Instructions For Schedule K-1-P(2) - Illinois Partner'S And Shareholder'S Page 9
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10Step 7 - Your share of Illinois credits, recapture,
pass-through withholding payments, and federal
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.
Specific Instructions
for Step 7 - Your share of the Illinois credits, recapture,
pass-through withholding payments, and federal income
subject to surcharge
—
Line 52 - Illinois Credits
The following credits are available
For tax years ending on or after December 31, 2000,
for partnerships and S corporations to pass through to you.
partnerships and S corporations automatically pass these credits
through to their partners or shareholders that are subject to
Film Production Services Tax Credit
Line 52a -
replacement tax.
Enterprise Zone Investment Credit
Line 52b -
Your share of
Lines 53a, 53b, and 53c — Recapture —
River Edge Redevelopment Zone Investment Credit
Line 52c -
recapture is based on your share of the original investment credit.
Tax Credit for Affordable Housing Donations
Line 52d -
•
If you shared in the original credit and you are no longer a
partner or shareholder of the partnership or the S corporation in
Economic Development for a Growing Economy (EDGE)
Line 52e -
the year of recapture, Lines 53a, 53b, and 53c will be the only
Tax Credit
lines completed on this schedule.
Research and Development Credit
Line 52f -
•
If your share in the year of the original investment credit is
Ex-Felons Jobs Credit
Line 52g -
different from your share in the year of the recapture, Lines 53a,
53b, and 53c will be completed and the partnership or the S
Veterans Jobs Credit
Line 52h -
corporation will attach a sheet explaining the difference.
Student-Assistance Contribution Credit
Line 52i -
If recapture is reported to you for a particular investment credit, and
Angel Investment Credit
Line 52j -
you claimed the corresponding credit against your Illinois income or
New Markets Credit
Line 52k -
replacement tax liability in a previous year, you must file a completed
Illinois Income Tax return including Schedule 4255, Recapture of
River Edge Historic Preservation Credit
Line 52l -
Investment Tax Credits. Include the total amount from
Live Theater Production Credit
Line 52m -
•
Schedule K-1-P Lines 53a and 53b on Schedule 4255, Step 4,
Hospital Credit
Line 52n -
Line 15, and
Historic Preservation Credit
Line 52o -
•
Schedule K-1-P Line 53c on Schedule 4255 Step 5, Line 20.
Replacement Tax Investment Credit
Line 52p -
Use the chart below to include any credit amounts passed to you.
Include the amount from
Individuals: Report on
Trusts/Estates/Corporations/Exempt Orgs.: Partnerships/ S corporations:
Schedule K-1-P, Step 7,
Schedule 1299-C, Step 3,
Report on Schedule 1299-D, Step 1,
Report on Schedule 1299-A, Step 2,
Line
52a
Line
5
Line
5
Line
16b
52b
10
11
18
52c
13
16
21
52d
19
21
24
52e
16
24
27
52f
28
34
36
52g
34
42
39
52h
37
45
42
52i
40
48
45
52j
46
53
48
52k
43
56
51
52l
49
59
54
52m
52
62
57
52n
59
69
64
52o
63
73
67
52p
n/a
Form IL-477, Line 4
Form IL-477, Line 4
Page 9 of 10
Schedule K-1-P(2) (R-12/14)
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