ILLINOIS DEPARTMENT OF REVENUE 

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

                    Illinois Department of Revenue                                                                                                                       
                                                                                                             *33012221V*                                                      Year ending
                   Schedule K-1-P                                              _____  _____
                  Partner’s or Shareholder’s Share of Income, Deductions, Credits, and Recapture Month      Year                                                                                              
                            To be completed by partnerships filing Form IL-1065 or S corporations filing Form IL-1120-ST.                                                         IL Attachment No. 12
                             Partners and Shareholders receiving Schedule K-1-P should attach this to their Illinois tax return. 

Step 1:  Identify your partnership or S corporation 
  1      Check your business type          partnership      S corporation                                3  ____   ____   -   ____   ____   ____   ____   ____   ____   ____ 
                                                                                                           Enter your federal employer identification number (FEIN).
 2  ___________________________________________________  4                                                 Enter the apportionment factor from Form IL-1065 or Form
         Enter your name as shown on your Form IL-1065 or Form IL-1120-ST.                                   IL-1120-ST, Line 42. Otherwise, enter “1.” _________________ 

Step 2:  Identify your partner or shareholder 
  5   ___________________________________________________                                                9a  Check the appropriate box. See instructions.
         NameTENTATIVE           individual                 corporation                                                                                               FINAL       trust
 6  ___________________________________________________                                                       partnership               S corporation             estate
         Mailing address                                                                                                             
   ___________________________________________________                                                   9b                       To be completed by the recipient on Line 5 only.    
         City                                                                     State              ZIP
                                                                                                           I am a:         grantor trust              disregarded entity
  7  ___________________________________________________                                                     and the amounts on this schedule will be reported by:
         Social Security number or FEIN                                                                    Name:_______________________________________________
                                                                                                            
 8  _________________________                                                                                SSN or FEIN:   ________________________________________
         Share (%)

Step 3:  Figure your partner’s or shareholder’s share of your nonbusiness income or loss 
                                                                                                                                         A                                            B
                                                                                                                 Member’s share                                               Member’s share 
                                                                                                                 (See instructions.)                                          allocable to Illinois
 10  Interest                                                                                            10  _________________________                               _________________________
 11  Dividends                                                                                           11  _________________________                               _________________________
 12  Rental income                                                                                       12  _________________________                               _________________________ 
 13      Patent royalties                                                                                13  _________________________                               _________________________
 14  Copyright royalties                                                                                 14  _________________________                               _________________________
 15  Other royalty income                                                                                15  _________________________                               _________________________
 16  Capital gain or loss from real property                                                             16  _________________________                               _________________________
 17  Capital gain or loss from tangible personal property                                                17  _________________________                               _________________________
 18  Capital gain or loss from intangible personal property                                              18  _________________________                               _________________________
 19  Other income and expense ____________________________                                               19  _________________________                               _________________________
                                   Specify
 
Step 4:  Figure your partner’s or shareholder’s share of your business income or loss
                                                                                                                                         A                                            B
                                                                                                                 Member’s share 
                                                                                                              from U.S. Schedule K-1,                                         Member’s share 
                                                                                                             less nonbusiness income                                       apportioned to Illinois
 20  Ordinary income or loss from trade or business activity                                             20  _________________________                               _________________________
 21  Net income or loss from rental real estate activities                                               21  _________________________                               _________________________
 22  Net income or loss from other rental activities                                                     22  _________________________                               _________________________
 23  Interest                                                                                            23  _________________________                               _________________________
 24  Dividends                                                                                           24  _________________________                               _________________________
 25  Royalties                                                                                           25  _________________________                               _________________________
 26  Net short-term capital gain or loss                                                                 26  _________________________                               _________________________ 
 27  Net long-term capital gain or loss. Total for year.                                                 27  _________________________                               _________________________
 28  Unrecaptured Section 1250 gain                                                                      28  _________________________                               _________________________
 29  Guaranteed payments to partner (U.S. Form 1065 only)                                                29  _________________________                               _________________________
 30  Net Section 1231 gain or loss (other than casualty or theft).
     Total for year.                                                                                     30  _________________________                               _________________________
 31  Other income and expense ____________________________                                               31  _________________________                               _________________________
                                   Specify
                                                                                                           This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this    
         Schedule K-1-P Front (R-12/22)                                                                    information is REQUIRED. Failure to provide this information could result in a penalty.     

