Fillable Form 20: IT-205-A Fiduciary Allocation Submit with Form (New York State)

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Form 20: IT-205-A Fiduciary Allocation Submit with Form (New York State)

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207001200094
Department of Taxation and Finance
Fiduciary Allocation
Submit with Form IT-205
IT-205-A
Name of estate or trust (as shown on federal Form SS-4) Identicationnumberofestateortrust
Complete this form as follows:
– Resident estate or trust with any nonresident beneciaries
IfanyoftheincomedistributabletothenonresidentbeneciariesisderivedfromNewYorkStatesources,complete
Schedules4,2,and3,inthatorder.ThencompleteanyofSchedules5,6,7,and8thatapply,asdescribedbelow.
However, do not complete Form IT-205-A if none of the income distributable to the nonresident beneciaries
is derived from New York State sources, even if other income is distributable to those beneciaries. In this case,
include a statement with Form IT-205, Fiduciary Income Tax Return, to the eect that the distributable income of the
nonresident beneciaries consists only of income that is not taxable to nonresident individuals.
– Nonresident estate or trust and part-year resident trust
CompleteSchedules4,2,3,and1,inthatorder.ThencompleteanyofSchedules5,6,7,and8thatapply,asfollows:
Schedules 5, 6, 7, and 8 referred to above are to be completed under the following circumstances:
Schedule5–IftheestateortrustcarriesonbusinessbothinandoutofNewYorkStatebutdoesnotmaintain
booksandrecordsfromwhichtheNewYorkincomeofthebusinesscanbedetermined.
Schedule6–IftheestateortrustclaimsadeductionforNewYorkcharitablecontributions.
Schedules7and8–IftheestateortrusthasgainsorlossesfromthesaleordispositionofNewYorkproperty.
Instructions for completing the various schedules of this form can be found in Form IT-205-A-I, Instructions for Form IT‑205‑A.
Schedule 1 – Computation of New York tax of a nonresident estate
or trust or part-year resident trust
a
b
Totalfederal AmountfromNewYorkCity
amount resident period
1 Adjusted total income (or loss) (from line 30, column a; see instructions).......................................... 1 .00 .00
2 Income distribution deduction (from federal Form 1041, Schedule B, line 15; submit copy of each
federal Schedule K-1 (Form 1041))
................................................................................................ 2 .00 .00
3 Estate tax deduction (submit computation)..................................................................................... 3 .00 .00
4 Exemption (federal)..................................................................................................................... 4 .00 .00
5 Total (add lines 2, 3, and 4)............................................................................................................. 5 .00 .00
6 Federaltaxableincomeofduciary(subtract line 5 from line 1; enter column a
amount on Form IT-205, page 1, line 1)
........................................................................................... 6 .00 .00
7 NewYorkmodicationsrelatingtoamountsallocatedtoprincipal(see instructions)..................... 7 .00 .00
8 Balance (line 6 and add or subtract line 7)........................................................................................ 8 .00 .00
9 Fiduciary’sshareofNewYorkduciaryadjustment(from Form IT-205; see instructions)................. 9 .00 .00
9a Fiduciary’sshareofFormIT-558duciaryadjustment(from Form IT-205; see instructions) ............ 9a .00 .00
10 NewYorktaxableincomeofduciary(line 8, and add or subtract lines 9 and 9a; see instructions)...... 10 .00 .00
11 NewYorkStatebasetaxonline10amount(see instructions)....................................................... 11 .00
12 Incomepercentage-incomepercentagemaybegreaterthan100%(see instructions)............... 12
13 AllocatedNewYorkStatetax(multiply line 11 by the decimal on line 12; enter here and
on Form IT-205, line 9)
.................................................................................................................. 13 .00
Schedule 2 – Fiduciary’s and beneciary’s share of income from New York State sources (see instructions)
Beneciary-same
asonFormIT-205,
Schedule C
Shares of federal distributable
net income
(see instructions)
1 2
Amount Percentage
3 4
Shares of income Shares of
fromNewYorksources duciaryadjustment
EntertheamountfromSchedule4,line38,columna,
on Schedule 2 at the Totalslineofcolumn1.Enter
theamountfromSchedule4,line38,columnb,on
Schedule 2 at the Totalslineofcolumn3.Enterthe
amountfromFormIT-205,line70onSchedule2,at
the Totalslineofcolumn4.Entertheduciary’sshare
ofduciaryadjustmentonFormIT-205-A-I,page3,
New York State income percentage worksheet,linee.
