This document contains official instructions for Form IL-1041 Schedule I, Income Received - a form released and collected by the Illinois Department of Revenue. An up-to-date fillable Form IL-1041 Schedule I is available for download through this link.
Q: What is Form IL-1041 Schedule I?
A: Form IL-1041 Schedule I is a supplemental schedule that is used to report the income received by the estate or trust in the state of Illinois.
Q: What kind of income should be reported on Schedule I?
A: Schedule I should include all taxable income received by the estate or trust, including interest, dividends, rental income, and business income.
Q: Do I need to file Schedule I if there was no income received?
A: If the estate or trust did not receive any income during the tax year, you do not need to file Schedule I.
Q: What is the deadline for filing Form IL-1041 Schedule I?
A: Schedule I should be filed along with Form IL-1041 by the original due date of the estate or trust's tax return, which is typically April 15th.
Instruction Details:
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