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New York Free Printable Form IT-205 Fiduciary Income Tax Return Tax Year 2023 for 2024 New York Fiduciary Income Tax Return

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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 .00 .00 .00 .00 .00 .00 .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 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 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 (    )
Extracted from PDF file 2023-new-york-form-it-205.pdf, last modified November 2006

More about the New York Form IT-205 Corporate Income Tax Tax Return TY 2023

We last updated the Fiduciary Income Tax Return in January 2024, so this is the latest version of Form IT-205, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IT-205 directly from TaxFormFinder. You can print other New York tax forms here.

Related New York Corporate Income Tax Forms:

TaxFormFinder has an additional 271 New York income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the New York Form IT-205.

Form Code Form Name
Form IT-205-V Instructions and Payment Voucher for Fiduciary Income Tax Returns
Form IT-205-A Fiduciary Allocation
Form IT-205-C New York State Resident Trust Nontaxable Certification
Form IT-205-T Allocation of Estimated Tax Payments To Beneficiaries

Download all NY tax forms View all 272 New York Income Tax Forms


Form Sources:

New York usually releases forms for the current tax year between January and April. We last updated New York Form IT-205 from the Department of Taxation and Finance in January 2024.

Show Sources >

Form IT-205 is a New York Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of New York Form IT-205

We have a total of twelve past-year versions of Form IT-205 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form IT-205

Form IT-205 Fiduciary Income Tax Return Tax Year 2023

2022 Form IT-205

Form IT-205 Fiduciary Income Tax Return Tax Year 2022

2021 Form IT-205

Form IT-205 Fiduciary Income Tax Return Tax Year 2021

2020 Form IT-205

Form IT-205 Fiduciary Income Tax Return Tax Year 2020

2019 Form IT-205

Form IT-205:2019:Fiduciary Income Tax Return:it205

2018 Form IT-205

Form IT-205:2018:Fiduciary Income Tax Return:it205

2017 Form IT-205

Form IT-205:2017:Fiduciary Income Tax Return:IT205

2016 Form IT-205

Form IT-205:2016:Fiduciary Income Tax Return:IT205

2015 Form IT-205

Form IT-205:2015:Fiduciary Income Tax Return:IT205

Fiduciary Income Tax Return, Description of Form IT-205 2014 Form IT-205

Form IT-205:2014:Fiduciary Income Tax Return:IT205

Fiduciary Income Tax Return, Description of Form IT-205 2013 Form IT-205

Form IT-205:2013:Fiduciary Income Tax Return:IT205

2012 Form IT-205

Form IT-205:2012:Fiduciary Income Tax Return:IT205


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