2014 Schedule NR for Form IL-1041

Use your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes.
Illinois Department of Revenue Year ending
Nonresident Computation of Fiduciary Income
MonthYear
2014 Schedule NR
IL Attachment No. 2
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 Business Income Election. See instructions.
1 Interest income
ABC
U.S. Form 1041
Fiduciary’s Share
Illinois Portion
1a
00 1b
00
1c
00
2Dividends
2a
00 2b
00
2c
00
3 Business income or loss
3a
00 3b
00
3c
00
4 Gain or loss on sales and exchanges 4a
00 4b
00
4c
00
5 Net rent and royalty income
5a
00 5b
00
5c
00
6 Income from partnerships and subchapter S corps
6a
00 6b
00
6c
00
7 Income from trusts and estates
7a
00 7b
00
7c
00
8 Real Estate Mortgage Investment Conduits (REMIC)
8a
00 8b
00
8c
00
9 Net farm income or loss
9a
00 9b
00
9c
00
10 Business property
10a
00 10b
00 10c
00
11 Other income
11a
00 11b
00 11c
00
12 Total income. Add Lines 1 through 11. 12a
00 12b
00 12c
00
13 Interest expense
13a
00 13b
00 13c
00
14Taxes
14a
00 14b
00 14c
00
15 Fiduciary fees
15a
00 15b
00 15c
00
16 Charitable deduction 16a
00 16b
00 16c
00
17 Attorney, accountant, and preparer fees
17a
00 17b
00 17c
00
18 Other deductions (including taxes)
18a
00 18b
00 18c
00
19 Add Lines 13 through 18.
19a
00 19b
00 19c
00
20 Subtract Line 19 from Line 12. Adjusted total income or loss. 20a
00 20b
00 20c
00
21 Income distribution deduction
21a
00
22 Subtract Line 21a from Line 20a. See instructions.
22a
00 22b
00 22c
00
23 Federal estate tax 23b
00 23c
00
24Exemption
24b
00 24c
00
25 Add Lines 23 and 24. 25b
00 25c
00
26 Subtract Line 25 from Line 22. This is your taxable income.
26b
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.
00 26c
00
IL-1041Schedule NR front (R-12/14)
*463801110*
*463802110*
27 Enter the amount from Column C, Line 26.
27
00
Step 4: Figure your Illinois additions and subtractions
A
Form IL-1041
Fiduciary Share
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.
B
Illinois Portion
28 Federal net operating loss deduction (Form IL-1041, Line 2)
28a
00 28b
00
29 Taxable income of ESBT (Form IL-1041, Line 3)
29a
00 29b
00
30a
00 30b
00
31 Illinois income and replacement tax and surcharge deducted (Form IL-1041, Line 5b) 31a
00 31b
00
32 State, municipal, and other interest income (Form IL-1041, Line 6b)
32a
00 32b
00
33 Illinois Special Depreciation addition (Form IL-1041, Line 7b)
33a
00 33b
00
34 Related-party expenses additions (Form IL-1041, Line 8b)
34a
00 34b
00
35 Distributive share of additions (Form IL-1041, Line 9b)
35a
00 35b
00
36 Other additions (Form IL-1041, Line 10b)
36a
00 36b
00
30 Exemption claimed on U.S. Form 1041, Line 20 (Form IL-1041, Line 4)
37 Add Column B, Lines 27 through 36. This is the Illinois portion of your total income.
38 August 1, 1969 valuation limitation amount (Form IL-1041, Line 13b)
37 00
38a
00 38b
00
39 Payments from certain retirement plans (Form IL-1041, Line 14b) 39a
00 39b
00
40 Interest income from U.S. Treasury and other exempt
federal obligations (Form IL-1041, Line 15b) 40a
00 40b
00
41 Retirement payments to retired partners (Form IL-1041, Line 16b) 41a
00 41b
00
42 River Edge Redevelopment Zone Dividend subtraction (Form IL-1041, Line 17b)
42a
00 42b
00
43 High Impact Business Dividend subtraction (Form IL-1041, Line 18b)
43a
00 43b
00
44 Contributions to certain job training projects (Form IL-1041, Line 19b) 44a
00 44b
00
45 Illinois Special Depreciation subtraction (Form IL-1041, Line 20b) 45a
00 45b
00
46 Related-party expenses subtraction (Form IL-1041, Line 21b) 46a
00 46b
00
47 Distributive share of subtractions (Form IL-1041, Line 22b) 47a
00 47b
00
48 ESBT loss amount (Form IL-1041, Line 23b)
48a
00 48b
00
49 Other subtractions (Form IL-1041, Line 24b)
49a 00 49b
00
50 Add Column B, Lines 38 through 49. This is the total of your Illinois subtractions.
50
00
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
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
00
Step 5: Figure your standard exemption
51 Illinois base income or net loss. Subtract Line 50 from Line 37.
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.
52
53 Divide Line 51 by Line 52. This figure cannot be greater than “1” (carry to six decimal
places).
53
00
Step 6: Figure your business income apportionment factor
1 Total sales everywhere. This amount cannot be negative.
1
00 2 Total sales inside Illinois. This amount cannot be negative.
2
00
3 Divide Line 2 by Line 1. (Carry to six decimal places.) This is your apportionment factor. 3
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.
Reset
Print
IL-1041Schedule NR back (R-12/14)