PDF document

- 1 -

Use your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes.

*60412231W*
Illinois Department of Revenue

2023 Schedule M Other Additions and Subtractions for Individuals
Attach to your Form IL-1040 IL Attachment No. 15
Read this information first
Complete this schedule if you are required to add certain income on Form IL-1040, Line 3, or if you are entitled to take subtractions on
Form IL-1040, Line 7.
Note: If you are required to complete Schedule 1299-C, Schedule F, or Form IL-4562, you must do so before you complete this schedule.

Step 1: Provide the following information
– –
Your name as shown on Form IL-1040 Your Social Security number

Step 2: Figure your additions for Form IL-1040, Line 3
Enter the amount of (Whole dollars only)
1 Your child’s federally tax-exempt interest and dividend income as reported on federal Form 8814. 1 ______________ 00
2 Distributive share of additions you received from a partnership, S corporation, trust, or estate.
Attach Illinois Schedule K-1-P or Schedule K-1-T and enter the additions from Column A on this line. 2 ______________ 00
3 Lloyd’s plan of operation loss, if reported on your behalf on Form IL-1065 and included in
your adjusted gross income. 3 ______________ 00
4 Earnings distributed from IRC Section 529 college savings, tuition, and ABLE programs if not
included in your adjusted gross income. (Do not include distributions from “Bright Start,” “Bright Directions,” or
“College Illinois” programs, or other college savings and tuition programs that meet certain disclosure
requirements, or Illinois ABLE account programs. See instructions.) 4 ______________ 00
5 Illinois special depreciation addition amount from Form IL-4562, Step 2, Line 4. Attach Form IL-4562. 5 ______________ 00
6 Business expense recapture (nonresidents only). 6 ______________ 00
7 Recapture of deductions for contributions to Illinois college savings plans and ABLE plans transferred to an
out-of-state plan. 7 ______________ 00
8 Student-Assistance Contribution Credit taken on Schedule 1299-C. 8 ______________ 00
9 Recapture of deductions for contributions to college savings plans and ABLE plans withdrawn for
nonqualified expenses or refunded. 9 ______________ 00
10 RESERVED 10 ______________ 00
11 Other income - Identify each item. _______________________________________________ 11 ______________ 00
12 Total Additions.Add Lines 1 through 11. Enter the amount here and on Form IL-1040, Line 3. 12 ______________ 00

Step 3: Figure your subtractions for Form IL-1040, Line 7
Enter the amount of
13 Contributions made to “Bright Start” and “Bright Directions” College Savings Programs and “College Illinois” Prepaid Tuition Program -
Enter the account number and amount contributed for each. Check the box in Column C if your contribution was a gift. See Instructions.
Column A: Account Number Column B: Contribution Amount Column C: Gift
1
2
3
4
5
6
7
8
9
10
Total - Add Column B, Lines 1-10 and enter here. 13a ______________ 00
Continue Line 13 calculation on Page 2.
IL-1040 Schedule M - Page 1 (R-12/23) This form is authorized as outlined under the Illinois Income Tax Act. Disclosure of
Printed by authority of the state of Illinois, Electronic only, one copy. this information is required. Failure to provide information could result in a penalty.

- 2 -

Enlarge image

*60412232W*

Step 3: Continued
13 Enter the lesser amount from Page 1, Line 13a or $10,000 ($20,000 if married filing a joint return). 13 ______________ 00
14 Distributive share of subtractions from a partnership, S corporation, trust, or estate. (Do not claim these
same subtractions on any other line of this schedule. See instructions.) Attach Illinois Schedule K-1-P or
K-1-T identifying you as the partner, shareholder, or beneficiary and listing your Social Security number.
Enter the subtractions from Column A on this line. 14 ______________ 00
15 Restoration of amounts held under claim of right under IRC Section 1341. 15 ______________ 00
16 Contributions to a job training project. 16 ______________ 00
17 Expenses related to federal credits or federally tax-exempt income. 17 ______________ 00
18 RESERVED 18 ______________ 00
19 Illinois special depreciation subtraction amount from Form IL-4562, Step 3, Line 19. Attach Form IL-4562. 19 ______________ 00
20 Contributions made to a qualified Illinois ABLE account - Enter the account number and amount contributed
for each Illinois ABLE account. Check the box in Column C if your contribution was a gift. See Instructions.
Column A: Account Number Column B: Contribution Amount Column C: Gift
1
2
3
4

Total - Add Column B, Lines 1-4 and enter here. 20a ______________ 00
Enter the lesser amount of Line 20a or $10,000 ($20,000 if married filing a joint return). 20 ______________ 00

Enter the following only if included in Form IL-1040, Lines 1, 2, or 3:
21 Military pay earned. Attach military W-2. 21 ______________ 00
22 U.S. Treasury bonds, bills, notes, savings bonds, and U.S. agency interest from federal Form 1040 or 1040-SR .
Attach a copy of federal Form 1040 or 1040-SR, Schedule B, if required federally. 22 ______________ 00
23 August 1, 1969, valuation limitation amount from your Schedule F, Line 17. Attach Schedule F and
required federal forms. 23 ______________ 00
24 River edge redevelopment zone and high impact business dividend subtraction amount from your
Schedule 1299-C, Step 1, Line 7. Attach Schedule 1299-C. 24 ______________ 00
25 Recovery of items previously deducted on federal Form 1040 or 1040-SR, Schedule A (including refunds of
any state and local income taxes, other than Illinois). Attach a copy of federal Form 1040 or 1040-SR, Page 1,
Schedule 1, and any other required federal forms. 25 ______________ 00
26 Ridesharing money and other benefits. See instructions. 26 ______________ 00
27 Payment of life insurance, endowment, or annuity benefits received. 27 ______________ 00
28 Lloyd’s plan of operation income if reported on your behalf on Form IL-1065. 28 ______________ 00
29 Income from Illinois pre-need funeral, burial, and cemetery trusts. 29 ______________ 00
30 Education loan repayments made for primary care physicians who agree to practice in designated
shortage areas under the Family Practice Residency Act. 30 ______________ 00
31 Reparations or other amounts received as a victim of persecution by Nazi Germany. 31 ______________ 00
32 Add Lines 13 through 31 and enter the amount here and on Page 3, Line 33. 32 ______________ 00

