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    IL preparers

    Client sold house in IL only resided in IL 2 months. How does one figure how much of the captial gain on the house sold in IL, is included in the: IL NR & PR form 1040?

    #2
    If the house was located in IL, then all of the capital gains would be taxable to IL. I assume that TP was part-year resident, so you use the IL NR form with the IL1040.

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      #3
      All the Gains taxable in IL even though client was PR in IL?

      Originally posted by TaxmannEA View Post
      If the house was located in IL, then all of the capital gains would be taxable to IL. I assume that TP was part-year resident, so you use the IL NR form with the IL1040.
      Even though client only resided in IL for 2 mos in 2009?

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        #4
        Whether or not the TP resided there. Property sold in another state is reported in whatever state it is located.
        JG

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