Fillable Form 20: IT-205 Fiduciary Income Tax Return (New York State)

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Form 20: IT-205 Fiduciary Income Tax Return (New York State)

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205001200094
Department of Taxation and Finance
Fiduciary Income Tax Return
New York State • New York City • Yonkers
For the full year Jan. 1, 2020, through Dec. 31, 2020, or scal year beginning and ending
Name of estate or trust (as shown on federal Form SS-4) Date entity created
Name and title of duciary
Identication number of estate or trust
Address of duciary (number and street or rural route)
Decedent’s Social Security number (SSN) (see instr.)
City, village, or post oce State ZIP code
Country:
Trust meets conditions of section 605(b)(3)
(D)
Amended return
(submit explanation)
Income distribution
deduction (see instructions)
Mark an X in the applicable box:
Initial return Final return
A Total income (from page 2, line 51 or Form IT-205-A, line 22, column a) ............................................. A .00
B New York adjusted gross income (from NYAGI worksheet, line 5; see instructions) .......................... B .00
C Amount from Form IT-205-A, Schedule 1, line 10, column a ..................................................... C .00
1 Federal taxable income of duciary (from page 2, line 62 or Form IT-205-A, line 6, column a) ........... 1 .00
2 New York modications relating to amounts allocated to principal ............................................. 2 .00
3 Balance (line 1 plus or minus line 2) ............................................................................................... 3 .00
4 Fiduciary’s share of New York duciary adjustment
(from Schedule C, columns 5 and 6; see instructions)
4 .00
5 New York taxable income of duciary (line 3 plus or minus line 4) .................................................. 5 .00
6 New York State tax on line 5 amount (full-year resident estate and trust only) ................................. 6 .00
7 New York State amount from Form IT-230, Part 2, line 2 (resident estate and trust only) .............. 7 .00
8 Add lines 6 and 7 ....................................................................................................................... 8 .00
9 Allocated New York State tax (from Form IT-205-A, Schedule 1, line 13)
If you completed Form IT-230, Part 2, mark an X in this box
............................................. 9 .00
10 Nonrefundable state credits (submit schedule) .............................................................................. 10 .00
11 Subtract line 10 from line 8 or line 9 ........................................................................................... 11 .00
12 State separate tax on lump-sum distributions and other addbacks ........................................... 12 .00
13 This line intentionally left blank .................................................................................................. 13
14 Total New York State tax
(add lines 11 and 12; see instructions) ......................................................
14
.00
15a
New York City resident tax on line 5 amount (see instructions)
15a
.00
15b New York City part-year resident tax (see instructions) ......
15b
.00
16
New York City amount from Form IT-230, Part 2, line 2 (see instructions)
16 .00
17 Add line 15a or 15b to line 16 .......................................... 17 .00
18 New York City accumulation distribution credit ................ 18 .00
19 Subtract line 18 from line 17 (if less than zero, leave blank) 19 .00
20
New York City separate tax on lump-sum distributions (see instructions)
20 .00
21 Add lines 19 and 20 ......................................................... 21 .00
22 Other New York City credits (see instructions) .................... 22 .00
23 Subtract line 22 from line 21
(if less than zero, leave blank) ............................................................
23
.00
24 This line intentionally left blank ..................................................................................................
24
25 Yonkers resident income tax surcharge
(from Yonkers worksheet, line e; see instructions) ............... 25 .00
26 Yonkers part-year resident income tax surcharge
(from Form IT-205-A-I, Worksheet C, line 14) ......
26
.00
27 Yonkers nonresident duciary earnings tax
(from Form Y-206, line 10) ..........................................
27
.00
28 Sales or use tax (see instructions) .............................................................................................. 28 .00
29
Total NYS, NYC, Yonkers taxes, and sales or use tax (add lines 14 and 23 through 28; see instructions)
29 .00
IT-205
20
Type of entity
from Form 1041:
Decedent’s estate
Simple trust
Complex trust
Qualied disability trust
ESBT (S portion only)
Grantor type trust
Bankruptcy estate-Ch. 7
Bankruptcy estate-Ch. 11
Po
oled income fund
Qualifying special conditions
for ling your 2020 tax
return (see instructions)
Number of
beneciaries
For oce use only
See Form IT-205-I, Instructions for Form IT-205, for assistance.
