New York Fiduciary Income Tax Return

Fiduciary Income Tax Return
Form IT-205 Fiduciary Income Tax Return Tax Year 2023
IT-205

Department of Taxation and Finance

Fiduciary Income Tax Return
New York State • New York City • Yonkers
Type of entity
from Form 1041:
	

Decedent’s estate

	

Simple trust

	

Complex trust

	

Qualified disability trust

	

ESBT (S portion only)

	

Grantor type trust

	

Bankruptcy estate-Ch. 7

	

Bankruptcy estate-Ch. 11

	

Pooled income fund

For the full year Jan. 1, 2023, through Dec. 31, 2023, or fiscal year beginning	
See Form IT-205-I, Instructions for Form IT-205, for assistance.
Name of estate or trust (as shown on federal Form SS-4)				

Amended return

(submit explanation)

	23

and ending

Date entity created

Name and title of fiduciary						

Identification number of estate or trust

Address of fiduciary (number and street or rural route)				

Decedent’s Social Security number (SSN) (see instr.)

City, village, or post office	

State	

ZIP code

Country:	
Income distribution
deduction (see instructions)

Number of
beneficiaries

Mark an X in the applicable box:
Initial return	
Final return
Trust meets conditions of section 605(b)(3)(D)
Qualifying special conditions
for filing your 2023 tax
return (see instructions)

	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 fiduciary (from page 2, line 62 or Form IT-205-A, line 6, column a) ............	 1	
.00
	2	New York modifications 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 fiduciary adjustment (from Schedule C, column 5; see instructions)..........	 4	
.00
	5	New York taxable income of fiduciary (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 fiduciary 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

205001230094

For office use only

Page 2 of 4 IT-205 (2023)
	 30	 Estimated tax paid (including payments made with Form IT-370-PF) .................................................	30	
	31	 Estimated tax payments allocated to beneficiaries (from Form IT-205-T) ......................................	 31	
	32	 Subtract line 31 from line 30........................................................................................................	 32	
	32a	 Amount paid with original return, plus additional tax paid after your original return was filed (see instr.).	 32a	
	33	 Refundable credits	 Identify:		
33	
	34	 New York State tax withheld .......................................................................................................	 34	
	 35	 New York City tax withheld ..........................................................................................................	 35	
	 36	 Yonkers tax withheld ...................................................................................................................	 36	
	37	 Total payments (add lines 32 through 36; if this is an amended return, see instructions)........................	 37	
	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	
	39	 Amount of line 38 to be refunded
		  Mark an X in one box:	 direct deposit (complete line 71)	
- or -	paper check 	
..............	 39	

.00
.00
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.00
.00
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.00
.00
.00

		  TIP: Use this amount to check your refund status online.

Refund? Direct deposit is the
easiest, fastest way to get your
	40	 Amount of line 38 that you want applied to your 2024 estimated tax 		 40	
.00 refund.
	41	 Amount you owe (if line 37 is less than the total of lines 29, 42, and 42a, subtract line 37 from the total See instructions for payment
 			 of lines 29, 42, and 42a). To pay by electronic funds withdrawal, mark an X in the box	
and options.

		  fill in lines 71 and 72. If you pay 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
Schedule A  Details of federal taxable income of a fiduciary 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 beneficiary.

Deductions

Income

	43	 Interest income .......................................................................................................................	 43	
	44	
Dividends ...............................................................................................................................	 44	
	45	
Business income (or loss) (submit copy of federal Schedule C, Form 1040)..................................	 45	
	46	
Capital gain (or loss) (submit copy of federal Schedule D, Form 1041)..........................................	 46	
	47	
Rents, royalties, partnerships, other estates & trusts (submit copy of federal Schedule E, Form 1040)	 47	
	48	 Farm income (or loss) (submit copy of federal Schedule F, Form 1040).........................................	 48	
	49	
Ordinary gain (or loss) (submit copy of federal Form 4797)..........................................................	 49	
	50	
Other income (state nature of income)........................................................................................	 50	
51	 Total income (add lines 43 through 50; enter here and on page 1, line A) ....................................... 	 51	
	
