Instructions For Schedule K-1vt-F - Beneficiary Information For Fiduciaries Page 2
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1
2
3Recipient Type:
I - Individual (including Grantor Trusts that report directly on an individual income tax return, as opposed
to filing a fiduciary return)
C - C-Corporation, 501(c)(3)
S - S-Corporation
L - Limited Liability Company (not a disregarded entity)
P - Partnership
T - Trust (filing a fiduciary return)
X – Exempt Organization - If the beneficiary is an exempt entity, not subject to income taxation (such as
an ESOP or nonprofit to which this income is not characterized as unrelated business income). Provide a
statement of the name(s) and FEIN(s), and description of why or authority by which they are exempt from
income taxation.
Residency Status
Check the appropriate box to indicate the residency status of the beneficiary. Review 32 V.S.A. § 5811 if
necessary.
Percentage of Entity’s income or loss to this recipient
Enter the percentage of the entity’s Vermont sourced income distributed or allocable to this beneficiary,
written as a percent, and calculated to two places to the right of the decimal point. (So, for example, exactly
5% would be written as 5.00%.)
Line-By-Line Instructions
Vermont Resident Beneficiary
Line 1
Beneficiary’s Income - Enter this beneficiary’s share of Vermont Fiduciary Income.
Line 2
Enter interest/dividends from obligations of other states.
Line 3
Enter interest/dividends from U.S. obligations.
Vermont Nonresident Beneficiary
Line 4
Enter Nonresident Beneficiary information on Lines 4a through 4h, with total income on Line 4i.
Line 5
Total annual nonresident estimated payments allocated to this beneficiary - If this beneficiary is a
Vermont resident, enter 0.
If this beneficiary is a nonresident, enter the amount of nonresident estimated payments allocated to this
beneficiary from a K-1VT received due to the trust’s ownership in another pass-through entity. These
payments are made via Form WH-435 from the pass-through entity.
Line 6
Total annual real estate withholding payments allocated to this beneficiary - If this beneficiary is a
Vermont resident, enter 0.
If this beneficiary is a nonresident, enter the amount of any real estate withholding payments allocated
to this beneficiary. Real estate withholding would have been paid by the buyer of Vermont real estate
this trust or estate sold in this fiscal year, and reported on Form RW-171, Schedule A, or may have been
distributed to this entity from such a seller of which this entity is an owner via Schedule K-1VT.
Line 7
Enter the beneficiary’s allocation of any other withholding payments made by this Trust/Estate, such as
1099 withholdings.
Schedule K-1VT-F Instructions
Page 2 of 3
Rev. 10/17
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