Instructions For Schedule K-1-P(2) - Illinois Partner'S And Shareholder'S Page 5

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Include the amount from Line 39 on your Schedule 1299-B,
Line 39 -
Line 40 -
Step 1, Line 2.
Nonresidents: Include the amount from Column B on your Form
IL-1041, Schedule NR, Step 4, Column B, Line 43.
Include the amount from Line 40 on your Schedule 1299-B,
Line 40 -
Step 1, Line 5.
Residents claiming credit for taxes paid in other states: Subtract the
amount in Column B from the amount in Column A, and enter the result
Column B - Illinois share —
on your Form IL-1041, Schedule CR, Step 3, Column B, Line 41.
If the partnership that completed the Schedule K-1-P entered
Step 6 - Your share of the Illinois August 1, 1969,
“investment partnership” in Step 1, Line 4, Column B should be blank.
appreciation amounts —
Do not use the Column B instructions for this step. Instead, refer to the
instructions under General Information, “What if the partnership is an
Column A - Member’s share —
investment partnership?”
Include the amount from Line 48 on your Form IL-1041,
Line 48 -
Add Lines 32 through 37 for both Column A
Lines 32 through 37 -
Schedule F, Column K, Line 2.
and Column B.
Include the amount from Line 49 on your Form IL-1041,
Line 49 -
Column A
Column B
Schedule F, Column L, Line 2.
Line 32
______________
______________
Line 33
______________
______________
Include the amount from Line 51 on your Form IL-1041,
Line 51 -
Line 34
______________
______________
Schedule F, Column M, Line 2.
Line 35
______________
______________
Column B - Illinois share —
Line 36
______________
______________
Line 37
______________
______________
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
Total
the Column B instructions for this step. Instead, refer to the instructions
Nonresidents: Include the total amount from Column B on your Form
under General Information, “What if the partnership is an investment
IL-1041, Schedule NR, Step 4, Column B, Line 35.
partnership?”
Residents claiming credit for taxes paid in other states: Subtract
Enter the amounts from Columns A and B.
Lines 48, 49, and 51 -
the total amount in Column B from the total amount in Column A, and
enter the result on your Form IL-1041, Schedule CR, Step 3, Column B,
Column A
Column B
Line 48
______________
______________
Line 32.
Line 49
______________
______________
Add Lines 38a, 38b, and 41
Lines 38a, 38b, and 41 through 47 -
Line 51
______________
______________
through 47 for both Column A and Column B.
______________
______________
Total
Column A
Column B
Nonresidents: Add Lines 48, 49 and 51, Column B. Include the total
Line 38a
______________
______________
amount as a subtraction on your Form IL-1041, Schedule NR, Step 4,
Line 38b
______________
______________
Column B, Line 38.
Line 41
______________
______________
Line 42
______________
______________
Residents claiming taxes paid in other states: Subtract the total
amount in Column B from the total amount in Column A, and include the
Line 43
______________
______________
result on your Form IL-1041, Schedule CR, Step 3, Column B, Line 36.
Line 44
______________
______________
Line 45
______________
______________
Step 7 - Your share of Illinois credits, recapture,
Line 46
______________
______________
pass-through withholding payments, and federal
Line 47
______________
______________
income subject to surcharge —
If the partnership or S
______________
______________
Total
corporation has passed through to you any credit, recapture amounts,
Nonresidents: Include the total amount from Column B on your Form
income tax payments made on your behalf, or federal income subject
IL-1041, Schedule NR, Step 4, Column B, Line 47.
to surcharge on Lines 52a through 55, see the specific instructions for
Step 7 at the end of these instructions for more information.
Residents claiming credit for taxes paid in other states: Subtract
the total amount in Column B from the total amount in Column A, and
enter the result on your Form IL-1041, Schedule CR, Step 3, Column B,
Line 45.
Line 39 -
Nonresidents: Include the amount from Column B on your Form
IL-1041, Schedule NR, Step 4, Column B, Line 42
.
Residents claiming credit for taxes paid in other states: Subtract the
amount in Column B from the amount in Column A, and enter the result
on your Form IL-1041, Schedule CR, Step 3, Column B, Line 40.
Page 5 of 10
Schedule K-1-P(2) (R-12/14)

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