Fillable Printable Form Il-1041 - Illinois Department Of Revenue

Form Il-1041 - Illinois Department Of Revenue

Illinois Department of Revenue Year ending

2016 Schedule NR

Nonresident Computation of Fiduciary Income

Month Year

Attach to your Form IL-1041

Step 1: Provide the following information

Enter your name as shown on your Form IL-1041. Enter your federal employer identiﬁcation no. (FEIN).

Step 2: Complete Form IL-1041

Complete Lines 1 through 26 of your Form IL-1041, Fiduciary Income and Replacement Tax Return, as if you were an Illinois

resident. Then, complete the remainder of this schedule. Attach Schedule NR to your Form IL-1041.

Step 3: Figure the Illinois portion of your federal taxable income

See instructions for Columns A, B, and C for each line item.

Check the box if you are making the A B C

Business Income Election. See instructions. U.S. Form 1041 Fiduciary’s Share Illinois Portion

1 Interest income 1a

2 Dividends 2a

2c 00

3 Business income or loss 3a

3c 00

4 Gain or loss on sales and exchanges 4a

5 Net rent and royalty income 5a

6 Income from partnerships and subchapter S corps 6a

7 Income from trusts and estates 7a

8 Real Estate Mortgage Investment Conduits (REMIC) 8a

9 Net farm income or loss 9a

10 Business property 10a

10b 00 10c

11 Other income 11a

11b 00 11c 00

12 Total income. Add Lines 1 through 11. 12a

12b 00 12c

13 Interest expense 13a

13b 00 13c 00

14 Taxes 14a

14b 00 14c

15 Fiduciary fees 15a

15b 00 15c 00

16 Charitable deduction 16a

16b 00 16c

17 Attorney, accountant, and preparer fees 17a

17b 00 17c

18 Other deductions (including taxes) 18a

18b

18c

19 Add Lines 13 through 18. 19a

19b 00 19c

20 Subtract Line 19 from Line 12. Adjusted total income or loss. 20a

20b 00 20c

21 Income distribution deduction 21a

22 Subtract Line 21a from Line 20a. See instructions. 22a

22b

22c

23 Federal estate tax 23b 00 23c

24 Exemption 24b 00 24c

25 Add Lines 23 and 24. 25b 00 25c

26 Subtract Line 25 from Line 22. This is your taxable income. 26b 00 26c

Column B, Line 26, is your federal taxable income as shown on your federal Form 1041, Line 22.

Column C, Line 26, is your Illinois portion of your federal taxable income.

IL-1041 Schedule NR front (R-12/16)

IL Attachment No. 2

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27 Enter the amount from Column C, Line 26. 27

Step 4: Figure your Illinois additions and subtractions A B

In Column A, enter the total amounts from your Form IL-1041, Column B. Form IL-1041

You must read the instructions for Column B to properly complete this step.

Fiduciary Share Illinois Portion

28 Federal net operating loss deduction (Form IL-1041, Line 2) 28a

28b

29 Taxable income of ESBT (Form IL-1041, Line 3) 29a

29b

30 Exemption claimed on U.S. Form 1041, Line 20 (Form IL-1041, Line 4) 30a

30b

31 Illinois income and replacement tax and surcharge deducted (Form IL-1041, Line 5b) 31a

31b

32 State, municipal, and other interest income (Form IL-1041, Line 6b) 32a 00 32b

33 Illinois Special Depreciation addition (Form IL-1041, Line 7b) 33a 00 33b

34 Related-party expenses additions (Form IL-1041, Line 8b) 34a

34b

35 Distributive share of additions (Form IL-1041, Line 9b) 35a

35b

36 Other additions (Form IL-1041, Line 10b) 36a

36b

37 Add Column B, Lines 27 through 36. This is the Illinois portion of your total income. 37

38 August 1, 1969 valuation limitation amount (Form IL-1041, Line 13b) 38a

38b

39 Payments from certain retirement plans (Form IL-1041, Line 14b) 39a

39b

40 Interest income from U.S. Treasury and other exempt

federal obligations (Form IL-1041, Line 15b)

40a

40b

41 Retirement payments to retired partners (Form IL-1041, Line 16b) 41a

41b

42 River Edge Redevelopment Zone Dividend subtraction (Form IL-1041, Line 17b) 42a 00 42b

43 High Impact Business Dividend subtraction (Form IL-1041, Line 18b) 43a 00 43b

44 Contributions to certain job training projects (Form IL-1041, Line 19b) 44a 00 44b

45 Illinois Special Depreciation subtraction (Form IL-1041, Line 20b) 45a

45b

46 Related-party expenses subtraction (Form IL-1041, Line 21b) 46a

46b

47 Distributive share of subtractions (Form IL-1041, Line 22b) 47a

47b

48 ESBT loss amount (Form IL-1041, Line 23b) 48a

48b

49 Other subtractions (Form IL-1041, Line 24b) 49a

49b

50 Add Column B, Lines 38 through 49. This is the total of your Illinois subtractions. 50

Step 5: Figure your standard exemption

51 Illinois base income or net loss. Subtract Line 50 from Line 37.

Enter this amount on your Form IL-1041, Line 27.

If Line 51 is zero or a negative number, skip Lines 52 and 53, and enter “0” on Line 54. 51 00

52 Enter the base income from Form IL-1041, Line 26.

If Line 52 is zero, or a negative number, skip Line 53 and enter $1,000 on Line 54. If

you are a short-year ﬁler and Line 52 is zero or a negative number, see instructions.

52 00

53 Divide Line 51 by Line 52. This ﬁgure cannot be greater than “1” (carry to six decimal

places).

54 Standard exemption. Multiply Line 53 by $1,000. Short-year ﬁlers, see instructions.

Enter this amount on your Form IL-1041, Line 31. 54

Step 6: Figure your business income apportionment factor

1 Total sales everywhere. This amount cannot be negative. 1

2 Total sales inside Illinois. This amount cannot be negative. 2

3 Divide Line 2 by Line 1. (Carry to six decimal places.) This is your apportionment factor. 3

IL-1041 Schedule NR back (R-12/16)

This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this

information is REQUIRED. Failure to provide information could result in a penalty.

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