	52	
Interest ...................................................................................................................................	52	
	53	
Taxes ......................................................................................................................................	 53	
	54	
Fiduciary fees .........................................................................................................................	 54	
	55	
Charitable deduction ..............................................................................................................	 55	
	56	
Attorney, accountant, and return preparer fees ......................................................................	 56	
	57	
Other deductions (itemize on an additional sheet) .......................................................................	 57	
	58	 Income distribution deduction (submit copy of federal Schedules K-1, Form 1041, for each beneficiary)	 58	
	59	
Estate tax deduction (submit computation).................................................................................	 59	
	59a	
Qualified business income deduction (submit copy of federal Form 8995 or 8995-A)....................	 59a	
	60	
Exemption (federal).................................................................................................................	 60	
	61	
Total (add lines 52 through 60)....................................................................................................	 61	
62	 Federal taxable income of fiduciary (subtract line 61 from line 51; enter here and on page 1, line 1).....	 62	
	

205002230094

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IT-205 (2023)  Page 3 of 4
Schedule B – New York fiduciary 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	
	64	
Income taxes (or general sales tax, if applicable) deducted on federal fiduciary return (see instructions) .	 64	
	65	
Other (from Form IT-225, line 9; see instructions) .........................................................................	 65	
	66	
Total additions (add lines 63, 64, and 65)....................................................................................	 66	
	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	
	70	
New York fiduciary adjustment (difference between lines 66 and 69; enter here and on total line in
		  Schedule C, column 5, if applicable) .........................................................................................	 70	

Subtractions Additions

.00
.00
.00
.00
.00
.00

Schedule C – Shares of New York fiduciary adjustment of a resident or a nonresident estate or trust or a part-year resident
trust (Submit additional sheets, if necessary; see instructions)
	Beneficiary information – List the beneficiary’s name and address here. If the beneficiary is a nonresident of NYS or Yonkers, mark an X in the
applicable box. For each beneficiary, complete columns 2 through 5 on the corresponding lines below.
1 – Name
a
b
c
	

2 – Identifying number
of beneficiary

	
	a		

1b – Number and street

City

Shares of federal distributable net income
3 – Amount	

	b		
	c		
Totals from additional sheets	
Fiduciary ............................. 	
Totals ................................. 	

4 – Percent

	

.00		
.00		
.00		
.00		
.00		
.00	100%	

State

5 – Shares of New York
fiduciary adjustment

ZIP code

NYS	 Yonkers

.00
.00
.00

.00

.00
.00 ◄ This total must equal line 70 amount

Additional estate or trust information
	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 identification numbers (SSN or EIN).
	G	If a grantor trust, enter the identification 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 Offenses, Corrupting the Government, or Defrauding the
		  Government (NYS Penal Law Article 200 or 496, or section 195.20)?...................................................................	Yes 	

205003230094

No

Page 4 of 4 IT-205 (2023)
	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 -	

71b	 Routing number	

	

Personal savings	 - or -	

Business checking	 - or -	

Business savings

71c	 Account number

	 72	 Electronic funds withdrawal (see instructions) .............. 	Date	Amount	
.00
	 Print designee’s name	
Third-party
designee? (see instr.) 			

	 Yes	

No

▼  Paid

	

Designee’s phone number	

Personal identification
number (PIN)

(    )	

	Email:

preparer must complete  ▼ Preparer’s NYTPRIN	

(see instructions)

Preparer’s signature	

	

NYTPRIN
excl. code

Preparer’s printed name

Firm’s name (or yours, if self-employed)			

Preparer’s PTIN or SSN

Address			

Employer identification number

				Date
Email:

▼  Sign return here  ▼
Signature of fiduciary or officer representing fiduciary
Printed name of person who signed above
Date	
	
Email:

See instructions for where to mail your return.

205004230094

Daytime phone number
(    )