Instructions For Schedule K-1-P(2) - Illinois Partner'S And Shareholder'S Page 3

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Add Lines 38a through 47 for both Column A
Nonresidents: The amounts reported in Column B need to be reported
Lines 38a through 47 -
and Column B.
on the corresponding lines of your Form IL-1040, Schedule NR,
Column B.
Column A
Column B
Line 38a
______________
______________
Residents claiming taxes paid in other states: Subtract the amounts
Line 38b
______________
______________
in Column B from the corresponding amounts in Column A, and include
Line 39
______________
______________
the results on the appropriate lines of your Form IL-1040, Schedule CR,
Line 40
______________
______________
Step 2, Column B.
Line 41
______________
______________
Step 5 - Your share of Illinois additions and
Line 42
______________
______________
subtractions —
Line 43
______________
______________
Line 44
______________
______________
Column A - Member’s share of additions —
Line 45
______________
______________
The amounts on these lines are reported
Line 46
______________
______________
Lines 32 through 37 -
in your Illinois base income by including them on your Form IL-1040,
Line 47
______________
______________
Schedule M, Other Additions and Subtractions for Individuals, Step 2,
______________
______________
Total
Line 2 (see Form IL-1040 instructions).
Nonresidents: Include the total amount from Column B on your
Form IL-1040, Schedule NR, Step 4, Column B, Line 44.
Column A - Member’s share of subtractions —
Add Step 5, Column A,
Residents claiming credit for taxes paid to other states: Subtract the
Line 38a
______________
total amount in Column B from the total amount in Column A, and enter
Line 38b
______________
the result on your Form IL-1040, Schedule CR, Step 3, Column B, Line
Line 41
______________
39.
Line 42
______________
Line 43
______________
Step 6 - Your share of the Illinois August 1, 1969,
Line 44
______________
appreciation amounts —
Line 45
______________
Line 46
______________
Column A - Member’s share —
Line 47
______________
______________
Total
Include the amount from Line 48 on your Form IL-1040,
Line 48 -
Enter the total on Form IL-1040, Schedule M, Other Additions and
Schedule F, Step 3, Column H, Line 6.
Subtractions for Individuals, Step 3, Line 13 (see Form IL-1040, Schedule
If Line 50 is blank, include the amount on Line 49
Lines 49 and 50 -
M Instructions).
on your Schedule F, Step 3, Column I, Line 6. Otherwise, skip Line 49
Include the amount from Line 39 on your Form IL-1040,
Line 39 -
and include the amount on Line 50 on your Form IL-1040, Schedule F,
Schedule 1299-C, Step 2, Line 2.
Step 3, Column I, Line 6.
Include the amount from Line 40 on your Form IL-1040,
Line 40 -
Include the amount from Line 51 on your Form IL-1040,
Line 51 -
Schedule 1299-C, Step 2, Line 5.
Schedule F, Step 2, Line 2.
Column B - Illinois share —
Column B - Illinois share —
If the partnership that completed the Schedule K-1-P entered “investment
If the partnership that completed the Schedule K-1-P entered “investment
partnership” in Step 1, Line 4, Column B should be blank. Do not use the
partnership” in Step 1, Line 4, Column B should be blank. Do not use
Column B instructions for this step. Instead, refer to the instructions under
the Column B instructions for this step. Instead, refer to the instructions
General Information, “What if the partnership is an investment partnership?”
under General Information, “What if the partnership is an investment
Add Lines 32 through 37 for both Column A and
Lines 32 through 37 -
partnership?”
Column B.
Enter the amounts from Columns A and B.
Lines 48 through 51 -
Column A
Column B
Line 32
______________
______________
If Line 50 is blank, add Lines 48, 49, and 51 for both Columns A and B.
Line 33
______________
______________
Otherwise, add Lines 48, 50, and 51.
Line 34
______________
______________
Column A
Column B
Line 35
______________
______________
Line 48
______________
______________
Line 36
______________
______________
Line 49
______________
______________
Line 37
______________
______________
Line 50
______________
______________
______________
______________
Total
Line 51
______________
______________
Nonresidents: Include the total amount from Column B on your
______________
______________
Total
Form IL-1040, Schedule NR, Step 4, Column B, Line 40.
Nonresidents: Include the total amount from Column B as a subtraction
Residents claiming credit for taxes paid in other states: Subtract the
on your Form IL-1040, Schedule NR, Step 4, Column B, Line 44.
total amount in Column B from the total amount in Column A, and enter
Residents claiming taxes paid in other states: Subtract the total
the result on your Form IL-1040, Schedule CR, Step 3, Column B, Line
amount in Column B from the total amount in Column A, and include the
35.
result on your Form IL-1040, Schedule CR, Step 3, Column B, Line 39.
Page 3 of 10
Schedule K-1-P(2) (R-12/14)

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