Form IT-205-A (1041 NY)

Form IT-205-A calculates for nonresident and part-year resident trusts/estates, part-year trusts/estates.

For resident trusts/estates, Form IT-205-A will only calculate if there are nonresident beneficiaries and there is income available to distribute. Even if the available income is not actually distributed, the form will calculate. If there is no income available to be distributed, Onvio Tax will produce a statement that Form IT-205-A is not required.

To force Form IT-205-A to print, mark the Calculate Form IT-205-A due to a change of residency status checkbox on the NYGen screen.

Schedule 2, Income to beneficiaries

Schedule 2  will not complete if you mark the Mark to use special allocations for beneficiary distributions field on the NYGen screen. The special allocation calculation does not use the percentage of distributable net income (DNI) and the state regulations indicate that it should not calculate. The state source income amounts will appear on the Schedule K-1 equivalents.

Schedule 4, State and city income

Interest and dividends from a trade or business source are taxable to the State of New York on Form IT-205-A, Schedule 4. To identify interest and dividends as taxable, enter an In State Source ($ or %), the Postal Code as NY, and State use code 10 for interest and dividends entered on the federal Income, K1, and K1T screens. You can also enter interest and dividends on the federal NY C, F, and K1 screens as allocated income.

To include city income on Form IT-205-A, Schedule 4, you must complete at least one of the following:

  • Enter a city code in the Other income statement on the federal Income screen.
  • Enter a City/state use code on the federal C, F, or K1 screen.
  • Enter is data entered in the Allocation of Net Earnings section on NYC, NYF, and NYK1 screens, all located in the Income folder.
  • Enter interest, dividend or capital gain information on the NY205A screen.

To remove city income on Schedule 4, remove the city codes and/or information on any of the screens listed above, or enter zero (0) on the NY205A screen, City columns.

Schedule 6, Charitable deduction

Schedule 6 is not applicable and will not calculate if the entity is a simple trust, grantor trust, or pooled income fund. If the entity is something other than a simple trust, grantor trust, or pooled income fund and the Schedule 6 is not calculating, mark the Use federal amounts field and enter all applicable information on the NY205A screen, Section IT-205A Schedule 6. 


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