Enlarge image | 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 *63612221W* 2022 Form IL-1041 Fiduciary Income and Replacement Tax Return Due on or before the 15th day of the 4th month following the close of the tax year. If this return is not for calendar year 2022, enter your fiscal tax year here. Enter the amount you are paying. Tax year beginning 20 , ending 20 month day year month day year This form is for tax year ending on or after December 31, 2022, and before December 31, 2023. $ For all other situations, see instructions to determine the correct form to use. Step 1: Identify your fiduciary G Enter your federal employer identification number A Enter your complete legal business name. (FEIN). If you have a name change, check this box. Name: H Check this box if you completed federal B Enter your mailing address. Form 8886 and attach a copy to this return. Check this box if either of the following apply: I Check this box if your residency is not in • this is your first return, or Illinois and you attached Illinois Schedule NR. • you have an address change. J Check this box if you attached Illinois C/O: Schedule 1299-D. Mailing address: K Check this box if you attached Form IL-4562. City: State: ZIP: L Check this box if you attached Illinois Schedule M (for businesses). C Check the box that identifies your fiduciary. Trust Estate MCheck this box if you attached Schedule 80/20. D Check the box if any of the following apply. (You may check multiple boxes.) N If you are making a discharge of indebtedness Electing small business trust (ESBT) Individual bankruptcy estate adjustment on Schedule NLD or Form IL-1041, Complex trust or estate without distributions Line 28, check this box, and attach federal E If this is the first or final return, check the applicable box(es). Form 982. First return O Check this box if you are a 52/53 week filer. Final return (Enter the date of termination. ) mm dd yyyy F Check your method of accounting. Cash Accrual Other Step 2: Figure your income or loss A B Beneficiaries Fiduciary (Whole dollars only) (Whole dollars only) 1 Federal taxable income from U.S. Form 1041, Line 23. 1 00 2 Federal net operating loss deduction from U.S. Form 1041, Line 15b. This amount cannot be negative. 2 00 3 Taxable income of ESBT, if required. See instructions. 3 00 4 Exemption claimed on U.S. Form 1041, Line 21. 4 00 5 Illinois income and replacement tax and surcharge deducted in arriving at Line 1. 5a 00 5b 00 6 State, municipal, and other interest income excluded from Line 1. 6a 00 6b 00 7 Illinois Special Depreciation addition. Attach Form IL-4562. 7a 00 7b 00 8 Related-Party Expenses addition. Attach Schedule 80/20. 8a 00 8b 00 9 Distributive share of additions. Attach Schedule(s) K-1-P or K-1-T. 9a 00 9b 00 10 Other additions. Attach Illinois Schedule M (for businesses). 10a 00 10b 00 11 Add Column B, Lines 1 through 10b. This amount is your income or loss. 11 00 Attach yourReport ColumnpaymentA, Lines 5a throughand10a,Formon ScheduleIL-1041-VK-1-T, Step 5.here . IR NS DR This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this IL-1041 (R-12/22) information is REQUIRED. Failure to provide information could result in a penalty. Page 1 of 5 |
Enlarge image | *63612222W* Step 3: Figure your base income or loss A B Beneficiaries Fiduciary 12 Enter the amount of your income or loss from Line 11. 12 00 13 August 1, 1969, valuation limitation amount. Attach Schedule F. 13a 00 13b 00 14 Payments from certain retirement plans. See instructions. 14a 00 14b 00 15 Interest income from U.S. Treasury and other exempt federal obligations. 15a 00 15b 00 16 Retirement payments to retired partners. 16a 00 16b 00 17 River Edge Redevelopment Zone Dividend subtraction. Attach Schedule 1299-B. 17a 00 17b 00 18 High Impact Business Dividend subtraction. Attach Schedule 1299-B. 18a 00 18b 00 19 Contributions to certain job training projects. See instructions. 19a 00 19b 00 20 Illinois Special Depreciation subtraction. Attach Form IL-4562. 20a 00 20b 00 21 Related-Party Expenses subtraction. Attach Schedule 80/20. 21a 00 21b 00 22 Distributive share of subtractions. Attach Schedule(s) K-1-P or K-1-T. 22a 00 22b 00 23 ESBT loss amount. See instructions. 23a 00 23b 00 24 Other subtractions. Attach Illinois Schedule M (for businesses). 