205002200094
Page 2 of 4 IT-205 (2020)
Schedule A Details of federal taxable income of a duciary of a resident estate or trust – Enter items as reported for federal tax
purposes or submit federal Form 1041. Submit a copy of federal Schedule K-1 (Form 1041) for each beneciary.
43 Interest income ...................................................................................................................... 43
.00
44 Dividends ............................................................................................................................... 44 .00
45 Business income (or loss) (submit copy of federal Schedule C, Form 1040) ................................. 45 .00
46 Capital gain (or loss) (submit copy of federal Schedule D, Form 1041) ......................................... 46 .00
47
Rents, royalties, partnerships, other estates & trusts (submit copy of federal Schedule E, Form 1040)
47 .00
48 Farm income (or loss) (submit copy of federal Schedule F, Form 1040) ........................................ 48 .00
49 Ordinary gain (or loss) (submit copy of federal Form 4797) ......................................................... 49 .00
50 Other income (state nature of income) ....................................................................................... 50 .00
51 Total income
(add lines 43 through 50; enter here and on page 1, line A) ......................................
51
.00
52 Interest .................................................................................................................................. 52 .00
53 Taxes ..................................................................................................................................... 53 .00
54 Fiduciary fees ........................................................................................................................ 54 .00
55 Charitable deduction ............................................................................................................. 55 .00
56 Attorney, accountant, and return preparer fees ..................................................................... 56 .00
57 Other deductions (itemize on an additional sheet) ...................................................................... 57 .00
58
Income distribution deduction (submit copy of federal Schedules K-1, Form 1041, for each beneciary)
58 .00
59 Estate tax deduction (submit computation) ................................................................................ 59 .00
59a Qualied business income deduction (submit copy of federal Form 8995 or 8995-A) ................... 59a .00
60 Exemption (federal) ................................................................................................................ 60 .00
61 Total (add lines 52 through 60) ................................................................................................... 61 .00
62
Federal taxable income of duciary (subtract line 61 from line 51; enter here and on page 1, line 1)
.... 62 .00
Deductions Income
30 Estimated tax paid (including payments made with Form IT-370-PF) ................................................ 30 .00
31 Estimated tax payments allocated to beneciaries (from Form IT-205-T) ..................................... 31 .00
32 Subtract line 31 from line 30 ....................................................................................................... 32 .00
32a
Amount paid with original return, plus additional tax paid after your original return was led (see instr.)
32a
.00
33 Refundable credits
Identify:
33 .00
34 New York State tax withheld ....................................................................................................... 34 .00
35 New York City tax withheld .........................................................................................................
35 .00
36 Yonkers tax withheld ..................................................................................................................
36 .00
37 Total payments (add lines 32 through 36; if this is an amended return, see instructions) ....................... 37 .00
38 Amount overpaid (if line 37 is more than the total of lines 29 and 42, subtract the total of
lines 29 and 42 from line 37) ......................................................................................................... 38 .00
39 Amount of line 38 to be refunded
Mark an X in one box: direct deposit
(complete line 71) - or - paper check ............. 39 .00
40
Amount of line 38 that you want applied to your 2021 estimated tax
40 .00
41 Amount you owe (if line 37 is less than the total of lines 29, 42, and 42a, subtract line 37 from the total
of lines 29, 42, and 42a). To pay by electronic funds withdrawal, mark an X in the box and
ll in lines 71 and 72.
If you p
ay by check or money order you must complete
Form IT-205-V and mail it with your return
(see instructions)
........................................................ 41 .00
42 Estimated tax penalty (see instructions) ............................. 42 .00
42a Other penalties and interest (see instructions) ...................
42a
.00
Refund? Direct deposit is the
easiest, fastest way to get your
refund.
See page 13 of the instructions
for payment options.
