New York Form IT-205-A, Fiduciary Allocation, is used with Form IT-205 to allocate estate or trust income, deductions, gains, losses, charitable deductions, and New York source amounts. The form is mainly used when a resident estate or trust has nonresident beneficiaries who receive income from New York State sources, or when the filer is a nonresident estate, nonresident trust, or part-year resident trust. It helps determine how much of the fiduciary income is taxable to New York, how much belongs to beneficiaries, how much belongs to the fiduciary, and what portion of income or deductions is connected with New York State, New York City, or Yonkers. The form includes several schedules that must be completed in a specific order. Schedule 4 reports federal distributable net income and New York source amounts. Schedule 2 allocates income and fiduciary adjustment between the fiduciary and beneficiaries. Schedule 3 reports a nonresident beneficiary’s New York source income and deductions. Schedule 1 computes the New York tax for a nonresident estate or trust or a part-year resident trust. Additional schedules are used when business income must be allocated by formula, when New York charitable deductions are claimed, or when the estate or trust has gains or losses from New York property. In simple terms, IT-205-A supports the fiduciary income tax return by showing where income comes from, who receives it, and how much is taxable to New York.
How To File New York IT-205-A Form
Submit Form IT-205-A with Form IT-205. A resident estate or trust with nonresident beneficiaries should complete this form only if income distributable to those nonresident beneficiaries is derived from New York State sources. In that case, complete Schedule 4 first, then Schedule 2, then Schedule 3. After that, complete Schedule 5, Schedule 6, Schedule 7, or Schedule 8 only if they apply. If none of the income distributable to nonresident beneficiaries is from New York State sources, do not complete Form IT-205-A. Instead, include a statement with Form IT-205 explaining that the distributable income of the nonresident beneficiaries consists only of income not taxable to nonresident individuals. A nonresident estate or trust or part-year resident trust should complete Schedule 4, Schedule 2, Schedule 3, and Schedule 1 in that order, then complete any additional schedules that apply. Use Schedule 5 if business is carried on both inside and outside New York and the books do not show the New York income clearly. Use Schedule 6 if the estate or trust claims a New York charitable contribution deduction. Use Schedule 7 and Schedule 8 if the estate or trust has gains or losses from New York property.
How To Complete New York IT-205-A Form
Top Of Form
Tax Year: Enter the full-year 2025 period if filing on a calendar-year basis. If filing for a fiscal year, enter the beginning and ending dates.
Name Of Estate Or Trust: Enter the estate or trust name as shown on federal Form SS-4.
Identification Number Of Estate Or Trust: Enter the estate or trust identification number.
Completion Order Rules
Resident Estate Or Trust With Nonresident Beneficiaries: Complete Schedule 4, then Schedule 2, then Schedule 3 if any distributable income to nonresident beneficiaries is from New York State sources.
Resident Estate Or Trust With No New York Source Income For Nonresident Beneficiaries: Do not complete this form if the nonresident beneficiaries receive no New York source distributable income. Include a statement with Form IT-205 explaining that their distributable income is not taxable to nonresident individuals.
Nonresident Estate Or Trust: Complete Schedule 4, Schedule 2, Schedule 3, and Schedule 1 in that order.
Part-Year Resident Trust: Complete Schedule 4, Schedule 2, Schedule 3, and Schedule 1 in that order.
Schedule 5 Requirement: Complete Schedule 5 if the estate or trust carries on business inside and outside New York State and does not keep books and records that clearly determine New York business income.
Schedule 6 Requirement: Complete Schedule 6 if the estate or trust claims a deduction for New York charitable contributions.
Schedule 7 And Schedule 8 Requirement: Complete Schedule 7 and Schedule 8 if the estate or trust has gains or losses from the sale or disposition of New York property.
Schedule 1: Computation Of New York Tax Of A Nonresident Estate Or Trust Or Part-Year Resident Trust
Use Schedule 1 to compute New York taxable income and allocated New York State tax for a nonresident estate or trust or part-year resident trust. Column A is for total federal amounts. Column B is for the amount from the New York City resident period.