Iftheduciaryadjustmentisapositiveamount,itmust
beaddedtoincome;ifitisanegativeamount,itmust
besubtractedfromincome.
a .00 .00 .00
b
.00 .00 .00
Fiduciary .00 .00 .00
Totals .00 100% .00 .00
Schedule 3 – Nonresident beneciary’s share of income and deduction from New York State sources (see instructions)
a .00 .00 .00 .00
b .00 .00 .00
.00
(see instructions;
submit schedule)
Nonresident beneciaries must report items of income and deduction stated on Schedule 3 on lines 1 through 18 of
their New York State returns as items derived from or connected with New York State sources.
ForthefullyearJanuary1,2020,throughDecember31,2020orscalyearbeginning
andending
20
4
Other taxable income
fromNewYorksources
5
Other deductions
fromNewYork
sources
3
Long-termcapital
gainfrom
NewYorkproperty
2
Short-term capital
gainfrom
NewYorkproperty
1
Dividendsfrom
NewYorksources
Beneciary-same
asonFormIT-205,
Schedule C
207002200094
Schedule 4 – Details of federal distributable net income and amounts from New York State sources (see instructions)
Lines14through30,columnaaresimilartoentries
onfederalForm1041,page1.
a – Federal amount
b – Amount of column a
c – Amount of column a d – Amount of column a
fromNewYorksources
forNewYorkCity forYonkers
resident period resident period
14 Interest income ................................................ 14 .00 .00 .00 .00
15 Dividends......................................................... 15 .00 .00 .00 .00
16 Business income (or loss) (submit copy of federal
Schedule C or C-EZ, Form 1040)
........................ 16 .00 .00 .00 .00
17 Capitalgain(orloss)(submit copy of federal
Schedule D, Form 1041)
.................................... 17 .00 .00 .00 .00
18
Rents,royalties,partnerships,otherestatesandtrusts,
etc.
(submit copy of federal Schedule E, Form 1040)
18 .00 .00 .00 .00
19 Farm income (or loss) (submit copy of federal
Schedule F, Form 1040)
..................................... 19 .00 .00 .00 .00
20 Ordinarygain(orloss)
(submit federal Form 4797)
20 .00 .00 .00 .00
21 Other income (state nature of income).................. 21 .00 .00 .00 .00
22
Total income (add lines 14 through 21; enter column a
amount on Form IT-205, page 1, item A)
...................
22 .00 .00 .00 .00
23 Interest............................................................. 23 .00 .00 .00
24 Taxes................................................................ 24 .00 .00 .00
25 Fiduciary fees .................................................. 25 .00 .00 .00
26 Charitable deduction ....................................... 26 .00 .00 .00
27
Attorney,accountant,andreturnpreparerfees
....... 27 .00 .00 .00
28 Other deductions
(submit schedule; see instructions)
28 .00 .00 .00
29 Total (add lines 23 through 28).............................. 29 .00 .00 .00
30
Adjusted total income (or loss) (subtract line 29 from line 22)
30 .00 .00 .00
Lines31through38,columna,aresimilartoentriesonfederalForm1041,ScheduleB.
31 Adjusted tax-exempt interest ................................ 31
.00 .00 .00
32 NetgainshownonSchedule7,line75,column1
(if net loss, enter 0)................................................ 32 .00 .00 .00
33 EntertheamountfromSchedule6,line55............ 33 .00 .00 .00
34
Short-termcapitalgainincludedonSchedule6,line47
34 .00 .00 .00
35 If amount on line 17aboveisacapitalloss,
enter amount here (as a positive gure)................ 35 .00 .00 .00
36 Total (add lines 30 through 35)................................... 36 .00 .00 .00
37 Ifamountonline17aboveisacapitalgain,
enter that amount here...................................... 37 .00 .00 .00
38 Distributable net income (subtract line 37 from
line 36) -
Enter column a amount as total of
Schedule2,column1andentercolumnb
amountonSchedule2,column3,Totals line ... 38 .00 .00 .00
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 of New York State, where you carry on business).