IL-1040 Schedule M - Page 2 (R-12/23)

- 3 -

Enlarge image

                                                              *60412233W*

Step 3: Continued
33  Enter the amount from Page 2, Line 32.                                                                           33    ______________ 00
34  Interest on the following tax-exempt obligations of Illinois state and local government. Do not include
   interest you received indirectly through owning shares in a mutual fund. 
    a Illinois Housing Development Authority bonds and notes (except housing-related commercial 
      facilities bonds and notes)                                                                                     34a  ______________ 00
    b Tri-County River Valley Development Authority bonds                                                             34b  ______________ 00
    c Illinois Development Finance Authority bonds, notes, and other obligations (venture fund and 
          infrastructure bonds only)                                                                                 34c   ______________ 00
    d Quad Cities Regional Economic Development Authority bonds and notes (if declared to be exempt
      from taxation by the Authority)                                                                                 34d  ______________ 00
   e  College savings bonds issued under the General Obligation Bond Act in accordance with the
      Baccalaureate Savings Act                                                                                      34e   ______________ 00
   f  Illinois Sports Facilities Authority bonds                                                                     34f   ______________ 00
   g  Higher Education Student Assistance Act bonds                                                             34g        ______________ 00
    h Illinois Development Finance Authority bonds issued under the Illinois Development Finance Authority
      Act, Sections 7.80 through 7.87                                                                                  34h ______________ 00
    i Rural Bond Bank Act bonds and notes                                                                         34i      ______________ 00
   j  Illinois Development Finance Authority bonds issued under the Asbestos Abatement Finance Act                34j      ______________ 00
    k Quad Cities Interstate Metropolitan Authority bonds                                                              34k ______________ 00
    l Southwestern Illinois Development Authority bonds                                                              34l   ______________ 00
   m  Illinois Finance Authority bonds issued under the Illinois Finance Authority Act, Sections 820.60 and  
      825.55, or the Asbestos Abatement Finance Act                                                           34m          ______________ 00
    n Illinois Power Agency bonds issued by the Illinois Finance Authority                                      34n        ______________ 00
    o Central Illinois Economic Development Authority bonds                                                          34o   ______________ 00
    p Eastern Illinois Economic Development Authority bonds                                                          34p   ______________ 00
    q Southeastern Illinois Economic Development Authority bonds                                                     34q   ______________ 00
    r Southern Illinois Economic Development Authority bonds                                                         34r   ______________ 00
    s Illinois Urban Development Authority bonds                                                                     34s   ______________ 00
    t Downstate Illinois Sports Facilities Authority bonds                                                           34t   ______________ 00
    u Western Illinois Economic Development Authority bonds                                                          34u   ______________ 00
    v  Upper Illinois River Valley Development Authority Act bonds                                              34v        ______________ 00
    w  Will-Kankakee Regional Development Authority bonds                                                       34w        ______________ 00
    x  Export Development Act of 1983 bonds                                                                     34x        ______________ 00
    y  New Harmony Bridge Authority bonds                                                                       34y        ______________ 00
    z  New Harmony Bridge Bi-State Commission bonds                                                             34z        ______________ 00
 35 Interest on the following non-U.S. government bonds. 
   a  Bonds issued by the government of Guam                                                                         35a   ______________ 00
    b Bonds issued by the government of Puerto Rico                                                                   35b  ______________ 00
   c  Bonds issued by the government of the Virgin Islands                                                            35c  ______________ 00
    d Bonds issued by the government of American Samoa                                                                35d  ______________ 00
    e Bonds issued by the government of the Northern Mariana Islands                                                  35e  ______________ 00
   f  Mutual mortgage insurance fund bonds                                                                            35f  ______________ 00
 36 Amount of your child’s interest from U.S. Treasury and U.S. agency obligations or from sources in Line 22,               
   34, or 35 as reported on federal Form 8814.                                                                       36    ______________ 00
 37 Railroad sick pay and railroad unemployment income. Attach Form 1099-G or W-2 and a copy                         37    ______________ 00
    of your federal return.
 38 Unjust imprisonment compensation awarded by Illinois Court of Claims.                                            38    ______________ 00
 39 Distributions from “Bright Start,” “College Illinois,” and “Bright Directions” college savings plans if included 
   in Line 1 because you claimed a federal American Opportunity Credit or Lifetime Learning Credit.                  39    ______________ 00
 40 Deductions for cannabis establishments that were disallowed under IRC Section 280E
   for the taxable year.                                                                                             40    ______________ 00
 41   Total Subtractions. Add Lines 33 through 40. Enter the amount here and on Form IL-1040, Line 7.                41    ______________ 00

      IL-1040 Schedule M - Page 3 (R-12/23)
                                                           Reset            Print

PDF file checksum: 198343584

(Plugin #1/9.12/13.0)