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The only valuation limitation on sch M is line 23 and most common when a farm is involved. The excludable amount for your IL return goes on line 23. You could also have:
Officially, IL sch M instructions state: Enter the amount of your August 1, 1969, valuation limitation from Schedule F, Gains from Sales or Exchanges of Property Acquired Before August 1, 1969, Line 17.
If you feel this is an error, you may want to delete your state. Then try:
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