Form It-205-A - Fiduciary Allocation - 1999 Page 3
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4IT-205-A (1999) Page 3
Schedule 6 — Computation of New York charitable deduction
47
Amounts paid or permanently set aside for New York charitable purposes from gross income
..................
47
(see instructions)
48
Tax-exempt income from sources outside New York State allocable
to New York charitable contribution ..........................................................................................
48
(Complete lines 49 through 52 below only if gain on line 74, column (2),
exceeds loss on line 73, column (2).)
49
Long-term capital gain included on line 47 ...........................................
49
50
Enter gain on line 74, column (2), minus loss on
line 73, column (2) .............................................................................
50
51
Enter gain on line 74, column (3), minus loss on
line 73, column (3) .............................................................................
51
52
Enter the amount from line 49, 50, or 51, whichever is less ........................................................
52
53
Add lines 48 and 52 .................................................................................................................................................................
53
54
Balance
.........................................................................................................................................
54
(subtract line 53 from line 47)
55
Capital gains for the tax year allocated to corpus and paid or permanently set aside for New York
charitable purposes .............................................................................................................................................................
55
56
Add lines 54 and 55 .................................................................................................................................................................
56
57
Section 1202 exclusion allocable to capital gains paid or permanently set aside for New York charitable purposes ...........
57
58
Total
..............................................................................................................................................
58
(subtract line 57 from line 56)
Schedule 7 — Capital gains and losses from sales or exchanges of New York capital assets
(See instructions concerning tangible
and intangible personal property carried as business assets.)
Part I — Short-term capital gains and losses — assets of New York property held one year or less
(a)
(b)
(c)
(d)
(e)
(f)
Kind of property and description
Date acquired
Date sold
Gross sales
Federal cost or
Gain (or loss)
price
other basis, plus
(month/day/year)
(month/day/year)
((d) minus (e))
expense of sale
59
60
Short-term capital gain (or loss) from installment sales and like-kind exchanges of New York property ...............................
60
61
Net short-term gain (or loss) from New York property derived from partnerships, S corporations and
other trusts or estates ..........................................................................................................................................................
61
62
Net gain (or loss)
.........................................................................................................................
62
(combine lines 59 through 61)
63
Short-term capital loss carryover
..............................................................................................................
63
(attach computation)
64
Net short-term gain (or loss)
...............................................................
64
(combine lines 62 and 63; enter here and on line 73 below)
Part II — Long-term capital gains and losses — assets of New York property held more than one year
65
66
Long-term capital gain (or loss) from installment sales and like-kind exchanges of New York property ...............................
66
67
Net long-term gain (or loss) from New York property derived from partnerships, S corporations and
other trusts or estates ..........................................................................................................................................................
67
68
Capital gain distributions .........................................................................................................................................................
68
69
Enter gain, if any, from Schedule 8, line 81 ............................................................................................................................
69
70
Net gain (or loss)
.........................................................................................................................
70
(combine lines 65 through 69)
71
Long-term capital loss carryover from 1998
.............................................................................................
71
(attach computation)
72
Net long-term gain (or loss)
.................................................................
72
(combine lines 70 and 71; enter here and on line 74 below)
Part III — Summary of Parts I and II
(1)
(2)
(3)
Beneficiaries
Fiduciary
Total
73
Net short-term gain (or loss) from line 64, column (f) above ...........
73
74
Net long-term gain (or loss) from line 72, column (f) above ............
74
75
Total net gain (or loss)
..................
75
(line 73 and add or subtract line 74)
Enter on Schedule 4, line 17, column (b), the net gain shown on line 75, column (3), above. If line 75, column (3), above is a net loss, see
instructions.
Schedule 8 is on page 4.
081999
IT-205-A 1999
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