Fillable Form Fi-161 - Vermont Fiduciary Return Of Income

SCHEDULE D. VT CREDIT FOR TAX PAID TO OTHER STATE OR CANADIAN PROVINCE

FOR RESIDENTS AND SOME PART-YEAR RESIDENTS ONLY

You must complete a separate Schedule D for each state or Canadian province and attach a copy of the other state

return. See instructions.

30. Name of state or Canadian province. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30.

31. Enter total Income taxed in another state or Canadian

province and also subject to VT tax. . . . . . . . . . . . . . . . . . . . . . . . . . 31. ___________________

32. 2013 Bonus Depreciation add back taxed in another state or

Canadian province AND taxed in VT . . . . . . . . . . . . . . . . . . . . . . . . . 32. ___________________

33. Non-VT state/local obligations taxed in another state or Canadian

province AND taxed in VT. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33. ___________________

34. Add Lines 31-33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34.

35. Bonus Depreciation subtracted from income in another state or

Canadian province in TY 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35. ___________________

36. U. S. Government interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36. ___________________

37. Add Lines 35 & 36. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37.

38. Modified total Income for income taxed in other state or Canadian province AND

taxed in VT (Subtract Line 37 from Line 34) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38.

39. Total Income (from Federal Form 1041, Line 9) . . . . . . . . . . . . . . . . 39. ___________________

40. Non-VT state/local obligations from Form FI-161, Line 2a . . . . . . . . 40. ___________________

41. Bonus Depreciation from Form FI-161, Line 2b. . . . . . . . . . . . . . . . . 41. ___________________

42. Add Lines 39-41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42.

43. U. S. Government interest income from Form FI-161, Line 4a . . . . . 43. ___________________

44. Bonus Depreciation from Form FI-161, Line 4c . . . . . . . . . . . . . . . . . 44. ___________________

45. Add Lines 43 & 44. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45.

46. Subtract Line 45 from Line 42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46.

47. VT income tax from Form FI-161, Line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47.

48. Computed tax credit (Divide Line 38 by Line 46 and multiply result by Line 47).

Result cannot be more than 100% of VT tax.

0.00

Line 38

__________________________

x Line 47 _______________________

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

Line 46

0.00

49. Income tax paid to another state or Canadian province based on

modified total income from Line 38 above. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49.

50. VT CREDIT for income tax paid to another state or Canadian province.

Enter the lesser of Line 48 or Line 49. Also enter on Form FI-161, Line 9 . . . . . . . . . . . . . . . . 50.

Form FI-161, page 3

Rev. 12/13

Form Fi-161 - Vermont Fiduciary Return Of Income - 2013 Page 7