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Category: Illinois

Use the following worksheet to calculate the Illinois portion of capital gains and losses.

Income Apportionment Formula (IAF) Worksheet:

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Total Sales Inside Illinois

 

Total Sales Everywhere

 

Illinois Income Apportionment Formula (IAF)

     

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X

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IAF decimal (figured above)

 

Amount of Capital Gains/Losses from Federal return, Form 1040,   Line 13

 

Illinois Apportioned Income

Enter this amount on your NonResident return.  Part Year residents continue below

 

 

 

PART YEAR RESIDENTS (Take the calculation above and complete the following):

 

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Illinois Capital Gains and Losses received during your  period of residency

 

Illinois Apportioned Income (from above)

 

Total Illinois Capital Gaines/Losses attributable to Illinois.  Enter this amount on your Part Year Resident return