions — Depreciation, depletion, and amortization 24 _________________________ _________________________ 25 Total annuities, royalties, and other nonpassive income or loss. Subtract Column A, Line 24 from Line 23. See Instructions. 25 _________________________ _________________________ 26 Trade or business, rental real estate, and other rental income or loss before directly apportioned deductions 26 _________________________ _________________________ 27 Directly apportioned deductions — Depreciation, depletion, and amortization 27 _________________________ _________________________ 28 Total trade or business, rental real estate, and other rental income or loss. Subtract Column A, Line 27 from Line 26. 28 _________________________ _________________________ 29 Other income and expense _____________________________ 29 _________________________ _________________________ Specify This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this Schedule K-1-T Front (R-12/22) information is REQUIRED. Failure to provide this information could result in a penalty. |
Enlarge image | Enter the beneficiary’s identification number from Line 7. *32312222W* _______________________________ Step 5: Figure your beneficiary’s share of your Illinois additions and subtractions K-1-T Recipient: Before using the information provided in Step 5, you must read A B Schedule K-1-T(2) to correctly report the amounts listed in Columns A and B.Beneficiary’s share from Form IL-1041 Illinois share Additions 30 Federally tax-exempt interest income 30 _________________________ _________________________ 31 Illinois taxes and surcharge deducted. See instructions. 31 _________________________ _________________________ 32 Illinois Special Depreciation addition 32 _________________________ _________________________ 33 Related-Party Expenses addition 33 _________________________ _________________________ 34 Distributive share of additions 34 _________________________ _________________________ 35 Other additions from Illinois Schedule M (for businesses) 35 _________________________ _________________________ Subtractions 36 a Interest from U.S. Treasury obligations included as business income 36a _________________________ _________________________ b Interest from U.S. Treasury obligations included as nonbusiness income 36b _________________________ _________________________ 37 Payment from certain retirement plans 37 _________________________ _________________________ 38 Retirement payments to retired partners 38 _________________________ _________________________ 39 River Edge Redevelopment Zone Dividend subtraction 39 _________________________ _________________________ 40 High Impact Business within a Foreign Trade Zone Dividend subtraction 40 _________________________ _________________________ 41 Contributions to certain job training projects 41 _________________________ _________________________ 42 Illinois Special Depreciation subtraction 42 _________________________ _________________________ 43 Related-Party Expenses subtraction 43 _________________________ _________________________ 44 Distributive share of subtractions 44 _________________________ _________________________ 45 Other subtractions from Illinois Schedule M (for businesses) 45 _________________________ _________________________ Step 6: Figure your beneficiary’s (except a corporate beneficiary) share of your Illinois August 1, 1969, appreciation amounts A B Beneficiary’s share from Illinois Schedule F (Form IL-1041) Illinois share 46 Section 1245 and 1250 gain 46 _________________________ _________________________ 47 Section 1231 gain 47 _________________________ _________________________ 48 Capital gain 48 _________________________ _________________________ Step 7: Figure your beneficiary’s share of pass-through withholding, pass-through entity tax credit, and federal income subject to surcharge 49 Pass-through withholding made on behalf of your nonresident beneficiary. See instructions before completing. 49 _________________________ 50 Pass-through entity (PTE) tax credit received. See instructions. 50 _________________________ 51 Federal income attributable to transactions subject to the Compassionate Use of Medical Cannabis Program Act surcharge. See instructions. 51 _________________________ 52 Federal income attributable to the sale or exchange of assets by a gaming licensee surcharge. See instructions. 52 _________________________ Schedule K-1-T Back (R-12/22) Printed by the authority of the state of Illinois - electronic only - one copy. Reset Print |