IL – Illinois Form IL K1P – K-1 from a Partnership or S Corporation

Table Of Contents


Article: 50292

Overview

If you have received an Illinois K-1 from a or S Corporation, you are required to report this information on your Illinois state income . The K-1 provides your share of the business’s income, deductions, and credits, and this information must be accurately transferred onto your IL return.

Add Form IL K1P

To add the Form IL K1P:

  1. Go to the State taxes section.
  2. Select I’d like to see the forms I’ve filled out or search for a form.
  3. In the drop list, select Illinois.
  4. Select the K1 tab.
  5. Select Schedule K1P – Share of Business and Nonbusiness Income to add and open the form.
  6. Complete the form with your applicable information.
  7. Click Save to apply changes.

Further Information

See the IL K1P instructions for more information.

Tags
state tax form tax credit tax deduction dependent health insurance refund irs form schedule k1 estimated tax tax return