Fillable Form It-205-A - Fiduciary Allocation

Page 2 of 4 IT-205-A (2014)

Schedule 4 – Details of federal distributable net income and amounts from New York State sources

(see instructions)

c – Amount of column a

d – Amount of column a

a – Federal amount

b – Amount of column a

Lines 14 through 30, column a are similar to entries

for New York City

for Yonkers

from New York sources

on federal Form 1041, page 1.

resident period

14 Interest income . ...............................................

15 Dividends . ........................................................

16 Business income (or loss)

(submit copy of federal

........................

Schedule C or C-EZ, Form 1040)

17 Capital gain (or loss)

(submit copy of federal

....................................

Schedule D, Form 1041)

18 Rents, royalties, partnerships, other estates and trusts,

etc.

(submit copy of federal Schedule E, Form 1040)

19 Farm income (or loss)

(submit copy of federal

. ....................................

Schedule F, Form 1040)

20 Ordinary gain (or loss)

(submit federal Form 4797)

21 Other income

. .................

(state nature of income)

22 Total income

(add lines 14 through 21; enter column a

..............

amount on Form IT-205, front page, item A)

23 Interest .............................................................

24 Taxes ................................................................

25 Fiduciary fees ..................................................

26 Charitable deduction .......................................

27 Attorney’s, accountant’s, and return preparer’s fees

28 Other deductions

(submit schedule; see instructions)

29 Total

. .............................

(add lines 23 through 28)

30 Adjusted total income (or loss)

(subtract line 29 from line 22)

Lines 31 through 38, column a, are similar to entries on federal Form 1041, Schedule B.

Adjusted tax-exempt interest . ...............................

Net gain shown on Schedule 7, line 75, column 1

. ...............................................

(if net loss, enter 0)

Enter the sum of lines 52 and 55 from Schedule 6 33

Short-term capital gain included on Schedule 6, line 47

If amount on line 17 above is a capital loss, enter

amount here

.........................

(as a positive figure)

Total

. ..................................

(add lines 30 through 35)

If amount on line 17 above is a capital gain, enter

that amount here . ...............................................

Distributable net income

(subtract line 37 from

Enter column a amount as total of

line 36) -

Schedule 2, column 1 and enter column b

amount on Schedule 2, column 3, Totals line ...

Schedule 5 – Formula basis allocation of business income. Complete if business is carried on both in and out of New York State

(submit list giving locations and descriptions of all places, both in and out of New York State, where you carry on business).

Totals - in and out of

New York State

Items used as factors

New York State

amounts

Property percentage

(see instructions)

Percent

Real property owned ..........................................................

column 2

is of

Real property rented from others .......................................

column 1

Tangible personal property owned .....................................

Property percentage

(add lines 39, 40, and 41; see instructions)

Payroll percentage

.....................................

(see instructions)

Gross income percentage

..........................

(see instructions)

Total of percentages

. .........................................................................................

(add lines 42, 43, and 44, column 3)

. .

Business allocation percentage

(divide total percentage on line 45 by 3 or by actual number of percentages if less than 3)

To determine the amounts from New York State sources in Schedule 4, column b, apply the percentage on line 46 in the manner shown

below to each item of income or deduction that is both reported in Schedule 4, column a, and required to be allocated.

00 ×

From line number

% = $

Form It-205-A - Fiduciary Allocation - 2014 Page 2

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