Items used as factors
1 2
Totals-insideandoutof NewYorkState
NewYorkState amounts
3
Percent
column 2
isofcolumn1
Property percentage (see instructions)
39 Real property owned ............................................................ 39 .00 .00
40 Real property rented from others ......................................... 40 .00 .00
41 Tangiblepersonalpropertyowned....................................... 41 .00 .00
41a Tangiblepersonalpropertyrentedfromothers......................
41a
.00 .00
42 Propertypercentage(add lines 39 through 41a; see instructions) 42 .00 .00
43 Payrollpercentage(see instructions)....................................... 43 .00 .00
44 Grossincomepercentage(see instructions)............................ 44 .00 .00
45 Totalofpercentages
(add lines 42, 43, and 44, column 3)........................................................................................... 45
46 Business allocation percentage
(divide total percentage on line 45 by 3 or by actual number of percentages if less than 3)
46
%
%
%
%
%
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.
From line number $
.00
× %= $
.00
IncomeDeductions
Page 2 of 4 IT-205-A (2020)
207003200094
Schedule 6 – Computation of New York charitable deduction
47 AmountspaidorpermanentlysetasideforNewYorkcharitablepurposesfromgrossincome(see instructions)...............
47 .00
48 Tax-exemptincomefromsourcesoutsideNewYorkStateallocable
toNewYorkcharitablecontribution............................................................................ 48 .00
49 Lines49through53intentionallyleftblank............................................................................
50 ...............................................................................................................................................
51 ...............................................................................................................................................
52 ...............................................................................................................................................
53 .......................................................................................................................................................................................... 53
54 Balance (subtract line 48 from line 47).................................................................................................................................... 54 .00
55 CapitalgainsforthetaxyearallocatedtocorpusandpaidorpermanentlysetasideforNewYorkcharitablepurposes 55 .00
56 Add lines 54 and 55........................................................................................................................................................... 56 .00
57 Section1202exclusionallocabletocapitalgainspaidorpermanentlysetasideforNewYorkcharitablepurposes....... 57 .00
58 Total (subtract line 57 from line 56).........................................................................................................................................
58 .00
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 1 – 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)
(if necessary, submit statement of descriptive (mmddyyyy) (mmddyyyy) price otherbasis,plus (column d minus column e)
details not shown below) expense of sale
59 .00 .00 .00
.00 .00 .00
.00 .00 .00
60 Short-termcapitalgain(orloss)frominstallmentsalesandlike-kindexchangesofNewYorkproperty.......................... 60 .00
61 Netshort-termgain(orloss)fromNewYorkpropertyderivedfrompartnerships,Scorporations,and
other estates or trusts ................................................................................................................................................... 61 .00
62 Netgain(orloss)(combine lines 59 through 61).................................................................................................................... 62 .00
63 Short-termcapitallosscarryover(submit computation)........................................................................................................ 63 .00
64 Netshort-termgain(orloss)(combine lines 62 and 63; enter here and on line 73)....................................................................
64 .00
Part 2 – Long-term capital gains and losses – assets of New York property held more than one year
65 .00 .00 .00
.00 .00 .00
.00 .00 .00
66 Long-termcapitalgain(orloss)frominstallmentsalesandlike-kindexchangesofNewYorkproperty........................... 66 .00
67 Netlong-termgain(orloss)fromNewYorkpropertyderivedfrompartnerships,Scorporations,and
other estates or trusts ................................................................................................................................................... 67 .00
68 Capitalgaindistributions.................................................................................................................................................. 68 .00
69 Entergain,ifany,fromSchedule8,line81....................................................................................................................... 69 .00
70 Netgain(orloss)(combine lines 65 through 69).................................................................................................................... 70 .00
71 Long-termcapitallosscarryoverfrom2019(submit computation)........................................................................................ 71 .00
72 Netlong-termgain(orloss)(combine lines 70 and 71; enter here and on line 74).....................................................................
