ILLINOIS DEPARTMENT OF REVENUE 

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IDR-1-DIS (N-08/23)          Printed by authority of State of Illinois, web only – one copy. 
 

                                                                                                   *32212191V*

          Illinois Department of Revenue                                    Gains from Sales or Exchanges                                               Year ending
                                                                                  of Property Acquired                                                                           
          Schedule F                                                                                                                                           Month       Year
          Attach to your Form IL-1041                                             Before August 1, 1969                                                    IL Attachment No. 16

Enter your name as shown on your Form IL-1041.                                                              Enter your federal employer identification number (FEIN).
            You should file this schedule only if you reported gains from the disposition of property acquired before August 1, 1969, as shown 
on U.S. Form 1041, Schedule D (or U.S. Form 8949, if applicable), and U.S. Form 4797 or U.S. Form 6252. See instructions.
You must attach a copy of U.S. Form 1041, Schedule D, and U.S. Form 4797, 6252, or 8949, if filed.
                 A                             B                C                        D                          E                         F                           G
                                                                                                            Section 1245              Section                                   
          TENTATIVE                       Date acquired        Date sold          Federal gain              or 1250 gain              1231FINALgain                             
                 Description of property      (month/year)     (month/year)       this year                 (see instructions)        (see instructions)                   Capital gain

  1  a                                                                                                                                                         
     b                                                                                                                                                         
     c                                                                                                                                                                                         
        d                                                                                                                                                      
     e                                                                                                                                                         
                H                                I                                J                                 K                         L                             M 
                                                                         Subtract Col. I from Col. H        Section 1231, 1245,       Section 1231, 1245, 
              August 1, 1969, value           Federal tax                      or fraction in               and 1250 Gain             and 1250 Gain                           Capital Gain
              or applicable fraction           basis on                     Col. H times Col. D             Enter smaller of    Subtract Col. K from  Col. J      Enter smaller of 
                (see instructions)            August 1, 1969                (see instructions)              Col. E or Col. J          but not more than Col. F                Col. G or Col. J
     a                                                                                                                                                         
     b                                                                                                                                                         
     c                                                                                                                                                         
     d                                                                                                                                                         
     e                                                                                                                                                                                         
  2  Enter your share of pre-August 1, 1969, appreciation amounts from 
   partnerships and other trusts and estates.                                                        2                                                         
  3  Enter the amount from Form IL-4644, Line 18, if required. See instructions.                     3                                                             
  4  Enter the total of Column K here and on Line 7, Column 1.                                       4  
  5  Enter the total of Column L here and on Line 8, Column 1.                                       5                                
  6  Enter the total of Column M here and on Line 9, Column 1.                                       6                                                                    

                                               Distribution of Appreciation Amounts
                                                                                                            Column 1                  Column 2                            Column 3
                                                                                                            Total                     Beneficiaries                       Fiduciary
  7  Enter the beneficiaries’ share in Column 2 and on Schedule K-1-T, Step 6, Line 46, 
   Column A. Enter the fiduciary’s share in Column 3 and on Line 17 below.                           7                                                         
  8  Enter the beneficiaries’ share in Column 2 and on Schedule K-1-T, Step 6,
     Line 47, Column A. Enter the fiduciary’s share in Column 3, and if
   U.S. Form 1041, Schedule D, Line 14, is a gain, enter on Line 11 below.                           8                                                         
  9  Enter the beneficiaries’ share in Column 2 and on Schedule K-1-T, Step 6, Line 48, 
   Column A. Enter the fiduciary’s share in Column 3 and on Line 10 below.                           9                                                         

                                                           Valuation Limitation Amount
10   Enter the amount from Line 9, Column 3.                                                                                                              10                                   
 11  Enter the amount from Line 8, Column 3, or zero if U.S. Form 1041, Schedule D, Line 14,                                                                    
   (or U.S. Form 1041, Schedule D, Line 11, if U.S. Form 4797 is not used) is blank.                                                                      11  
 12  Add Lines 10 and 11.                                                                                                                                 12                                   
 13  Net capital gain. Enter the amount, if any, from U.S. Form 1041, Schedule D, Line 19, Column 2.                                                      13                                   
 14  Enter the amount from Form IL-4644, Line 13, if required. See instructions.                                                                          14                                   
 15  Subtract Line 14 from Line 13. If Line 14 is equal to or greater than Line 13, enter zero.                                                           15                                   
 16  Enter the smaller of Line 12 or Line 15.                                                                                                             16                                   
 17  Enter the amount from Line 7, Column 3.                                                                                                              17                                   
 18  August 1, 1969, valuation limitation amount. Add Lines 16 and 17. Enter the result here and on
   Form IL-1041, Line 13, Column B.                                                                                                                       18                                   

          Schedule F Front (IL-1041) (R-12/19)                                 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. 

                                                                        *32212192V*

                                                  Installment Sales
If, on your U.S. Form 1041, Schedule D, U.S. Form 8949, or U.S. Form 4797, you reported gains from an installment sale of property acquired 
before August 1, 1969, complete Schedule F for those sales by following the instructions below.

        If, for federal tax purposes, you filed U.S. Form 6252 but were not required to file U.S. Form 4797, attach to your Schedule F: 
(1) a statement that you were not required to file U.S. Form 4797 and (2) a copy of the U.S. Form 6252 as filed.

Installment sales before August 1, 1969                                 Installment sales on or after August 1, 1969

Complete Schedule F                                                   Complete Schedule F
ColumnsTENTATIVEA through C – Follow Schedule F Instructions.         Columns A through I – Follow ScheduleFINALF Instructions.
Column D – Enter “INST” to indicate installment.                      Column J – Complete the worksheet below and enter in this 
Columns E through J – Leave blank.                                    column the amount from Column 5 of the worksheet below.
Column K – Enter the amount of Section 1245 or 1250 gain from            The heading for Column J does not describe this entry.
this sale reported this year on your U.S. Form 4797 or 6252.          Column K through M – Follow Schedule F Instructions.
Column L – Enter the amount of Section 1231 gain from this sale 
reported this year on your U.S. Form 4797 or 6252.
Column M – Enter the amount of gain from this sale reported this 
year on your U.S. Form 1041, Schedule D, or U.S. Form 8949.

                                             Column J Worksheet
            1                              2                          3                                                   4      5
                                                  Column 1 times Column 2 or,                  Total gain                        Column 3 minus Column 4.
                                                  if Column 2 blank, Schedule F,             reported in                         If negative, enter zero.
         Total gain         Fraction                    Column H minus Column I              prior years                    Enter this amount in Column J.

    a                                                                                                                            
    b                                                                                                                            
    c                                                                                                                            
    d                                                                                                                            
    e                                                                                                                            

                                           Instructions for Column J Worksheet

For each installment sale after July 31, 1969, reported on            Column 4 - Enter the total gain reported on federal income tax 
Schedule F:                                                           returns in prior years.
Column 1 - Enter the total federal gain realized on the sale. This is Column 5 - Subtract Column 4 from Column 3. If the result is 
your entire gain and not just the amount of gain reported this year.  negative, enter zero. Enter the amount here and on Schedule F, 
                                                                      Column J.
Column 2 - Enter the fraction, if any, entered on Schedule F, 
Column H.
Column 3 - If you entered a fraction in Column 2 of this worksheet, 
multiply Column 1 by that fraction. If Column 2 is blank, subtract 
Column I from Column H on Schedule F and enter the amount in 
Column 3.

       Schedule F Back (IL-1041) (R-12/19) Printed by the authority of the state of Illinois - electronic only - one copy.