2015 Form IL-1041 Schedule CR, Credit for Tax Paid to Other States

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Illinois Department of Revenue
Credit for Tax
Attach to your Form IL-1041
Residents of Illinois Only
2015 Schedule
Year ending
Paid to
CR
Other States
MonthYear
Read this information first
You should file this schedule if
• you paid income tax to another state on income you earned while
you were a resident of Illinois; and
• you did not deduct any income tax paid to another state from federal
taxable income on U.S. Form 1041, Line 11, or you did deduct it from
federal taxable income, but you added it back on Illinois Schedule M,
Other Additions and Subtractions (for businesses), Line 5, and
• the base income subject to tax in another state is included in the
amount shown as Illinois base income (Form IL-1041, Line 26).
You should not file this schedule if
• you did not pay income tax to Illinois and another state on the
same income; or
IL Attachment No. 7
• you took a deduction on U.S. Form 1041, Line 11 for taxes paid
to another state, but did not add back this amount on Illinois
Schedule M, Line 5; or
• you are trying to take a credit for the Michigan Single Business
Tax.
For purposes of this schedule, “state” means any state of the United
States, the District of Columbia, the Commonwealth of Puerto
Rico, any territory or possession of the United States, or political
subdivision of any of these (e.g., county, city). The term “state” does
not refer to any foreign country.
If you have received any employee compensation (i.e.,
salary received as income in respect of a decedent) from a source in
Iowa, Kentucky, Michigan, or Wisconsin, refer to the instructions for
Form IL-1040 (Individual Income Tax Return), Schedule CR (Credit
for Taxes Paid to Other States) for rules concerning compensation in
states with reciprocal agreements.
Step 1: Provide the following information
Enter your name as shown on your Form IL-1041. Enter your federal employer identification number (FEIN).
Step 2: Figure the non-Illinois portions of your federal taxable income AB C
Fiduciary’s
Non-Illinois U.S. Form 1041
Share
Portion
1 Interest income
00 1b
1a
00 2b
2Dividends2a
00 3b
3 Business income or loss
3a
00 4b
4 Gain or loss on sales and exchanges 4a
00 5b
5 Net rent and royalty income or loss
5a
00 6b
6 Income or loss from partnerships and subchapter S corps
6a
00 7b
7 Income or loss from trusts and estates
7a
00 8b
8 Real Estate Mortgage Investment Conduits (REMIC)
8a
00 9b
9 Net farm income or loss
9a
00 10b
10 Business property gain or loss
10a
00 11b
11 Other income or loss
11a
12 Total income or loss. Add Column C, Lines 1 through 11. 1c
00 2c
00 3c
00
00
4c
5c
00 6c
00
00
00
7c
8c
9c
10c
11c
12 00
00
00
00
00
00
00
00 13b
00 13c
13a
00 14b
00 14c
14Taxes14a
00 15b
00 15c
15 Fiduciary fees15a
00 16b
00 16c
16 Charitable deduction 16a
00 17b
00 17c
17 Attorney, accountant, and preparer fees
17a
00 18b
00 18c
18 Other deductions (including taxes)
18a
00 19c
19 Federal estate tax 19b
00 20c
20Exemption
20b
21 Add Column C, Lines 14 through 19.
21
22 Enter your federal taxable income or loss from
00
U.S. Form 1041, Line 22.
22
23 Subtract Line 21 from Line 12. This is the non-Illinois
portion of your federal taxable income or loss.
23
00
00
00
00
00
00
00
00
13Interest
IL-1041 Schedule CR (R-12/15)
*532101110*
00
00
00
00
00
00
00
00
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Step 3: Figure your Illinois additions and subtractions
24 Enter the amount from Schedule CR, Step 2, Line 22 for Column A and Step 2, Line 23 for Column B. 24a
A
B
00 24b
00
In Column A, enter the total amounts from your Form IL-1041, Column B.
You must read the instructions for Column B to properly complete this step.
