Instructions For Schedule K-1-P(2) - Illinois Partner'S And Shareholder'S Page 8
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10Enter the total of any business amounts
Total of nonbusiness amounts from
Business amounts -
A
from Column A, Lines 32 through 37 and 38a through 47 (excluding
Column B, Lines 32 through 37.
______________
Line 38b).
Total of nonbusiness amounts from
B
Column B, Lines 38b through 47.
______________
Total of business amounts from
A
Column A, Lines 32 through 37.
______________
Subtract Line B from Line A.
______________
C
Total of business amounts from Column A,
B
Include the total amount from Line C in the total amount reported on
Lines 38a through 47 (excluding Line 38b). ______________
your Schedule NB.
Subtract Line B from Line A.
______________
C
Enter the total of any business amounts
Business amounts -
Include the total amount from Line C in the total amount reported on
from Column B, Lines 32 through 37 and 38a through 47 (excluding
Step 4, Line 25, of your Form IL-1120.
Line 38b).
Total of business amounts from
A
Column B - Illinois share —
Column B, Lines 32 through 37.
______________
If the partnership that completed the Schedule K-1-P entered “investment
Total of business amounts from Column B,
B
partnership” in Step 1, Line 4, Column B should be blank. Do not use
Lines 38a through 47 (excluding Line 38b). ______________
the Column B instructions for this step. Instead, refer to the instructions
Subtract Line B from Line A.
______________
C
under General Information, “What if the partnership is an investment
partnership?”
Include the total amount from Line C in the total amount reported on
Step 4, Line 33, of your Form IL-1120.
Lines 32 through 47
-
Step 7 - Your share of Illinois credits, recapture,
Enter the total of any nonbusiness
Nonbusiness amounts -
amounts from Column B, Lines 32 through 37 and 38b through 47
pass-through withholding payments, and federal
(do not include amounts from Line 38a).
income subject to surcharge —
If the partnership or S
corporation has passed through to you any credit, recapture amounts,
income tax payments made on your behalf, or federal income subject
to surcharge on Lines 52a through 55, see the specific instructions for
Step 7 at the end of these instructions for more information.
Step-by-Step Instructions
for exempt organizations filing Form IL-990-T
Total of business amounts from
Step 4 - Your share of business income or loss —
A
Column A, Lines 32 through 37.
______________
Column A - Member’s share —
See General Information.
Total of business amounts from Column A,
B
Column B - Illinois share —
Step 4 represents your share of
Lines 38a through 47 (excluding Line 38b). ______________
the partnership’s or the S corporation’s business income apportioned to
Subtract Line B from Line A.
______________
C
Illinois. The following instructions explain what lines to add together and
Include the total amount from Line C in the total amount reported on
on what line of your form or schedule these totals are to be included.
Step 3, Line 4, of your Form IL-990-T.
If the partnership that completed the Schedule K-1-P entered “investment
Column B - Illinois share —
partnership” in Step 1, Line 4, Column B should be blank. Do not use
the Column B instructions for this step. Instead, refer to the instructions
(excluding Line 38b) -
Lines 32 through 47
under General Information, “What if the partnership is an investment
Enter the total of any business amounts
partnership?”
Business amounts -
from Column B, Lines 32 through 37 and 38a through 47 (excluding
Include the amounts in Step 4, Column A
Lines 20 through 31 -
Line 38b).
in the total amount you report on your Form IL-990-T, Step 3, Line 4.
Total of business amounts from
Include the amounts in Step 4, Column B in the total amount you report
A
Column B, Lines 32 through 37.
______________
on your Form IL-990-T, Step 3, Line 10.
Total of business amounts from Column B,
B
Step 5 - Your share of Illinois additions and
Lines 38a through 47 (excluding Line 38b). ______________
subtractions —
Subtract Line B from Line A.
______________
C
Column A - Member’s share of business
Include the total amount from Line C in the total amount reported on
amounts —
Step 3, Line 10, of your Form IL-990-T.
(excluding Line 38b) -
Lines 32 through 47
Enter the total of any business amounts
Business amounts -
from Column A, Lines 32 through 37 and 38a through 47 (excluding
Line 38b).
Schedule K-1-P(2) (R-12/14)
Page 8 of 10
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