Schedule K1T (1041 IL)
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Hide expandable textPer the Schedule K-1T instructions, the Illinois share column of Schedule K-1T calculates for resident beneficiaries for amounts that you should report on Schedule CR or Schedule NR.
Column B, lines 9, 10, and 17 only calculate if the beneficiary is a partnership, corporation, or S corporation with an Illinois address; otherwise, the form will display zero.
If the return is an IL resident trust, a nonresident beneficiary will always have a ‘1.0000’ as their nonresident apportionment factor. This factor comes from the bottom of Schedule NR, page 2, which only populates for a nonresident trust.
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