This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Schedule K-1-T, K-1-T(3) for the current year.
This document contains official instructions for Schedule K-1-T , and Schedule K-1-T(3) . Both forms are released and collected by the Illinois Department of Revenue.
Q: What is Schedule K-1-T?
A: Schedule K-1-T is a form used by Illinois taxpayers to report their share of income, deductions, and credits from a partnership or S corporation.
Q: Who needs to file Schedule K-1-T?
A: Anyone who is a partner or shareholder in a partnership or S corporation that operates in Illinois needs to file Schedule K-1-T.
Q: What information is required on Schedule K-1-T?
A: You will need to provide your personal information, details of the partnership or S corporation, and information about your share of income, deductions, and credits.
Q: When is the deadline to file Schedule K-1-T?
A: Schedule K-1-T is typically due on the same date as your Illinois income tax return, which is April 15th for most taxpayers.
Instruction Details:
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