72 .00
Part 3 – Summary of Parts 1 and 2
1 – Beneciaries 2 – Fiduciary 3 – Total
73 Netshort-termgain(orloss)fromline64,columnf................... 73
.00 .00 .00
74 Netlong-termgain(orloss)fromline72,columnf.................... 74
.00 .00 .00
75 Totalnetgain(orloss)(line 73 and add or subtract line 74).............. 75
.00 .00 .00
EnteronSchedule4,line17,columnb,thenetgainshownonline75,column3.Ifline75,column3,isanetloss,seeinstructions.
IT-205-A (2020) Page 3 of 4
207004200094
Schedule 8 – Supplemental schedule of gains and losses from New York property (see instructions)
Part 1 – Sales or exchanges of New York property used in a trade or business and involuntary conversions from other than
casualty and theft – property held more than one year
SubmitacopyoffederalForm4684toreportinvoluntaryconversionsofNewYorkpropertyfromcasualtyandtheft.
76
77 Gain,ifany,fromfederalForm4684,line39........................................................................................................ 77 .00
78 Section1231gainfrominstallmentsalesfromfederalForm6252,line26orline37,orboth............................. 78 .00
78a Section1231gain(orloss)fromlike-kindexchangesfromfederalForm8824.................................................... 78a
(
.00
)
.00
79 Gain,ifany,fromfederalForm4797,line32,fromotherthancasualtyortheft.................................................. 79 .00
80
Addline76,columngamounts,andline78a,columngamount,andlines76through79,columnhamounts
... 80
(
.00
)
.00
81 Combinecolumnsgandhofline80.Entergain(orloss)here,andonappropriatelineasfollows:.............................................. 81 .00
a) Ifline81isagain,enterthegainasalong-termcapitalgainonSchedule7,line69.
b) Ifline81iszerooraloss,enterthatamountonline83.
Part 2 – Ordinary gains and losses from New York property
a b c d e f g h
Kindofproperty Dateacquired Datesold Grosssales Federal Federalcostor Loss Gain
(if necessary, submit (mmddyyyy) (mmddyyyy) price depreciation otherbasis,plus (f minus (d plus e
statement of descriptive allowed(or improvements the sum of minus f)
details not shown below) allowable) since and expense of d and e)
acquisition sale
82 Ordinarygainsandlossesnotincludedonlines83through87(include property held one year or less)
83 Loss,ifany,fromline81...................................................................................................................................... 83 .00
84 Gain,ifany,fromfederalForm4797,line31........................................................................................................ 84 .00
85 Netgain(orloss)fromfederalForm4684,lines31and38(a)............................................................................ 85 .00 .00
86 OrdinarygainfrominstallmentsalesfromfederalForm6252,line25orline36,orboth................................... 86 .00
86a Ordinarygain(orloss)fromlike-kindexchangesfromfederalForm8824.......................................................... 86a
(
.00
)
.00
87 Recaptureofsection179deduction.................................................................................................................... 87 .00
88 Addlines82,83,85,and86a,columngamounts,andline82andlines84through87,columnhamounts..... 88
(
.00
)
.00
89 Combinecolumnsgandhofline88.Entergain(orloss)hereandonSchedule4,line20,columnb.......................................... 89 .00
a b c d e f g h
Kindofproperty Dateacquired Datesold Grosssales Federal Federalcostor Loss Gain
(if necessary, submit (mmddyyyy) (mmddyyyy) price depreciation otherbasis,plus (f minus (d plus e
statement of descriptive allowed(or improvements the sum of minus f)
details not shown below) allowable) since and expense of d and e)
acquisition sale
Page 4 of 4 IT-205-A (2020)
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Form 20: IT-205-A Fiduciary Allocation Submit with Form (New York State)

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Completed 13 April 2021

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