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New York Free Printable Form IT-205-A Fiduciary Allocation Tax Year 2023 for 2024 New York Fiduciary Allocation

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Fiduciary Allocation
Form IT-205-A Fiduciary Allocation Tax Year 2023

IT-205-A Department of Taxation and Finance Fiduciary Allocation Submit with Form IT-205 23 For the full year January 1, 2023, through December 31, 2023 or fiscal year beginning Name of estate or trust (as shown on federal Form SS-4) and ending Identification number of estate or trust Complete this form as follows: – Resident estate or trust with any nonresident beneficiaries If any of the income distributable to the nonresident beneficiaries 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. 207001230094 However, do not complete Form IT-205-A if none of the income distributable to the nonresident beneficiaries is derived from New York State sources, even if other income is distributable to those beneficiaries. In this case, include a statement with Form IT-205, Fiduciary Income Tax Return, to the effect that the distributable income of the nonresident beneficiaries 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 1 Adjusted total income (or loss) (from line 30, column a; see instructions)........................................... 2 Income distribution deduction (from federal Form 1041, Schedule B, line 15; submit copy of each   federal Schedule K-1 (Form 1041)) ................................................................................................ 3 Estate tax deduction (submit computation)...................................................................................... 4 Exemption (federal)...................................................................................................................... 5 Total (add lines 2, 3, and 4).............................................................................................................. 6 Federal taxable income of fiduciary (subtract line 5 from line 1; enter column a   amount on Form IT-205, page 1, line 1). .......................................................................................... 7 New York modifications relating to amounts allocated to principal (see instructions). .................... 8 Balance (line 6 and add or subtract line 7)......................................................................................... 9 Fiduciary’s share of New York fiduciary adjustment (from Form IT-205; see instructions).................. 10 New York taxable income of fiduciary (line 8, and add or subtract line 9; see instructions)................... 11 New York State base tax on line 10 amount (see instructions)....................................................... 12 Income percentage - income percentage may be greater than 100% (see instructions)................ 13 Allocated New York State tax (multiply line 11 by the decimal on line 12; enter here and   on Form IT-205, line 9).................................................................................................................. a Total federal amount 1 a b Fiduciary Totals Shares of federal distributable net income (see instructions) 1 2 Amount Percentage .00 .00 .00 .00 .00 .00 .00 .00 6 7 8 9 10 11 12 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 13 .00 3 4 Shares of income Shares of from New York sources fiduciary adjustment .00 .00 .00 .00 100% .00 .00 .00 .00 .00 2 3 4 5 Schedule 2 – Fiduciary’s and beneficiary’s share of income from New York State sources (see instructions) Beneficiary - same as on Form IT-205, Schedule C .00 b Amount from New York City resident period .00 .00 .00 .00 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 fiduciary’s share of fiduciary adjustment on the New York State income percentage worksheet, line e in Form IT-205-A-I. If the fiduciary adjustment is a positive amount, it must be added to income; if it is a negative amount, it must be subtracted from income. Schedule 3 – Nonresident beneficiary’s share of income and deduction from New York State sources (see instructions) Beneficiary - same as on Form IT-205, Schedule C a b 1 Dividends from New York sources 3 Long-term capital gain from New York property 2 Short-term capital gain from New York property .00 .00 .00 .00 4 Other taxable income from New York sources .00 .00 Nonresident beneficiaries 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. 5 Other deductions from New York sources .00 .00 (see instructions; submit schedule) Page 2 of 4 IT-205-A (2023) Schedule 4 – Details of federal distributable net income and amounts from New York State sources (see instructions) a – Federal amount b – Amount of column a c – Amount of column a from New York sources for New York City resident period Lines 14 through 30, column a are similar to entries on federal Form 1041, page 1. d – Amount of column a for Yonkers resident period .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 18 .00 .00 .00 .00 19 20 21 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 22 23 Interest.............................................................. 23 24 Taxes................................................................. 24 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 32 33 34 .00 .00 .00 .00 .00 .00 .00 .00 .00 35 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 14 Interest income . ............................................... 14 15 Dividends ......................................................... 15 16 Business income (or loss) (submit copy of federal   Schedule C, Form 1040)..................................... 16 Income 17 Capital gain (or loss) (submit copy of federal   Schedule D, Form 1041)..................................... 17 18 Rents, royalties, partnerships, other estates and trusts, Deductions   etc. (submit copy of federal Schedule E, Form 1040) 19 Farm income (or loss) (submit copy of federal   Schedule F, Form 1040). .................................... 20 Ordinary gain (or loss) (submit federal Form 4797) 21 Other income (state nature of income).................. 22 Total income (add lines 14 through 21; enter column a   amount on Form IT-205, page 1, item A). .................. 25 Fiduciary fees ................................................... 25 26 Charitable deduction ........................................ 26 27 Attorney, accountant, and return preparer fees........ 27 28 Other deductions (submit schedule; see instructions) 28 29 Total (add lines 23 through 28). ............................. 29 30 Adjusted total income (or loss) (subtract line 29 from line 22). 30 .00 .00 Lines 31 through 38, column a, are similar to entries on federal Form 1041, Schedule B. 31 Adjusted tax-exempt interest . ............................... 31 32 Net gain shown on Schedule 7, line 75, column 1   (if net loss, enter 0). ............................................... 33 Enter the amount from Schedule 6, line 55 ............. 34 Short-term capital gain included on Schedule 6, line 47 35 If amount on line 17 above is a capital loss,   enter amount here (as a positive figure)................. 36 Total (add lines 30 through 35). .................................. 36 37 If amount on line 17 above is a capital gain,   enter that amount here....................................... 37 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 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 New York State, where you carry on business). 207002230094 Items used as factors 39 40 41 41a 42 43 Property percentage (see instructions) Real property owned ............................................................. 39 Real property rented from others .......................................... 40 Tangible personal property owned ........................................ 41 Tangible personal property rented from others....................... 41a Property percentage (add lines 39 through 41a; see instructions). 42 Payroll percentage (see instructions)........................................ 43 1 Totals - inside and out of New York State .00 .00 .00 .00 .00 .00 .00 2 New York State amounts 3 Percent column 2 is of column 1 .00 .00 .00 .00 .00 .00 .00 44 Gross income percentage (see instructions)............................. 