24a 00 24b 00 25 Total subtractions. Add Column B, Lines 13b through 24b. 25 00 Report Column A, Lines 13a through 24a, on Schedule K-1-T, Step 5. 26 Base income or loss. Subtract Line 25 from Line 12. 26 00 If you are a nonresident of Illinois, complete Schedule NR; otherwise go to Step 4. Step 4: Figure your net income 27 Base income or net loss. Residents only: Enter the amount from Line 26. Nonresidents only: Enter the amount from Schedule NR, Line 51. 27 00 28 Discharge of indebtedness adjustment. Attach federal Form 982. See instructions. 28 00 29 Adjusted base income or net loss. Add Lines 27 and 28. 29 00 30 Illinois net loss deduction. If Line 29 is zero or a negative amount, enter zero. Attach Schedule NLD. 30 00 31 Standard exemption. Residents only: See instructions before completing. Nonresidents only: Enter the amount from Schedule NR, Line 54. 31 00 32 Add Lines 30 and 31. 32 00 33 Net Income. Subtract Line 32 from Line 29. If the amount is negative, enter zero. 33 00 Step 5: Figure your net replacement tax — For trusts only, estates go to Step 6 34 Replacement tax. Multiply Line 33 by 1.5% (.015). 34 00 35 Recapture of investment credits. Attach Schedule 4255. 35 00 36 Replacement tax before credits. Add Lines 34 and 35. 36 00 37 Replacement tax credit for income tax paid to another state while an Illinois resident. Attach Schedule CR and U.S. Form 1041, Page 1 and Line 11 breakdown. 37 00 38 Investment credits. Attach Form IL-477. 38 00 39 Total credits. Add Lines 37 and 38. 39 00 40 Net replacement tax. Subtract Line 39 from Line 36. If the amount is negative, enter zero. 40 00 Page 2 of 5 IL-1041 (R-12/22) |
Enlarge image | *63612223W* Step 6: Figure your net income tax — For trusts and estates 41 Enter the amount of your net income from Line 33. 41 00 42 Income tax. See instructions. 42 00 43 Recapture of investment credits. Attach Schedule 4255. 43 00 44 Income tax before credits. Add Lines 42 and 43. 44 00 45 Income tax credit for income tax paid to another state while an Illinois resident. Attach Schedule CR and U.S. Form 1041, Page 1 and Line 11 breakdown. 45 00 46 Income tax credits. Attach Schedule 1299-D. 46 00 47 Total credits. Add Lines 45 and 46. 47 00 48 Net income tax. Subtract Line 47 from Line 44. If the amount is negative, enter zero. 48 00 Step 7: Figure your refund or balance due 49 Trusts only: net replacement tax from Line 40. 49 00 50 Net income tax from Line 48. 50 00 51 Compassionate Use of Medical Cannabis Program Act surcharge. See instructions. 51 00 52 Sale of assets by gaming licensee surcharge. See instructions. 52 00 53 Pass-through withholding you owe on behalf of your members. Enter the amount from Schedule D, Section A, Line 3. See instructions. Attach Schedule D. 53 00 54 Total net income and replacement taxes, surcharges, and pass-through withholding you owe. Add Lines 49 through 53. 54 00 55 Payments. See instructions. a Credits from previous overpayments. 55a 00 b Total payments made before the date this return is filed. 55b 00 c Pass-through withholding reported to you. Attach Schedule(s) K-1-P or K-1-T. 55c 00 d Pass-through entity tax credit reported to you. Attach Schedule(s) K-1-P or K-1-T. 55d 00 e Illinois Income Tax withheld. Attach all W-2, W-2G, and 1099 forms. 55e 00 56 Total payments. Add Lines 55a through 55e. 56 00 57 Overpayment. If Line 56 is greater than Line 54, subtract Line 54 from Line 56. 57 00 58 Amount to be credited forward. See instructions. 58 00 Check this box and attach a detailed statement if this carryforward is going to a different FEIN. 59 Refund. Subtract Line 58 from Line 57. This is the amount to be refunded. 