Illinois Department of Revenue
 
 
Got Questions?
 
 
 
 
 

How do I show the pass-through of depreciation from other businesses?

 
 
Answer #515 -- ( Published 03/17/2006 02:41 PM | Updated 08/08/2012 10:01 AM )

How do I show the pass-through of depreciation from other businesses?

This amount is shown on your Illinois Schedule K-1-P and should be included on your tax return on the line specified for additions or subtractions that flow through from a partnership or S corporation.  Do not include the pass-through amount of depreciation on Form IL-4562 or the line on your return that is designated for Form IL-4562.  The amounts on these lines should be for depreciation amounts earned directly by you. 

Answers others found helpful


Submit a question

:
:

:


 
 
Answer Center
 
 
Quick Links
 
 
 
 
Information For
 
 
 
 
About IDOR