Grantor letter (1041 VT)
This article contains notes about the calculations and adjustments on the Vermont Grantor / Agency Report.
- Special Allocations are an automatic calculation.
- The adjustments are for nonresident and resident beneficiaries.
- For nonresident beneficiaries, Onvio Tax only displays Vermont source income.
- Onvio Tax calculates a bonus depreciation adjustment for all nonresident and resident beneficiaries for assets sold. You can select the beneficiary entity type on the federal BDE screen.
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