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Partnership, S corporation, Trust (PST) Business Income Worksheet

You must complete this worksheet if you received an Illinois Schedule K-1-P or K-1-T from a partnership, S corporation, trust, or estate. Make copies of this worksheet and prepare a separate worksheet for each line of the Schedule CR on which you reported amounts from these schedules.

Worksheet for Schedule CR, Line:

1 Line 1 is 1.000000.

2 Enter the amount from Step 1, Line 4 of Schedule K-1-P or K-1-T.

3 Subtract Line 2 from Line 1.

4 Income from Schedule CR, Column A.

5 Multiply Line 3 by Line 4, and enter the result in Schedule CR, Column B.

Keep a copy of this worksheet with your income tax records.

PST Worksheet Instructions

Line 1:

Line 1 must be 1.000000.

Line 2:

Enter the decimal from Schedule K-1-P or K-1-T, Step 1, Line 4.

Lines 3 through 5:

Follow the instructions on the worksheet.