Illinois Other Additions and Subtractions for Individuals

Other Additions and Subtractions for Individuals
2023 Schedule M - Other Additions and Subtractions for Individuals
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Illinois Department of Revenue						

	

2023 Schedule M Other Additions and Subtractions for Individuals
Attach to your Form IL-1040

IL Attachment No. 15

Read this information first

Complete this schedule if you are required to add certain income on Form IL-1040, Line 3, or if you are entitled to take subtractions on
Form IL-1040, Line 7.
Note: If you are required to complete Schedule 1299-C, Schedule F, or Form IL-4562, you must do so before you complete this schedule.

Step 1: Provide the following information

	

Your name as shown on Form IL-1040	

	

–
–
Your Social Security number		

Step 2: Figure your additions for Form IL-1040, Line 3

Enter the amount of	
	1	 Your child’s federally tax-exempt interest and dividend income as reported on federal Form 8814. 	
	 2	 Distributive share of additions you received from a partnership, S corporation, trust, or estate.

	

(Whole dollars only)

1	 ______________ 00

		Attach Illinois Schedule K-1-P or Schedule K-1-T and enter the additions from Column A on this line.	
2	 ______________ 00
	 3	 Lloyd’s plan of operation loss, if reported on your behalf on Form IL-1065 and included in
		 your adjusted gross income. 	
3	 ______________ 00
	4	 Earnings distributed from IRC Section 529 college savings, tuition, and ABLE programs if not
		 included in your adjusted gross income. (Do not include distributions from “Bright Start,” “Bright Directions,” or
		 “College Illinois” programs, or other college savings and tuition programs that meet certain disclosure
		 requirements, or Illinois ABLE account programs. See instructions.)	
4	 ______________ 00
	5	 Illinois special depreciation addition amount from Form IL-4562, Step 2, Line 4. Attach Form IL-4562.	
5 ______________ 00
	6	 Business expense recapture (nonresidents only). 	6	 ______________ 00
	7	 Recapture of deductions for contributions to Illinois college savings plans and ABLE plans transferred to an
		 out-of-state plan.	
7	 ______________ 00
	8	 Student-Assistance Contribution Credit taken on Schedule 1299-C. 	8	 ______________ 00
	9	 Recapture of deductions for contributions to college savings plans and ABLE plans withdrawn for
	 	 nonqualified expenses or refunded. 	
9	 ______________ 00
10	RESERVED	10	 ______________ 00
	 11	 Other income - Identify each item. _______________________________________________ 	11	 ______________ 00
		12	 Total Additions. Add Lines 1 through 11. Enter the amount here and on Form IL-1040, Line 3.	
12	 ______________ 00	

Step 3: Figure your subtractions for Form IL-1040, Line 7	
Enter the amount of 	

13		Contributions made to 	“Bright Start” and “Bright Directions” College Savings Programs and “College Illinois” Prepaid Tuition Program - 	
		Enter the account number and amount contributed for each. Check the box in Column C if your contribution was a gift. See Instructions.
Column A: Account Number

Column B: Contribution Amount

Column C: Gift

1
2
3
4
5
6
7
8
9
10
	 Total - Add Column B, Lines 1-10 and enter here.
Continue Line 13 calculation on Page 2.

13a 	______________ 00

This form is authorized as outlined under the Illinois Income Tax Act. Disclosure of
IL-1040 Schedule M - Page 1 (R-12/23)
this information is required. Failure to provide information could result in a penalty.
Printed by authority of the state of Illinois, Electronic only, one copy. 		
	

Step 3: Continued

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13		 Enter the lesser amount from Page 1, Line 13a or $10,000 ($20,000 if married filing a joint return).		
14		 Distributive share of subtractions from a partnership, S corporation, trust, or estate. (Do not claim these

	15	
	16	
	17	

same subtractions on any other line of this schedule. See instructions.) Attach Illinois Schedule K-1-P or
K-1-T identifying you as the partner, shareholder, or beneficiary and listing your Social Security number.
Enter the subtractions from Column A on this line.
Restoration of amounts held under claim of right under IRC Section 1341.	
Contributions to a job training project.	
Expenses related to federal credits or federally tax-exempt income.	
RESERVED	
Illinois special depreciation subtraction amount from Form IL-4562, Step 3, Line 19. Attach Form IL-4562. 	

	18	
	19	
	20	 Contributions made to a qualified Illinois ABLE account - Enter the account number and amount contributed

13	 ______________ 00

14	 ______________ 00
15	 ______________ 00
16	 ______________ 00
17	 ______________ 00
18	 ______________ 00
19 ______________ 00

for each Illinois ABLE account. Check the box in Column C if your contribution was a gift. See Instructions.					
Column A: Account Number

Column B: Contribution Amount

Column C: Gift

1
2
3
4
Total - Add Column B, Lines 1-4 and enter here.
20a ______________ 00
Enter the lesser amount of Line 20a or $10,000 ($20,000 if married filing a joint return).	
20	 ______________ 00

	Enter the following only if included in Form IL-1040, Lines 1, 2, or 3:
	21	 Military pay earned. Attach military W-2.	
21	 ______________
	22	 U.S. Treasury bonds, bills, notes, savings bonds, and U.S. agency interest from federal Form 1040 or 1040-SR.
		Attach a copy of federal Form 1040 or 1040-SR, Schedule B, if required federally.
22	 ______________
	23	 August 1, 1969, valuation limitation amount from your Schedule F, Line 17. Attach Schedule F and
required federal forms.	
23	 ______________
	24	 River edge redevelopment zone and high impact business dividend subtraction amount from your
Schedule 1299-C, Step 1, Line 7. Attach Schedule 1299-C.	
24	 ______________
	25	 Recovery of items previously deducted on federal Form 1040 or 1040-SR, Schedule A (including refunds of