205003200094
a
b
c
Schedule B – New York duciary adjustment of a resident or a nonresident estate or trust or a part-year resident trust
63
Interest income on state and local bonds other than New York (gross amount not included in federal income)
63 .00
64
Income taxes (or general sales tax, if applicable) deducted on federal duciary return (see instructions)
64 .00
65 Other (from Form IT-225, line 9; see instructions) ........................................................................ 65 .00
66 Total additions (add lines 63, 64, and 65) ................................................................................... 66 .00
67
Interest income on U.S. obligations included in federal income
67 .00
68 Other (from Form IT-225, line 18; see instructions) ............ 68 .00
69 Total subtractions (add lines 67 and 68) .................................................................................... 69 .00
70 New York duciary adjustment (dierence between lines 66 and 69; enter here and on total line in
Schedule C, column 5, if applicable) ........................................................................................ 70 .00
70a Total additions (from Form IT-558, line 9; see instructions) 70a .00
70b Total subtractions
(from Form IT-558, line 18; see instructions)
70b .00
70c Form IT-558 duciary adjustment (dierence between lines 70a and 70b; enter here and
on total line in Schedule C, column 6, if applicable) .................................................................... 70c .00
Schedule C – Shares of New York duciary adjustment of a resident or a nonresident estate or trust or a part-year resident
trust (Submit additional sheets, if necessary; see instructions)
Additions
Subtractions
IT-205 (2020) Page 3 of 4
A If inter vivos trust, enter name and address of grantor:
B
If revocable trust which changed state or city residence during the year, enter the date of the change of residence (see instr.)
:
C
Resident status – mark an X in all boxes that apply:
(1) NYS full-year resident estate or trust (5) NYC part-year resident trust
(2) NYS part-year resident trust (6) Yonkers full-year resident estate or trust
(3) NYS full-year nonresident estate or trust (7) Yonkers part-year resident trust
(4) NYC full-year resident estate or trust (8) Yonkers full-year nonresident estate or trust
D If an estate, indicate last known address of decedent
E Nonresident estate - indicate state of residency
F
Submit a list of executors or trustees with their addresses and identication numbers (SSN or EIN).
G
If a grantor trust, enter the identication number (SSN or EIN) of the individual reporting the income/loss ....
H Has the estate or trust (or an entity of which the estate or trust is an owner) been convicted of Bribery
Involving Public Servants and Related Oenses, Corrupting the Government, or Defrauding the
Government (NYS Penal Law Article 200 or 496, or section 195.20)?................................................................... Yes No
I Was the estate or trust required to report any nonqualied deferred compensation, as required by IRC § 457A,
on its 2020 federal return?
(see instructions) ........................................................................................................... Yes No
Beneciary information – List the beneciary’s name and address here. If the beneciary is a nonresident of NYS or Yonkers, mark an X in the
applicable box. For each beneciary, complete columns 2 through 6 on the corresponding lines below.
Shares of federal distributable net income
3 – Amount 4 – Percent
2 – Identifying number
of beneciary
5 – Shares of New York
duciary adjustment
a
.00 .00 .00
b .00 .00 .00
c .00 .00 .00
Totals from additional sheets .00 .00
.00
Fiduciary ............................
.00 .00 .00
Totals ................................ .00 100% .00 .00
1 – Name 1b – Number and street City State ZIP code NYS Yonkers
Additional estate or trust information
Form IT-558
▲
This total must equal line 70 amount
6 – Shares of Form IT-558
duciary adjustment
▲
This total must equal line 70c amount
205004200094
Page 4 of 4 IT-205 (2020)
Print designee’s name Designee’s phone number Personal identication
( )
number (PIN)
Email:
Third-party
designee?
(see instr.)
Yes No
▼ Paid preparer must complete ▼
(see instructions)
Preparer’s NYTPRIN NYTPRIN
excl. code
Preparer’s signature Preparer’s printed name
Firm’s name (or yours, if self-employed) Preparer’s PTIN or SSN
Address Employer identication number
Date
Email:
71 Account information for direct deposit or electronic funds withdrawal (see instructions).
If the funds for your payment (or refund) would come from (or go to) an account outside the U.S., mark an X in this box (see instr.)
71a Account type: Personal checking - or - Personal savings - or - Business checking - or - Business savings
71b Routing number 71c Account number
72 Electronic funds withdrawal (see instructions) ............. Date Amount .00
Signature of duciary or ocer representing duciary
Printed name of person who signed above
Date Daytime phone number
(
)
Email:
▼ Sign return here ▼
See instructions for where to mail your return.
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Form 20: IT-205 Fiduciary Income Tax Return (New York State)

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Completed 17 February 2021

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