Form It-205-A - Fiduciary Allocation - 1999
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4New York State Department of Taxation and Finance
For office use only
Fiduciary Allocation
IT-205-A
Attach to Form IT-205
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For calendar year 1999, or fiscal year beginning ____________ , 1999, and ending _________ , _______ .
Name of estate or trust
Employer identification number
Complete this form as follows:
— Resident estate or trust with any nonresident beneficiaries
If any of the income distributable to the nonresident beneficiaries is derived from New York State sources,
complete Schedules 4, 2, and 3, in that order. Then complete any of Schedules 5, 6, 7, and 8 that apply, as
described below.
However, do not complete Form IT-205-A if none of the income distributable to the nonresident beneficiaries is derived from New York State
sources, even if other income is distributable to those beneficiaries. In this case, include a statement with Form IT-205 to the effect that the
distributable income of the nonresident beneficiaries consists only of income that is not taxable to nonresident individuals.
— Nonresident estate or trust and part-year resident trust
Complete Schedules 4, 2, 3, and 1, in that order. Then complete any of Schedules 5, 6, 7, and 8 that apply, as follows:
Schedules 5, 6, 7, and 8 referred to above are to be completed under the following circumstances:
Schedule 5 — If the estate or trust carries on business both in and out of New York State but does not maintain books and records from which the
New York income of the business can be determined.
Schedule 6 — If the estate or trust claims a deduction for New York charitable contributions.
Schedules 7 and 8 — If the estate or trust has gains or losses from the sale or disposition of New York property.
Instructions for completing the various schedules of this form are on a separate instruction sheet, IT-205-A-I. If Schedules 6, 7, and 8 are not
required to be completed, detach and file only pages 1 and 2 with Form IT-205.
(a)
(b)
Schedule 1 — Computation of New York tax of a nonresident estate
Total federal
Amount from city of
or trust or part-year resident trust
amount
New York resident period
1 Adjusted total income (or loss)
......................................................
1
(from line 30; see instructions)
2 Income distribution deduction
(from federal Form 1041, Schedule B, line 15)
.................................................................
2
(attach copy of each federal Schedule K-1 (Form 1041))
3 Estate tax deduction
...................................................................................
3
(attach computation)
4 Exemption (federal) ...................................................................................................................
4
5 Total
..........................................................................................................
5
(add lines 2 through 4)
6 Federal taxable income of fiduciary
(subtract line 5 from line 1; enter column (a)
....................................................................................
6
amount on Form IT-205, front page, line 1)
7 New York modifications relating to amounts allocated to principal
.................
7
(see instructions)
8 Balance
......................................................................................
8
(line 6 and add or subtract line 7)
9 Fiduciary’s share of New York fiduciary adjustment
....
9
(from Form IT-205, Schedule C, column 5)
10 New York taxable income of fiduciary
................
10
(line 8 and add or subtract line 9; see instructions)
11 New York State base tax on line 10 amount
...................................................
11
(see instructions)
12 Income percentage - income percentage may be greater than 100%
...........
12
(see instructions)
13 Allocated New York State tax
(multiply line 11 by the decimal on line 12; enter here
.........................................................................................................
13
and on Form IT-205, line 9)
Schedule 2 — Fiduciary’s and beneficiary’s share of income from New York State sources
(see instructions)
Shares of federal distributable
(3)
(4)
Enter the amount from Schedule 4, line 38, column (a), on
Beneficiary - same
Schedule 2 at the total line of column (1). Enter the
net income
Shares of income
Shares of
(see instructions)
as in Form IT-205,
amount from Schedule 4, line 38, column (b), on
from New York sources
fiduciary adjustment
(1)
(2)
Schedule C
Schedule 2 at the total line of column (3). Enter the
Amount
Percentage
amount from Form IT-205, line 70 on Schedule 2, at the
total line of column 4. Enter the fiduciary’s share of
(a)
fiduciary adjustment on Form IT-205-A-I, page 1,
(b)
New York State income percentage worksheet
Schedule 1, line e. If the fiduciary adjustment is a plus
Fiduciary
amount, it must be added to income; if it is a minus
amount it must be subtracted from income.
Totals
100%
Schedule 3 — Nonresident beneficiary’s share of income, deduction, and tax preference items from New York State sources
(see instructions)
(6)
(1)
(2)
(3)
(4)
(5)
Federal amount of tax
Beneficiary - same
Dividends from
Short-term capital
Long-term capital
Other taxable income
Other deductions
preference items from
as in Form IT-205,
New York sources
gain from
gain from
from New York sources
from New York sources
New York sources and
Schedule C
New York property
New York property
applicable New York
modifications
(a)
(See instructions;
(See instructions;
attach schedule)
attach schedule)
(b)
Nonresident beneficiaries must report items of income and deduction stated in Schedule 3 on lines 1 through 18 of their New York State returns as
items derived from or connected with New York sources.
071999
IT-205-A 1999
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