00
00
00
00

any state and local income taxes, other than Illinois). Attach a copy of federal Form 1040 or 1040-SR, Page 1,
		 Schedule 1, and any other required federal forms.	
25	 ______________ 00
	26	 Ridesharing money and other benefits. See instructions.	
26	 ______________ 00
	27	 Payment of life insurance, endowment, or annuity benefits received.	
27	 ______________ 00
	28	 Lloyd’s plan of operation income if reported on your behalf on Form IL-1065.	
28	 ______________ 00
	29	 Income from Illinois pre-need funeral, burial, and cemetery trusts. 	
29	 ______________ 00
	30	 Education loan repayments made for primary care physicians who agree to practice in designated
shortage areas under the Family Practice Residency Act.	
30	 ______________ 00
	31	 Reparations or other amounts received as a victim of persecution by Nazi Germany.
31	 ______________ 00
32		 Add Lines 13 through 31 and enter the amount here and on Page 3, Line 33.	
	32	
______________ 00

IL-1040 Schedule M - Page 2 (R-12/23)

Step 3: Continued

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33		 Enter the amount from Page 2, Line 32.			33	 ______________ 00
34		 Interest on the following tax-exempt obligations of Illinois state and local government. Do not include

		 interest you received indirectly through owning shares in a mutual fund.
		a	 Illinois Housing Development Authority bonds and notes (except housing-related commercial
			 facilities bonds and notes)	
34a	 ______________ 00
		b	 Tri-County River Valley Development Authority bonds	
34b	 ______________ 00
		c	 Illinois Development Finance Authority bonds, notes, and other obligations (venture fund and
		
	infrastructure bonds only)	
34c	 ______________ 00
		d	 Quad Cities Regional Economic Development Authority bonds and notes (if declared to be exempt
			 from taxation by the Authority)	
34d	 ______________ 00
		e	 College savings bonds issued under the General Obligation Bond Act in accordance with the
			
Baccalaureate Savings Act	
34e	 ______________ 00
		f	 Illinois Sports Facilities Authority bonds	
34f	 ______________ 00
		g	 Higher Education Student Assistance Act bonds	
34g	 ______________ 00
		h	 Illinois Development Finance Authority bonds issued under the Illinois Development Finance Authority
			 Act, Sections 7.80 through 7.87	
34h	 ______________ 00
		i	 Rural Bond Bank Act bonds and notes	
34i	 ______________ 00
		 j	 Illinois Development Finance Authority bonds issued under the Asbestos Abatement Finance Act	
34j	 ______________ 00
		k	 Quad Cities Interstate Metropolitan Authority bonds	
34k	 ______________ 00
		l	 Southwestern Illinois Development Authority bonds	34l	 ______________ 00
		m	Illinois Finance Authority bonds issued under the Illinois Finance Authority Act, Sections 820.60 and
			
825.55, or the Asbestos Abatement Finance Act	
34m	 ______________ 00
		n	 Illinois Power Agency bonds issued by the Illinois Finance Authority	
34n	 ______________ 00
		o	 Central Illinois Economic Development Authority bonds 	
34o	 ______________ 00
		p	 Eastern Illinois Economic Development Authority bonds 	
34p	 ______________ 00
		q	 Southeastern Illinois Economic Development Authority bonds	
34q	 ______________ 00
		r	 Southern Illinois Economic Development Authority bonds	
34r	 ______________ 00
		s	 Illinois Urban Development Authority bonds	
34s	 ______________ 00
		t	 Downstate Illinois Sports Facilities Authority bonds	
34t	 ______________ 00
		u	 Western Illinois Economic Development Authority bonds	
34u	 ______________ 00
		v	 Upper Illinois River Valley Development Authority Act bonds 	
34v	 ______________ 00
		w	 Will-Kankakee Regional Development Authority bonds 	
34w	 ______________ 00
		x	 Export Development Act of 1983 bonds 	
34x	 ______________ 00
		y	 New Harmony Bridge Authority bonds 	
34y	 ______________ 00
		z	 New Harmony Bridge Bi-State Commission bonds 	
34z	 ______________ 00
	35	 Interest on the following non-U.S. government bonds.
		a	 Bonds issued by the government of Guam 	
35a	 ______________ 00
		b	 Bonds issued by the government of Puerto Rico	
35b	 ______________ 00
		c	 Bonds issued by the government of the Virgin Islands	
35c	 ______________ 00
		d	 Bonds issued by the government of American Samoa	
35d	 ______________ 00
		e	 Bonds issued by the government of the Northern Mariana Islands	
35e	 ______________ 00
		f	 Mutual mortgage insurance fund bonds	
35f	 ______________ 00
	36	 Amount of your child’s interest from U.S. Treasury and U.S. agency obligations or from sources in Line 22, 				
		 34, or 35 as reported on federal Form 8814. 	36	 ______________ 00
	37	 Railroad sick pay and railroad unemployment income. Attach Form 1099-G or W-2 and a copy 		
37	 ______________ 00
		of your federal return.
	38	 Unjust imprisonment compensation awarded by Illinois Court of Claims.		38	
______________ 00
	39	 Distributions from “Bright Start,” “College Illinois,” and “Bright Directions” college savings plans if included
		 in Line 1 because you claimed a federal American Opportunity Credit or Lifetime Learning Credit.	39	
______________ 00
	40	 Deductions for cannabis establishments that were disallowed under IRC Section 280E
		 for the taxable year.		40	
______________ 00
	41 	 Total Subtractions. Add Lines 33 through 40. Enter the amount here and on Form IL-1040, Line 7.	41	
______________ 00

IL-1040 Schedule M - Page 3 (R-12/23)

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