Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
Waggers
New Member

Florida Resident, Income from real estate in Illinois

I am a trustee for a trust that owns real estate in Illinois. I receive income from that trust. Do I have to file Illinois State taxes?

2 Replies
TomD8
Level 15

Florida Resident, Income from real estate in Illinois

Here are Illinois' filing requirements for non-residents (see the Note regarding trust income):

 

  • a nonresident, you must file Form IL-1040 and Schedule NR if
    • you earned enough taxable income from Illinois sources to have a tax liability ( i.e., your Illinois base income from Schedule NR, Step 5, Line 46, is greater than your Illinois exemption allowance on Schedule NR, Step 5, Line 50), or
    • you want a refund of any Illinois Income Tax withheld in error. You must attach a letter of explanation from your employer.

    NOTE: If you are a nonresident and your only income in Illinois is from one or more partnerships, S corporations, or trusts that withheld enough Illinois Income Tax to pay your liability, you are not required to file a Form IL-1040.

https://www2.illinois.gov/rev/individuals/filingrequirements/Pages/default.aspx

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
Irene2805
Expert Alumni

Florida Resident, Income from real estate in Illinois

It depends on whether the trust withheld IL taxes on your behalf. If they didn't, then yes you have to file an IL-1040 and Schedule NR.  If the trust did withhold enough IL taxes to cover your liability, then you don't have to file an IL return.

 

 

According to the Illinois Revenue website:

 

If you were a nonresident, you must file Form IL-1040 and Schedule NR if

  • you earned enough taxable income from Illinois sources to have a tax liability ( i.e., your Illinois base income from Schedule NR, Step 5, Line 46, is greater than your Illinois exemption allowance on Schedule NR, Step 5, Line 50), or
  • you want a refund of any Illinois Income Tax withheld in error. You must attach a letter of explanation from your employer.

NOTE: If you are a nonresident and your only income in Illinois is from one or more partnerships, S corporations, or trusts that withheld enough Illinois Income Tax to pay your liability, you are not required to file a Form IL-1040.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.48m
Members

2.6m
Discussions

Manage cookies
v