59 00 60 Complete to direct deposit your refund Routing Number Checking or Savings Account Number 61 Tax Due. If Line 54 is greater than Line 56, subtract Line 56 from Line 54. This is the amount you owe. 61 00 If you owe tax on Line 61, make an electronic payment at Tax.Illinois.gov. If you must mail your payment, complete a payment voucher, Form IL-1041-V. Write your FEIN, tax year ending, and “IL-1041-V” on your check or money order and make it payable to “Illinois Department of Revenue.” Attach your voucher and payment to the first page of this form. Enter the amount of your payment on the top of Page 1 in the space provided. Step 8: Sign below - Under penalties of perjury, I state that I have examined this return and, to the best of my knowledge, it is true, correct, and complete. Sign Check if the Department Here ( ) may discuss this return with the Signature of fiduciary Date (mm/dd/yyyy) Title Phone paid preparer shown in this step. Check if Paid Print/Type paid preparer’s name Paid preparer’s signature Date (mm/dd/yyyy) self-employed Paid Preparer’s PTIN Preparer Firm’s name Firm’s FEIN Use Only Firm’s address Firm’s phone ( ) If a payment is not enclosed, mail this return to: Illinois Department of Revenue, P.O. Box 19009, Springfield, IL 62794-9009 If a payment is enclosed, mail this return to: Illinois Department of Revenue, P.O. Box 19053, Springfield, IL 62794-9053 IL-1041 (R-12/22) Printed by the authority of the state of Illinois. Electronic only, one copy Page 3 of 5 |
Enlarge image | Illinois Department of Revenue Year ending *63712221W* 2022 Schedule D Beneficiary Information Month Year Attach this schedule to your Form IL-1041. IL Attachment No. 1 Enter your name as shown on your Form IL-1041. Enter your federal employer identification number (FEIN). Read this information first • You must read the Schedule D instructions and complete Schedule(s) K-1-T and Schedule(s) K-1-T(3) before completing this schedule. • You must complete Section B of Schedule D and provide all the required information for your beneficiaries before completing Section A of Schedule D. Failure to follow these instructions may delay the processing of your return or result in you receiving further correspondence from the Illinois Department of Revenue. You may also be required to submit further information to support your filing. Section A: Total beneficiaries’ information (from Schedule(s) K-1-T and Schedule D, Section B) Before completing this section you must first complete Schedule(s) K-1-T, Schedule(s) K-1-T(3) and Schedule D, Section B. You will use the amounts from those schedules when completing this section. Totals for resident and nonresident beneficiaries (from Schedule(s) K-1-T) 1 Enter the total of all nonbusiness income or loss you reported on Schedule(s) K-1-T for your beneficiaries. See instructions. 1 Totals for nonresident beneficiaries (from Schedule D, Section B) 2 Enter the total pass-through withholding you reported on all pages of your Schedule D, Section B, Line G for your a. nonresident individual beneficiaries. See instructions. 2a b. nonresident estate beneficiaries. See instructions. 2b c. partnership and S corporation beneficiaries. See instructions. 2c d. nonresident trust beneficiaries. See instructions. 2d e. C corporation beneficiaries. See instructions. 2e 3 Add Line 2a through Line 2e. This is the total pass-through withholding you owe on behalf of all your nonresident beneficiaries. This amount should match the total amount from Schedule D, Section B, Line G for all nonresident beneficiaries on all pages. Enter the total here and on Form IL-1041 (Form IL-1041-X), Line 53. See instructions. 3 4 Enter the total pass-through entity tax credit received and distributed on all pages of Schedule D, Section B, Line H. 4 Attach all pages of Schedule D, Section B behind this page. This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this Page 4 of 5 information is REQUIRED.Schedule D Front (R-12/22)IL-1041 (R-12/22) Failure to provide information could result in a penalty. |
Enlarge image | Illinois Department of Revenue 2022 Schedule D *63712222W* Enter your name as shown on your Form IL-1041. Enter your federal employer identification number (FEIN). Section B: Beneficiaries’ information (See instructions before completing.) Member 1 Member 2 Member 3 Member 4 A Name C/O Address 1 Address 2 City State, ZIP B Beneficary Type C SSN/FEIN D Beneficiary’s amount of base income or loss E Excluded from pass-through withholding F Share of Illinois income subject to pass-through withholding G Pass-through withholding amount before credits H PTE tax credit received and distributed to beneficiaries If you have more beneficiaries than space provided, attach additional copies of this page as necessary. ScheduleIL-1041D Back (R-12/22)(R-12/22) Printed by the authority of the state of Illinois. Electronic only, one copy. Page 5 of 5 Reset Print |