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Page 2 of 2 IT-205 (2015)

Submit a copy of federal Schedule K-1 (Form 1041) for each beneficiary.

Schedule A – Details of federal taxable income of a fiduciary of a resident estate or trust

DRAFT

Enter items as reported for federal tax purposes or submit federal Form 1041.

43 Interest income ......................................................................................................... 43

44 Dividends .................................................................................................................. 44

45 Business income (or loss)

........ 45

(submit copy of federal Schedule C or C-EZ, Form 1040)

46 Capital gain (or loss)

............................ 46

(submit copy of federal Schedule D, Form 1041)

Moved closer to

47 Rents, royalties, partnerships, other estates & trusts (

Reduced height of entry field

submit copy of fed Sch E, Form 1040)

left margin.

48 Farm income (or loss)

........................... 48

(submit copy of federal Schedule F, Form 1040)

49 Ordinary gain (or loss)

............................................ 49

(submit copy of federal Form 4797)

50 Other income

.......................................................................... 50

(state nature of income)

51 Total income

...................... 51

(add lines 43 through 50; enter here and on front page, line A)

52 Interest ..................................................................................................................... 52

53 Taxes ........................................................................................................................ 53

54 Fiduciary fees ........................................................................................................... 54

55 Charitable deduction ................................................................................................ 55

56 Attorney, accountant, and return preparer fees ........................................................ 56

57 Other deductions

......................................................... 57

(itemize on an additional sheet)

58 Income distribution deduction

(submit copy of federal

.......................................................... 58

Schedules K-1, Form 1041

for each beneficiary)

59 Estate tax deduction

................................................................... 59

(submit computation)

60 Exemption (federal) .................................................................................................. 60

61 Total

...................................................................................... 61

(add lines 52 through 60)

62 Federal taxable income of fiduciary

(subtract line 61 from line 51; enter here and on front page, line 1)

Schedule B – New York fiduciary adjustment of a resident or a nonresident estate or trust or a part-year resident trust

63 Interest income on state and local bonds other than New York

(gross amount not included in federal income) ..

64 Income taxes deducted on federal fiduciary return

........................................... 64

(see instructions)

65 Other

............................................................................. 65

(from Form IT-225, line 9; see instructions)

66 Total additions

....................................................................................... 66

(add lines 63, 64, and 65)

67 Interest income on US obligations included in federal income

68 Other

................. 68

(from Form IT-225, line 18; see instructions)

........................................................................................ 69

69 Total subtractions

(add lines 67 and 68)

70 New York fiduciary adjustment

.. 70

(difference between lines 66 and 69 to be entered as total of column 5 below)

Schedule C – Shares of New York fiduciary adjustment of a resident or a nonresident estate or trust or a part-year resident trust

Submit additional sheets if necessary.

2 Identifying number

Shares of federal distributable

Shares of

net income (see instructions)

of each beneficiary

New York

1 Name and address of each beneficiary.

New York

Yonkers

fiduciary

Check box if beneficiary is a nonresident of:

State

3 Amount

4 Percent

adjustment

(a)

(b)

The total of Schedule C, column 5, should be the same as Schedule B, line 70 above. Fiduciary

(see instructions)

Totals

100%

A If inter vivos trust, enter name and address of grantor:

B If revocable trust which changed state or city residence during the year, enter the date of the change of residence

(see instructions)

C Resident status – mark an X in all boxes that apply:

(3)

(6)

NYS full-year nonresident estate or trust

Yonkers full-year resident estate or trust

(1)

NYS full-year resident estate or trust

(4)

NYC full-year resident estate or trust

(7)

Yonkers part-year resident trust

(2)

NYS part-year resident trust

(5)

NYC part-year resident trust

(8)

Yonkers full-year nonresident estate or trust

D If an estate, indicate last known address of decedent

E Nonresident estate - indicate state of residency

F Submit a list of executors or trustees with their addresses and identification numbers (SSN or EIN).

G If a grantor trust, enter the identification number (SSN or EIN) of the individual reporting the income/loss ..................

H Has the estate or trust (or an entity of which the estate or trust is an owner) been convicted of Bribery Involving Public Servants and Related Offenses,

Corrupting the Government, or Defrauding the Government (NYS Penal Law Article 200 or 496, or section 195.20)? ................................ Yes

Print designee’s name

(see)

Third-party

Yes

Sign return here

instr.)

▼

designee?

E-mail:

Phone: (

)

(see instr.)

Signature of fiduciary or officer representing fiduciary

Paid

Preparer’s signature

Preparer’s NYTPRIN

NYTPRIN

preparer

excl. code

must

Preparer’s printed name

Preparer’s PTIN or SSN

Date

Daytime phone number

complete

)

(see instr.)

(

Firm’s name (or yours, if self-employed)

Firm’s EIN

E-mail

Preparer’s address

Form It-205 Draft - Fiduciary Income Tax Return - New York State Department Of Taxation Page 2

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