This document contains official instructions for Form IL-1120 Schedule UB/NLD, Unitary Illinois Net Loss Deduction - a form released and collected by the Illinois Department of Revenue.
Q: What is Form IL-1120 Schedule UB/NLD?
A: Form IL-1120 Schedule UB/NLD is a specific form used in Illinois for reporting unitary Illinois net loss deductions.
Q: What is a unitary Illinois net loss deduction?
A: A unitary Illinois net loss deduction is a deduction applied to losses incurred in Illinois in a unitary business group.
Q: Who needs to file Form IL-1120 Schedule UB/NLD?
A: Businesses that are part of a unitary business group and have incurred losses in Illinois are required to file Form IL-1120 Schedule UB/NLD.
Q: What information is required on this form?
A: The form requires details about the unitary business group, such as the names and identification numbers of all entities included in the group.
Instruction Details:
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