Line 1: Adjusted Total Income Or Loss: Enter adjusted total income or loss from Schedule 4, Line 30, Column A. Enter the New York City resident period amount in Column B when applicable.
Line 2: Income Distribution Deduction: Enter the income distribution deduction from federal Form 1041, Schedule B, Line 15. Submit a copy of each federal Schedule K-1, Form 1041.
Line 3: Estate Tax Deduction: Enter the estate tax deduction and submit the required computation.
Line 4: Federal Exemption: Enter the federal exemption amount.
Line 5: Total: Add Lines 2, 3, and 4.
Line 6: Federal Taxable Income Of Fiduciary: Subtract Line 5 from Line 1. Enter the Column A amount on Form IT-205, Page 1, Line 1.
Line 7: New York Modifications Relating To Amounts Allocated To Principal: Enter the New York modifications connected to amounts allocated to principal.
Line 8: Balance: Combine Line 6 and Line 7. Add or subtract Line 7 depending on whether the modification increases or decreases income.
Line 9: Fiduciary’s Share Of New York Fiduciary Adjustment: Enter the fiduciary’s share of the New York fiduciary adjustment from Form IT-205.
Line 10: New York Taxable Income Of Fiduciary: Combine Line 8 and Line 9. Add or subtract Line 9 depending on whether the fiduciary adjustment is positive or negative.
Line 11: New York State Base Tax: Enter the New York State base tax calculated on the Line 10 amount.
Line 12: Income Percentage: Enter the income percentage. This percentage may be greater than 100%.
Line 13: Allocated New York State Tax: Multiply Line 11 by the decimal on Line 12. Enter the result here and on Form IT-205, Line 9.
Schedule 2: Fiduciary’s And Beneficiary’s Share Of Income From New York State Sources
Use Schedule 2 to divide distributable net income, New York source income, and fiduciary adjustment between beneficiaries and the fiduciary.
Schedule 2, Beneficiary A: Enter the first beneficiary exactly as listed on Form IT-205, Schedule C.
Schedule 2, Beneficiary B: Enter the second beneficiary exactly as listed on Form IT-205, Schedule C.
Schedule 2, Fiduciary: Enter the fiduciary’s share of the applicable amounts.
Schedule 2, Column 1, Amount: Enter each beneficiary’s and the fiduciary’s share of federal distributable net income. The total must include the amount from Schedule 4, Line 38, Column A.
Schedule 2, Column 2, Percentage: Enter each beneficiary’s and the fiduciary’s percentage share of federal distributable net income. The total percentage should equal 100%.
Schedule 2, Column 3, Shares Of Income From New York Sources: Enter each beneficiary’s and the fiduciary’s share of income from New York sources. The totals line should include Schedule 4, Line 38, Column B.
Schedule 2, Column 4, Shares Of Fiduciary Adjustment: Enter each beneficiary’s and the fiduciary’s share of the New York fiduciary adjustment. The totals line should include the Form IT-205, Line 70 amount.
Schedule 2, Totals Line: Add all beneficiary and fiduciary amounts. Column 2 should total 100%.
Schedule 3: Nonresident Beneficiary’s Share Of Income And Deduction From New York State Sources
Use Schedule 3 to report New York source items that nonresident beneficiaries must include on their New York State returns.
Schedule 3, Beneficiary A: Enter the first nonresident beneficiary exactly as shown on Form IT-205, Schedule C.
Schedule 3, Beneficiary B: Enter the second nonresident beneficiary exactly as shown on Form IT-205, Schedule C.
Schedule 3, Column 1, Dividends From New York Sources: Enter each nonresident beneficiary’s dividends from New York sources.
Schedule 3, Column 2, Short-Term Capital Gain From New York Property: Enter each nonresident beneficiary’s short-term capital gain from New York property.
