Investors & landlords
If you a Illinois sourced K-1 income, in the Illinois state income tax return, you will address that income at the screen Illinois Partnership/S Corp K-1s.
At that screen, the question is Did you receive any Illinois K-1's. You would answer Yes.
At the screen, Illinois part-year and nonresidents, you are allowed to allocate your Federal income to Illinois. At this screen you would allocate rental and royalty income.
Rental income reported would be rental income less rental expenses equals rental income/loss.
Illinois income is allocated on Illinois 2023 Schedule NR.
