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Illinois Department of Revenue Brian Hammer, DirectorPublication 127May 2010Instructions for Industrial Schedules About this publication information in this publication is current as of the date of

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What is publication 127?

Publication 127 is a tax form used to report the details of the sale or exchange of a partnership interest.

Who is required to file publication 127?

Partnerships or individuals who have sold or exchanged a partnership interest are required to file publication 127.

How to fill out publication 127?

Publication 127 should be filled out with details of the sale or exchange, including the names of the parties involved, the date of the transaction, and the financial terms.

What is the purpose of publication 127?

The purpose of publication 127 is to report the details of the sale or exchange of a partnership interest for tax purposes.

What information must be reported on publication 127?

Information such as the names of the parties involved, the date of the transaction, the financial terms, and any other relevant details must be reported on publication 127.