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Screens

Screen ILInc-2 - Illinois Income and Distributions (1041)

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Nonbusiness Net Income - Screen no longer in system

Interest
Enter
State Use
 code
10
 in the
Interest income
 statement on the federal Income, Broker, K1, and K1T screens to identify interest income as business income.
Dividends
Enter
State Use
 code
10
 in the
Dividends
 statement on the federal Income, Broker, K1, and K1T screens to identify dividend income as business income.

Nonbusiness Net Other Income

Patent royalties / … / Other royalties
Royalty income is other royalty income unless you enter a
Type of royalty
 code on the federal Rent screen. Royalty income is also business income unless you enter
X
 in the
Nonbusiness
 field.
Other income
Other income is nonbusiness income unless you enter
State Use
 code
6
 in the
Other income
 statement on the federal Income screen.

Nonbusiness Net Rental Income

Real estate rental / Other rental
Rental income is business income unless you enter
X
 in the
Nonbusiness
 field on the federal Rent screen.

Nonbusiness Net Gains

Short term capital gain / loss / Long term capital gain / loss
Capital gain or loss is intangible, nonbusiness income unless you enter a
State Use
 code of
9
(Real property) or mark the
Tangible
 field in the
Capital gains / losses
 statement on the federal Income screen.

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