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Illinois Department of Revenue Year ending
Gains from Sales or Exchanges
Schedule F of Property Acquired Month Year
Attach to your Form IL-1120-ST Before August 1, 1969 IL Attachment No. 16

Enter your name as shown on your Form IL-1120-ST. Enter your federal employer identification number (FEIN).
You should file this schedule only if you reported gains from the disposition of property acquired before August 1, 1969, as shown on
U.S. Form 1120S, Schedule D (or U.S. Form 8949, if applicable), and U.S. Form 4797 or U.S. Form 6252. See instructions.
You must attach a copy of U.S. Form 1120S, Schedule D, and U.S. Form 4797, 6252, or 8949, if filed.
A B C D E F G
Section 1245 Section
Date acquired Date sold Federal gain or 1250 gain 1231 gain
Description of property (month/year) (month/year) this year (see instructions) (see instructions) Capital gain

1 a
b
c
d
H I J K L M
Subtract Col. I from Col. H Section 1231, 1245, Section 1231, 1245,
August 1, 1969, value Federal tax or fraction in and 1250 Gain and 1250 Gain Capital Gain
or applicable fraction basis on Col. H times Col. D Enter smaller of Subtract Col. K from Col. J Enter smaller of
(see instructions) August 1, 1969 (see instructions) Col. E or Col. J but not more than Col. F Col. G or Col. J

a
b
c
d
2 Enter your share of pre-August 1, 1969, appreciation amounts from
partnerships, trusts, and estates. 2
3 Enter the total of Column K here and on Schedule K-1-P, Step 6, Line 48, Col A. 3
4 Enter the total of Column L here and on Schedule K-1-P, Step 6, Line 49, Column A. 4
5 Enter the amount from Line 4 attributable to involuntary conversions by casualty and theft. 5
6 Subtract Line 5 from Line 4. Enter the result here and on Schedule K-1-P, Step 6, Line 50, Column A. 6
7 Enter the total of Column M here and on Schedule K-1-P, Step 6, Line 51, Column A. 7
Installment Sales
If, on your U.S. Form 1120S, Schedule D, U.S. Form 8949, or U.S. Form 4797, you reported gains from an installment sale of property acquired before
August 1, 1969, complete the Column J Worksheet. If, for federal tax purposes, you filed U.S. Form 6252 but were not required to file U.S Form 4797,
attach to your Schedule F: (1) a statement that you were not required to file U.S. Form 4797 and (2) a copy of the U.S. Form 6252 as filed.

Installment sales before August 1, 1969 Installment sales on or after August 1, 1969

Complete Schedule F Complete Schedule F
Columns A through C — Follow Schedule F Instructions. Columns A through I — Follow Schedule F Instructions.
Column D — Enter “INST” to indicate installment. Column J — Complete the worksheet on the next page and enter in
Columns E through J — Leave blank. this column the amount from Column 5 of the worksheet.
Column K — Enter the amount of Section 1245 or 1250 gain from
this sale reported this year on your U.S. Form 4797 or 6252. The heading for Column J does not describe this entry.
Column K through M — Follow Schedule F Instructions.
Column L — Enter the amount of Section 1231 gain from this sale
reported this year on your U.S. Form 4797 or 6252.
Column M — Enter the total amount of gain from this sale reported
this year on U.S. Form 1120S, Schedule D, or U.S. Form 8949.

This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this
Schedule F Front (IL-1120-ST) (R-12/19) information is REQUIRED. Failure to provide information could result in a penalty.

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Column J Worksheet

1 2 3 4 5
Column 1 times Column 2 or, Column 3 minus Column 4.
if Column 2 blank, Schedule F, Total gain reported If negative, enter zero.
Total gain Fraction Column H minus Column I in prior years Enter this amount in Column J.

a
b
c
d

Instructions for Column J Worksheet

For each installment sale after July 31, 1969, reported on Schedule F: Column 4 — Enter the total gain reported on federal income tax
returns in prior years.
Column 1 — Enter the total federal gain realized on the sale. This is
your entire gain and not just the amount of gain reported this year. Column 5 — Subtract Column 4 from Column 3. If the result is
negative, enter zero. Otherwise, enter the amount here and on
Column 2 — Enter the fraction, if any, entered on Schedule F, Schedule F, Column J.
Column H.

Column 3 — If you entered a fraction in Column 2 of this worksheet,
multiply Column 1 by that fraction. If Column 2 is blank, subtract
Column I from Column H on Schedule F and enter the amount in
Column 3.

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Schedule F Back (IL-1120-ST) (R-12/19) Printed by the authority of the state of Illinois - electronic only - one copy.

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