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Illinois Department of Revenue
*33812231W* Year ending
2023 Schedule M
_____ _____
Other Additions and Subtractions (for businesses)
Month Year
For tax years ending on or after December 31, 2023.
Attach to your Form IL-1120, IL-1120-ST, IL-1065, or IL-1041. IL Attachment No. 15
Step 1: Provide the following information
–
Enter your name as shown on your tax return. Enter your federal employer identification number (FEIN).
Step 2: Figure your additions
Enter the amount of
1 Capital gain taxed under IRC Section 852(b)(3). 1 00
2 Notes, bonds, debentures, or obligations issued by the Governments of American Samoa,
Guam, the Northern Mariana Islands, Puerto Rico, or the Virgin Islands. 2 00
3 Lloyd’s plan of operation loss if reported on your behalf on Form IL-1065 and included in
your federal taxable income. 3 00
4 Business expense recapture. 4 00
5 Any other state’s income tax deducted from federal taxable income. (Form IL-1041 filers only) 5 00
6 Capital loss to be carried forward. (Form IL-1041 filers only) 6 00
7 Student-Assistance Contribution Credit taken on Schedule 1299-A or 1299-D. 7 00
8 Dividends paid by a captive REIT. 8 00
9 Deduction allowed under IRC Section 250(a)(1)(A). (Form IL-1120 filers only) 9 00
10 Other additions - Identify each item. 10 00
11 Total additions.
Add Lines 1 through 10. Enter the amount here and on your Form IL-1120, Line 8,
Form IL-1120-ST, Line 21, Form IL-1065, Line 22 or Form IL-1041, Line 10. 11 00
Step 3: Figure your subtractions
Enter the amount of
12 Exempt interest dividends paid by regulated investment companies (IRC Section 852(b)(5)). 12 00
13 Notes, bonds, debentures, or obligations issued by the Governments of American Samoa,
Guam, the Northern Mariana Islands, Puerto Rico, or the Virgin Islands to t he extent the
amounts were required to be added back on Line 2. 13 00
14 Lloyd’s plan of operation income if reported on your behalf on Form IL-1065. 14 00
15 Income for which you claimed a credit under IRC Section 1341. 15 00
16 Expenses of federally tax-exempt income and federal credits. See instructions.
Specify any amount relating to the following:
a Interest expenses relating to municipal income (IRC Section 291) a 00
b Interest and other expenses related to federally tax-exempt
interest (IRC Section 265) b 00
c Bond premium amortization on federally tax-exempt bonds
(IRC Section 171) c 00
d Expenses related to certain federal credits (IRC Section 280C) d 00
e Change in insurance company reserves (IRC Section 807 or 832) e 00
f Reduction in depreciation related to railroad maintenance
credits (IRC Section 45G) f 00
g Gross income resulting from alternative energy credits
(IRC Section 87) g 00
17 Add Lines 16a through 16g. 17 00
18 Add Lines 12 through 15 and Line 17. Enter the amount here and on Line 19. 18 00
This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this
Schedule M (R-12/23) information is REQUIRED. Failure to provide information could result in a penalty. Page 1 of 3