Schedule 3, Column 3, Long-Term Capital Gain From New York Property: Enter each nonresident beneficiary’s long-term capital gain from New York property.
Schedule 3, Column 4, Other Taxable Income From New York Sources: Enter each nonresident beneficiary’s other taxable income from New York sources.
Schedule 3, Column 5, Other Deductions From New York Sources: Enter each nonresident beneficiary’s other deductions from New York sources and submit a supporting schedule if required.
Schedule 4: Details Of Federal Distributable Net Income And Amounts From New York State Sources
Use Schedule 4 to report federal distributable net income and the related New York State, New York City resident period, and Yonkers resident period amounts. Column A is the federal amount. Column B is the amount from New York sources. Column C is the New York City resident period amount. Column D is the Yonkers resident period amount.
Schedule 4 Income
Line 14: Interest Income: Enter interest income in Column A and enter the New York State source, New York City resident period, and Yonkers resident period amounts in the applicable columns.
Line 15: Dividends: Enter dividend income in each applicable column.
Line 16: Business Income Or Loss: Enter business income or loss. Submit a copy of federal Schedule C, Form 1040, when required.
Line 17: Capital Gain Or Loss: Enter capital gain or loss. Submit a copy of federal Schedule D, Form 1041, when required.
Line 18: Rents, Royalties, Partnerships, Other Estates And Trusts: Enter income or loss from rents, royalties, partnerships, other estates, trusts, and similar sources. Submit a copy of federal Schedule E, Form 1040, when required.
Line 19: Farm Income Or Loss: Enter farm income or loss. Submit a copy of federal Schedule F, Form 1040, when required.
Line 20: Ordinary Gain Or Loss: Enter ordinary gain or loss. Submit federal Form 4797 when required.
Line 21: Other Income: State the nature of the income and enter the amount in each applicable column.
Line 22: Total Income: Add Lines 14 through 21. Enter the Column A amount on Form IT-205, Page 1, Item A.
Schedule 4 Deductions
Line 23: Interest: Enter deductible interest in the applicable columns.
Line 24: Taxes: Enter deductible taxes in the applicable columns.
Line 25: Fiduciary Fees: Enter fiduciary fees in the applicable columns.
Line 26: Charitable Deduction: Enter the charitable deduction in the applicable columns.
Line 27: Attorney, Accountant, And Return Preparer Fees: Enter attorney, accountant, and return preparer fees in the applicable columns.
Line 28: Other Deductions: Enter other deductions and submit a supporting schedule when required.
Line 29: Total Deductions: Add Lines 23 through 28.
Line 30: Adjusted Total Income Or Loss: Subtract Line 29 from Line 22.
Schedule 4 Distributable Net Income Items
Line 31: Adjusted Tax-Exempt Interest: Enter adjusted tax-exempt interest in the applicable columns.
Line 32: Net Gain Shown On Schedule 7, Line 75, Column 1: Enter the net gain from Schedule 7, Line 75, Column 1. If it is a net loss, enter zero.
Line 33: Amount From Schedule 6, Line 55: Enter the amount from Schedule 6, Line 55.
Line 34: Short-Term Capital Gain Included On Schedule 6, Line 47: Enter the short-term capital gain included on Schedule 6, Line 47.
Line 35: Capital Loss From Line 17: If Line 17 is a capital loss, enter the amount here as a positive figure.
Line 36: Total: Add Lines 30 through 35.
Line 37: Capital Gain From Line 17: If Line 17 is a capital gain, enter that amount here.
Line 38: Distributable Net Income: Subtract Line 37 from Line 36. Enter the Column A amount as the total of Schedule 2, Column 1. Enter the Column B amount on Schedule 2, Column 3, Totals line.
Schedule 5: Formula Basis Allocation Of Business Income
Complete Schedule 5 if business is carried on both inside and outside New York State and the books and records do not clearly show the New York income of the business. Submit a list of all business locations and descriptions, both inside and outside New York State.