44 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 manner shown the amounts from New York State sources in Schedule 4, column b, apply the percentage on line 46 in below to each item of income or deduction that is both reported in Schedule 4, column a, and required to be allocated. .00 × .00 From line number $ % = $ % % % % % IT-205-A (2023)  Page 3 of 4 Schedule 6 – Computation of New York charitable deduction .00 47 Amounts paid or permanently set aside for New York charitable purposes from gross income (see instructions)............... 47 48 Tax-exempt income from sources outside New York State allocable   to New York charitable contribution............................................................................. 48 49 50 51 52 53 54 55 56 57 58 .00 Lines 49 through 53 intentionally left blank............................................................................. ................................................................................................................................................ ................................................................................................................................................ ................................................................................................................................................ ........................................................................................................................................................................................... 53 Balance (subtract line 48 from line 47). ................................................................................................................................... 54 Capital gains for the tax year allocated to corpus and paid or permanently set aside for New York charitable purposes 55 Add lines 54 and 55............................................................................................................................................................ 56 Section 1202 exclusion allocable to capital gains paid or permanently set aside for New York charitable purposes........ 57 Total (subtract line 57 from line 56).......................................................................................................................................... 58 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) .00 .00 .00 .00 .00 Part 1 – Short-term capital gains and losses – assets of New York property held one year or less a Kind of property and description b c d e f 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 .00 .00 .00 59 60 Short-term capital gain (or loss) from installment sales and like-kind exchanges of New York property........................... 61 Net short-term gain (or loss) from New York property derived from partnerships, S corporations, and   other estates or trusts .................................................................................................................................................... 62 Net gain (or loss) (combine lines 59 through 61)..................................................................................................................... 63 Short-term capital loss carryover (submit computation)......................................................................................................... 64 Net short-term gain (or loss) (combine lines 62 and 63; enter here and on line 73).................................................................... .00 .00 .00 60 .00 .00 .00 .00 61 62 63 64 .00 .00 .00 .00 .00 .00 .00 66 .00 .00 .00 .00 67 68 69 70 71 72 .00 .00 .00 .00 .00 .00 Part 2 – Long-term capital gains and losses – assets of New York property held more than one year 65 .00 .00 .00 66 Long-term capital gain (or loss) from installment sales and like-kind exchanges of New York property............................ 67 Net long-term gain (or loss) from New York property derived from partnerships, S corporations, and   other estates or trusts .................................................................................................................................................... 68 Capital gain distributions ................................................................................................................................................... 69 Enter gain, if any, from Schedule 8, line 81........................................................................................................................ 70 Net gain (or loss) (combine lines 65 through 69)..................................................................................................................... 71 Long-term capital loss carryover from 2022 (submit computation)........................................................................................ 72 Net long-term gain (or loss) (combine lines 70 and 71; enter here and on line 74). .................................................................... Part 3 – Summary of Parts 1 and 2 73 Net short-term gain (or loss) from line 64, column f .................... 73 74 Net long-term gain (or loss) from line 72, column f ..................... 74 75 Total net gain (or loss) (line 73 and add or subtract line 74)............... 75 1 – Beneficiaries .00 .00 .00 2 – Fiduciary .00 .00 .00 3 – Total   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. 207003230094 .00 .00 .00 Page 4 of 4 IT-205-A (2023) 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. a Kind of property b c d e f g h 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 .00 .00 .00 .00 .00 .00 .00 76 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 77 Gain, if any, from federal Form 4684, line 39......................................................................................................... 77 78 Section 1231 gain from installment sales from federal Form 6252, line 26 or line 37, or both.............................. 78 78a Section 1231 gain (or loss) from like-kind exchanges from federal Form 8824..................................................... 78a ( .00) 79 Gain, if any, from federal Form 4797, line 32, from other than casualty or theft ................................................... 79 80 Add line 76, column g amounts, and line 78a, column g amount, and lines 76 through 79, column h amounts .... 80 ( .00) 81 Combine columns g and h of line 80. Enter gain (or loss) here, and on appropriate line as follows:............................................... 81   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. .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 Part 2 – Ordinary gains and losses from New York property a Kind of property b c d e f g h 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) .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 83 Loss, if any, from line 81 ....................................................................................................................................... 83 84 Gain, if any, from federal Form 4797, line 31......................................................................................................... 84 85 Net gain (or loss) from federal Form 4684, lines 31 and 38(a) ............................................................................. 85 .00 86 Ordinary gain from installment sales from federal Form 6252, line 25 or line 36, or both .................................... 86 86a Ordinary gain (or loss) from like-kind exchanges from federal Form 8824 ........................................................... 86a ( .00) 87 Recapture of section 179 deduction ..................................................................................................................... 87 88 Add lines 82, 83, 85, and 86a, column g amounts, and line 82 and lines 84 through 87, column h amounts ...... 88 ( .00) 89 Combine columns g and h of line 88. Enter gain (or loss) here and on Schedule 4, line 20, column b . ......................................... 89 207004230094 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00
Extracted from PDF file 2023-new-york-form-it-205-a.pdf, last modified November 2006