A
B
Form IL-1041 Non-Illinois
Fiduciary Share
Portion
25 Federal net operating loss deduction (Form IL-1041, Line 2)
25a
00 25b
26 Taxable income of ESBT (Form IL-1041, Line 3)
26a
00 26b
27a
00 27b
28 Illinois income and replacement tax and surcharge deducted (Form IL-1041, Line 5b) 28a
00 28b
29 State, municipal, and other interest income (Form IL-1041, Line 6b)
29a
00 29b
00
30 Illinois Special Depreciation addition (Form IL-1041, Line 7b)
30a
00 30b
00
31 Related-party expenses additions (Form IL-1041, Line 8b)
31a
00 31b
00
32 Distributive share of additions (Form IL-1041, Line 9b)
32a
00 32b
00
33 Other additions (Form IL-1041, Line 10b)
33a
00 33b
00
34 Total additions. Add Columns A and B, Lines 25 through 33. 34a
00 34b
00
35 Total income. Add Columns A and B, Line 24 and Line 34.
35a
00 35b
00
36 August 1, 1969, valuation limitation amount (Form IL-1041, Line 13b)
36a
00 36b
00
37 Payments from certain retirement plans (Form IL-1041, Line 14b) 37a
00 37b
38 Interest income from U.S. Treasury and other exempt
federal obligations (Form IL-1041, Line 15b) 38a
00 38b
00
39 Retirement payments to retired partners (Form IL-1041, Line 16b) 39a
00 39b
00
40 River Edge Redevelopment Zone Dividend subtraction (Form IL-1041, Line 17b)
40a
00 40b
00
41 High Impact Business Dividend subtraction (Form IL-1041, Line 18b)
41a
00 41b
00
42 Contributions to certain job training projects (Form IL-1041, Line 19b) 42a
00 42b
00
43 Illinois Special Depreciation subtraction (Form IL-1041, Line 20b) 43a
00 43b
00
44 Related-party expenses subtraction (Form IL-1041, Line 21b) 44a
00 44b
00
45 Distributive share of subtractions (Form IL-1041, Line 22b) 45a
00 45b
00
46 ESBT loss amount (Form IL-1041, Line 23b)
46a
00 46b
00
47 Other subtractions (Form IL-1041, Line 24b)
47a
00 47b
00
48 Total subtractions. Add Columns A and B, Lines 36 through 47. 48a
00 48b
00
49 Base income. Subtract Columns A and B, Line 48 from Line 35.
If Line 48 is larger than Line 35, enter zero.
49a
00 49b
00
27 Exemption claimed on U.S. Form 1041, Line 20 (Form IL-1041, Line 4)
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*532102110*
00
IL-1041 Schedule CR (R-12/15)
Step 4: Figure your Schedule CR decimal
50 Enter the amount from Schedule CR, Line 49, Column A and Column B.
A
50a
B
0050b
00
51 Divide Column B, Line 50 by Column A, Line 50 (carry to three decimal places). Enter the appropriate decimal. If Column B, Line 50 is greater than Column A, Line 50,
enter 1.000. Enter this amount on Step 5, Line 56.
51
Step 5: Figure your credit
52 Enter the total amount of income tax paid to other states on Illinois base income.
52
00
55 Add Line 53 and Line 54.
55
00
56 Enter the decimal amount from Line 51 here.
56
57 Multiply Line 55 by Line 56.
57
00
58 Compare the amounts on Lines 52 and 57. Enter the lesser amount here. 58
00
59
00
60
00
53 Trusts only: Enter your Illinois replacement tax due from Form IL-1041, Line 34.
53
00
54 Enter your Illinois income tax due from Form IL-1041, Line 42.
54
00
59 Compare the amounts on Lines 54 and 58. Enter the lesser amount here. This is your income tax credit for
income tax paid to another state. Enter this amount on Form IL-1041, Step 6, Line 45. 60 Trusts only: Subtract Line 59 from Line 58. If the amount is negative, enter “0.” This is your replacement tax
credit for income tax paid to another state. Enter this amount on Form IL-1041, Step 5, Line 37. Attach this schedule and a copy of your U.S. Form 1041, Page 1, with a detailed breakdown of the amount on
U.S. Form 1041, Line 11, to your Form IL-1041. Keep your out-of-state tax returns with your records.
You must send us this information if we request it.
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*532103110*
IL-1041 Schedule CR (R-12/15)
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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