Screen ILK1-4 - Illinois Passthrough Credits (1065)

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Overview

Use this screen to enter data from a Schedule K-1-P / K-1-T received by the client from a pass-through entity. UltraTax CS uses this information to complete Form IL-1065, Schedule 1299-A, Form IL-477, Schedule K-1-P, and the IL Partner’s Source Income Worksheet. The information entered here also creates a Proforma Schedule K-1-P for each partner, showing each partner’s share of amounts reported by this pass-through entity.
This information is also included in the electronic file. The Illinois Department of Revenue requires that electronic files include any Schedules K-1-P and K-1-T received from a pass-through entity.

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