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Instructions for Schedule NB
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Instructions for Schedule NB Nonbusiness Income - Illinois
This document contains official instructions for Schedule NB , Nonbusiness Income - a form released and collected by the Illinois Department of Revenue.
FAQ
Q: What is Schedule NB?
A: Schedule NB is a form used for reporting nonbusiness income in the state of Illinois.
Q: Who needs to file Schedule NB?
A: Taxpayers who have nonbusiness income sources in Illinois need to file Schedule NB.
Q: What is considered nonbusiness income?
A: Nonbusiness income includes income from sources such as investments, rental properties, and other passive income sources.
Q: How do I fill out Schedule NB?
A: You need to provide details about your nonbusiness income sources, their amounts, and any related deductions or adjustments.
Q: Do I need to file Schedule NB if I don't have any nonbusiness income in Illinois?
A: No, if you have no nonbusiness income sources in Illinois, you do not need to file Schedule NB.
Q: Is there a deadline for filing Schedule NB?
A: The deadline for filing Schedule NB is the same as the deadline for filing your Illinois state tax return.
Q: What happens if I don't file Schedule NB when required?
A: If you do not file Schedule NB when required, you may face penalties and interest on any unpaid tax due.
Instruction Details:
- This 2-page document is available for download in PDF;
- Might not be applicable for the current year. Choose a more recent version;
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