Form Fit-161 - Fiduciary Return Of Income - 2017
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1
2Vermont Department of Taxes
PO Box 1700 Montpelier, VT 05601-1700
*171611100*
Phone: (802) 828-6820
2017 FIDUCIARY RETURN OF INCOME
VT Form
FIT-161
* 1 7 1 6 1 1 1 0 0 *
or FISCAL YEAR ending __________________
Enter dates in the format “MMDDYYYY”
Name of Estate or Trust
Federal ID Number
Date of Death
Name of Fiduciary
Title of Fiduciary
Tax Year BEGIN Date
Tax Year END Date
Mailing Address of Fiduciary (Number and Street/Road or PO Box)
State of Domicile at Death
and/or Creation of Trust
Check ONE
Additional Line for Mailing Address of Fiduciary, if needed
c
Bankruptcy Estate
c
c
Estate
Grantor Trust
City
State
ZIP Code
-
c
c
Revocable Trust
Irrevocable Trust
For Department Use Only
Foreign Country (if not United States)
Check here if this is an
Check here if this is an
Check here if this is
EXTENDED return
AMENDED return
your FINAL return
A.
Were any distributions reported on Federal Form 1041, Line 18 made to
nonresident beneficiaries? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
c
c
B.
Did the estate or trust have non-VT municipal bond income? If “Yes,” see instructions
for both Line 2a and FIT-166, Part I) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
c
c
C.
Are any present or future trust beneficiaries skip persons? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
c
c
D.
Is this return for a Qualified Settlement Fund (Federal Form 1120-SF)? . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
c
c
1.
Federal taxable income from Form 1041, Line 22 or modified gross income
Check to
ç indicate
of Qualified Settlement Fund (Form 1120-SF) . . . . . . . . . . . . . . . . . . . . . . . .
1. ______________________. _____
loss
2a.
Income from Non-VT state and local obligations
(from Schedule FIT-166, Part I, Line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a. ______________________. _____
2b.
Bonus Depreciation allowed under Federal law for 2016 . . . . . . . . . . . . . . . . . . . . . . . . . .2b. ______________________. _____
2c.
State and local income taxes included on Form 1041, Line 11
(see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2c. ______________________. _____
Check to
ç indicate
3.
3. ______________________. _____
Federal Taxable Income with Additions (add Lines 1, 2a, 2b, and 2c.) . . . . . .
loss
4a.
Interest income from U.S. obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4a. ______________________. _____
4b.
Capital Gains Exclusion (from Schedule FIT-162, Line 21) (Cannot be less than zero) . . .4b. ______________________. _____
4c.
Adjustment for prior years’ Bonus Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4c. ______________________. _____
4d.
Add Lines 4a, 4b, and 4c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4d. ______________________. _____
Check to
ç indicate
5.
5. ______________________. _____
VT taxable income (subtract Line 4d from Line 3) . . . . . . . . . . . . . . . . . . . . .
loss
6.
VT tax from the tax rate schedule on page 2 of this form . . . . . . . . . . . . . . . . . . . . . . . . . . .6. ______________________. _____
7.
Additions to Vermont Tax (from Schedule FIT-166, Part II, Line 1c) . . . . . . . . . . . . . . . . . .7. ______________________. _____
8.
Subtractions from Vermont Tax (from Schedule FIT-166, Part II, Line 2d) . . . . . . . . . . . . .8. ______________________. _____
9.
Vermont Tax with Additions and Subtractions (add Lines 6 and 7, then subtract Line 8) . . . 9. ______________________. _____
%
10.
Income adjustment (from FIT-166, Part III, Line 10, or 100.00%) . . . . . . . . . . . . . . . . . . .10. ___________________ . _____
Form FIT-161 (2017)
(formerly FI-161)
(continued on next page)
Page 1 of 2
5454
Rev. 10/17
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