More about the New York Form IT-205-A Individual Income Tax TY 2023

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

Related New York Individual 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-A.

Form Code Form Name
Form IT-205 Fiduciary Income Tax Return
Form IT-205-V Instructions and Payment Voucher for Fiduciary Income Tax Returns
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-A from the Department of Taxation and Finance in January 2024.

Show Sources >

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

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

We have a total of twelve past-year versions of Form IT-205-A 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-A

Form IT-205-A Fiduciary Allocation Tax Year 2023

2022 Form IT-205-A

Form IT-205-A Fiduciary Allocation Tax Year 2022

2021 Form IT-205-A

Form IT-205-A Fiduciary Allocation Tax Year 2021

2020 Form IT-205-A

Form IT-205-A Fiduciary Allocation Tax Year 2020

2019 Form IT-205-A

Form IT-205-A:2019:Fiduciary Allocation:it205a

2018 Form IT-205-A

Form IT-205-A:2018:Fiduciary Allocation:it205a

2017 Form IT-205-A

Form IT-205-A:2017:Fiduciary Allocation:it205a

2016 Form IT-205-A

Form IT-205-A:2016:Fiduciary Allocation:IT205A

2015 Form IT-205-A

Form IT-205-A:2015:Fiduciary Allocation:IT205A

Fiduciary Allocation 2014 Form IT-205-A

Form IT-205-A:2014:Fiduciary Allocation:IT205A

Fiduciary Allocation 2013 Form IT-205-A

Form IT-205-A:2013:Fiduciary Allocation:IT205A

2012 Form IT-205-A

Form IT-205-A:2012:Fiduciary Allocation:IT205A


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