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Lines 23 and 24 Follow the instructions on Schedule M. Line 25 Recovery of items previously deducted on U.S. 1040 Schedule A and local income taxes other than Illinois that you deducted on your items on your U.S. 1040 page 1 and your Form IL-1040 Line 1 for this tax year. A copy of Illinois Schedule K-1-P or K-1-T. Schedule M Instructions IL-1040 R-12/12 Line 4 IRC Section 529 college savings plans earnings Include earnings distributed from IRC Section 529 college savings and tuition...
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What is Illinois schedule M?
Illinois Schedule M is a form used to report non-business income in Illinois.
Who is required to file Illinois schedule M?
Illinois residents who receive non-business income must file Illinois Schedule M.
How to fill out Illinois schedule M?
Illinois Schedule M must be filled out by providing information on non-business income, such as interest, dividends, and capital gains.
What is the purpose of Illinois schedule M?
The purpose of Illinois Schedule M is to accurately report non-business income for tax purposes.
What information must be reported on Illinois schedule M?
Information such as interest income, dividend income, capital gains, and other non-business income must be reported on Illinois Schedule M.
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