        Enter identification number from Line 7.
        _______________________________                                                    *33012222V*
Step 5:    Figure your partner’s or shareholder’s share of Illinois additions and subtractions
K-1-P Recipient: Before using the information provided in Step 5, you must read 
Schedule K-1-P(2) to correctly report the amounts listed in Columns A and B.                       A                                                    B
                                                                                            Member’s share from                  Member’s share apportioned or
       Additions                                                                           Form IL-1065 or IL-1120-ST            allocated to Illinois 
 32  Federally tax-exempt interest income                                                32_________________________               _________________________
   33  Illinois taxes and surcharge deducted. See instructions.                     33     _________________________       _________________________
 34  Illinois Special Depreciation addition                                   34           _________________________               _________________________
 35  Related-Party Expenses addition                                          35  _________________________                        _________________________
 36  Distributive share of additions                                          36  _________________________                        _________________________
 37  Other additions (from Illinois Schedule M for businesses)                37  _________________________                        _________________________
     Subtractions
 38  a   Interest from U.S. Treasury obligations (business income)            38a _________________________                        _________________________
     b  Interest from U.S. Treasury obligations (nonbusiness income)  38b _________________________                                _________________________
 39  RiverTENTATIVEEdge Redevelopment Zone Dividend subtraction               39  _________________________                        _________________________FINAL
 40    High Impact Business Dividend subtraction                              40  _________________________                        _________________________
 41  Contribution subtraction (Form IL-1120-ST filers only)                   41  _________________________                        _________________________
 42    River Edge Redevelopment Zone Interest subtraction
     (Form IL-1120-ST financial organizations only)                           42  _________________________                        _________________________
 43      High Impact Business within a Foreign Trade Zone Interest 
     subtraction (Form IL-1120-ST financial organizations only)               43  _________________________                        _________________________
 44  Illinois Special Depreciation subtraction                                44  _________________________                        _________________________
 45  Related-Party Expenses subtraction                                       45  _________________________                        _________________________
 46  Distributive share of subtractions                                       46  _________________________                        _________________________
 47  Other subtractions (from Illinois Schedule M for businesses)             47  _________________________                        _________________________
 
Step 6:  Figure your partner’s or shareholder’s (except a corporate partner or shareholder)                                                                           
            share of your Illinois August 1, 1969, appreciation amounts 
                                                                                                   A                                                    B             
                                                                                           Member’s share from Illinois          Member’s share apportioned or 
                                                                               Schedule F (Form IL-1065 or IL-1120-ST)           allocated to Illinois 
 48    Section 1245 and 1250 gain                                             48  _________________________                      _________________________ 
 49    Section 1231 gain                                                      49  _________________________                      _________________________ 
 50  Section 1231 gain less casualty and theft gain. See instructions.        50  _________________________                      _________________________
 51  Capital gain                                                             51  _________________________                      _________________________

Step 7:  Figure your partner’s or shareholder’s share of your Illinois credits, recapture,                                                                            
                pass-through withholding, pass-through entity tax credit, and federal income subject to  
                surcharge                                               Member’s share                                                                  Member’s                 share
                                                  Credit                 from Illinois tax                                                              from                           Illinois tax 
52 Illinois Income Tax Credits                    Code                   return                                                                             return  
a Film Production Services                        5000    52a  _____________               53 Other credits
b Enterprise Zone Investment                      5080    52b           _____________       a  Pass-through Entity (PTE) Tax Credit                                   
c  Enterprise Zone Construction Jobs              5120    52c           _____________          See instructions.                                  53a _____________
d  High Impact Business Construction Jobs 5160            52d           _____________      b   Replacement Tax Investment Credits                                     
e Affordable Housing Donations                    5260    52e           ____________           See instructions.                                  53b _____________
f  EDGE                                           5300    52f           _____________      54 Recapture                                              
g  New Construction EDGE                          5320    52g           _____________      a   Enterprise Zone or River Edge 
                                                                                               Redevelopment Zone 
h  Research and Development                       5340    52h           _____________          Investment Credit recapture                        54a _____________
i  Wages Paid to Ex-Felons                        5380    52i           _____________      b   REV Illinois Investment Credit
j  Student-Assistance Contributions               5420    52j           _____________          recapture                                          54b _____________
k Angel Investment                                5460    52k           _____________      c   Replacement Tax Investment Credit
l New Markets Development                         5500    52l           _____________          recapture                                          54c _____________
mRiver Edge Historic Preservation                 5540    52m  _____________               d   Additional income tax credit 
n River Edge Construction Jobs                    5560    52n  _____________                   recapture                                          54d _____________
o Live Theater Production                         5580    52o           _____________      55 Pass-through withholding
                                                                                               See instructions.                                  55 _____________
p Hospital                                        5620    52p           _____________      56 Federal income attributable to
q  Invest in Kids                                 5660    52q           _____________          transactions subject to the 
r  Data Center Construction Employment  5820              52r  _____________                   Compassionate Use of Medical 
s  Apprenticeship Education Expense               0160    52s  _____________                   Cannabis Program Act surcharge.  
t Historic Preservation                           1030    52t  _____________                   See instructions.                                  56 _____________
u  REV Illinois Investment                        5230    52u  _____________               57 Federal income attributable to the 
v  Agritourism Liability Insurance                5440    52v  _____________                   sale or exchange of assets by a 
w Recovery and Mental Health                      0180    52w  _____________                   gaming licensee surcharge.
                                                                                               See instructions.                                  57 _____________
x  Other income tax credits __________________            52x  _____________
        Schedule K-1-P Back (R-12/22)             Printed by the authority of the state of Illinois - electronic only - one copy.