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Illinois Department of Revenue
*32412231W*
2023 Form IL-1065
Partnership Replacement Tax Return
See “When should I file?” in the Form IL-1065 instructions for a list of due dates.
If this return is not for calendar year 2023, enter your fiscal tax year here. Enter the amount you are paying.
Tax year beginning month day 20year , ending month day 20year
This form is for tax years ending on or after December 31, 2023, and before December 31, 2024.
For all other situations, see instructions to determine the correct form to use. $
Step 1: Identify your partnership K Enter your federal employer identification number
A Enter your complete legal business name. (FEIN).
If you have a name change, check this box.
Name: L Check this box if you are a member of a
unitary business group and are included on a
B Enter your mailing address. Schedule UB, Combined Apportionment for Unitary
C/O: Business Group. Enter the FEIN of the member
Mailing address: who prepared the Schedule UB and attach it to this
City: State: ZIP: return.
C If this is the first or final return, check the applicable box(es).
First return M Enter your North American Industry Classification
System (NAICS) Code. See instructions.
Final return (Enter the date of termination. )
mm dd yyyy
N Enter the city, state, and zip code where your
D If this is a final return because you sold this business, enter the date sold
(mm dd yyyy) , and the new owner’s FEIN. accounting records are kept. (Use the two-letter
postal abbreviation, e.g., IL, GA, etc.)
E Apportionment Formulas. Check the appropriate box or boxes and City State ZIP
see Apportionment Formula instructions. O If you are making the business income election
Financial organizations Transportation companies to treat all nonbusiness income as business
Federally regulated exchanges Sales companies income, check this box and enter zero on
Lines 36 and 44.
F Check this box if you are: P If you have completed the following, check the box
classified as an investment partnership and attach the federal form(s) to this return.
classified as a publicly-traded partnership Federal Form 8886 Federal Sch. M-3,
G Check this box if you made an IRC § 761 election. Part II, Line 10
QCheck this box if you attached Form IL-4562.
H Check this box if you are a 52/53 week filer. Check this box if you attached Illinois
R
I Check this box if you elected to file and pay Pass-through Schedule M (for businesses).
Entity (PTE) Tax. See instructions. Check this box if you attached Schedule 80/20.
S
J If you are paying Pass-through Entity (PTE) Tax and you annualized your Check this box if you attached Schedule 1299-A.
T
income on Form IL-2220, check this box and attach Form IL-2220. U Check this box if your business activity is
protected under Public Law 86-272.
V Check this box if you attached the Subgroup
Schedule.
Step 2: Figure your ordinary income or loss (Whole dollars only)
1 Ordinary income or loss, or equivalent from federal Schedule K. 1 00
2 Net income or loss from all rental real estate activities. 2 00
3 Net income or loss from other rental activities. 3 00
4 Portfolio income or loss. 4 00
5 Net IRC Section 1231 gain or loss. 5 00
6 All other items of income or loss that were not included in the computation of income or loss on
Page 1 of U.S. Form 1065. See instructions. Identify: 6 00
7 Add Lines 1 through 6. This is your ordinary income or loss. 7 00
Step 3: Figure your unmodified base income or loss
8 Charitable contributions. 8 00
9 Expense deduction under IRC Section 179. 9 00
10 Interest on investment indebtedness. 10 00
11 All other items of expense that were not deducted in the computation of ordinary income or loss on
Attach your payment and Form IL-1065-V here. Page 1 of U.S. Form 1065. See instructions. Identify: 11 00
12 Add Lines 8 through 11. 12 00
13 Subtract Line 12 from Line 7. This amount is your total unmodified base income or loss. 13 00
This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this
IL-1065 (R-12/23) IR NS DR information is REQUIRED. Failure to provide information could result in a penalty. Page 1 of 5