Schedule 5, Column 1: Enter totals for inside and outside New York State.
Schedule 5, Column 2: Enter New York State amounts.
Schedule 5, Column 3: Enter the percentage that Column 2 is of Column 1.
Property Percentage
Line 39: Real Property Owned: Enter the total real property owned in Column 1 and the New York State amount in Column 2. Compute the percentage in Column 3.
Line 40: Real Property Rented From Others: Enter the total rented real property amount and the New York State rented real property amount.
Line 41: Tangible Personal Property Owned: Enter the total tangible personal property owned and the New York State amount.
Line 41a: Tangible Personal Property Rented From Others: Enter the total tangible personal property rented from others and the New York State amount.
Line 42: Property Percentage: Add Lines 39 through 41a and compute the property percentage.
Line 43: Payroll Percentage: Enter total payroll, New York State payroll, and the resulting payroll percentage.
Line 44: Gross Income Percentage: Enter total gross income, New York State gross income, and the resulting gross income percentage.
Line 45: Total Of Percentages: Add the percentages from Lines 42, 43, and 44 in Column 3.
Line 46: Business Allocation Percentage: Divide the Line 45 total by 3, or by the actual number of percentages used if fewer than 3 apply.
Schedule 5 Allocation Formula: Apply the percentage on Line 46 to each income or deduction item that must be allocated and that is reported in Schedule 4, Column A.
From Line Number: Enter the Schedule 4 line number being allocated.
Income Or Deduction Amount: Enter the federal amount being allocated.
Business Allocation Percentage: Multiply the federal amount by the Line 46 percentage.
Allocated New York Amount: Enter the resulting New York source amount.
Schedule 6: Computation Of New York Charitable Deduction
Use Schedule 6 if the estate or trust claims a deduction for New York charitable contributions.
Line 47: Amounts Paid Or Permanently Set Aside For New York Charitable Purposes: Enter the amounts paid or permanently set aside from gross income for New York charitable purposes.
Line 48: Tax-Exempt Income From Sources Outside New York State Allocable To New York Charitable Contribution: Enter the outside-New-York tax-exempt income allocable to the New York charitable contribution.
Line 49: Intentionally Left Blank: Do not enter an amount.
Line 50: Intentionally Left Blank: Do not enter an amount.
Line 51: Intentionally Left Blank: Do not enter an amount.
Line 52: Intentionally Left Blank: Do not enter an amount.
Line 53: Intentionally Left Blank: Do not enter an amount.
Line 54: Balance: Subtract Line 48 from Line 47.
Line 55: Capital Gains Allocated To Corpus And Paid Or Permanently Set Aside: Enter capital gains for the tax year that were allocated to corpus and paid or permanently set aside for New York charitable purposes.
Line 56: Add Lines 54 And 55: Add Line 54 and Line 55.
Line 57: Section 1202 Exclusion Allocable To Charitable Capital Gains: Enter the Section 1202 exclusion allocable to capital gains paid or permanently set aside for New York charitable purposes.
Line 58: Total: Subtract Line 57 from Line 56.
Schedule 7: Capital Gains And Losses From Sales Or Exchanges Of New York Capital Assets
Use Schedule 7 to report capital gains and losses from New York capital assets. This schedule includes short-term assets, long-term assets, and a summary.
Schedule 7, Part 1: Short-Term Capital Gains And Losses
Use Part 1 for New York property held one year or less.
Line 59, Column A, Kind Of Property And Description: Enter the type and description of each short-term New York property asset sold or exchanged. Attach a statement if more description is needed.
Line 59, Column B, Date Acquired: Enter the acquisition date in MMDDYYYY format.
Line 59, Column C, Date Sold: Enter the sale date in MMDDYYYY format.
Line 59, Column D, Gross Sales Price: Enter the gross sales price.
Line 59, Column E, Federal Cost Or Other Basis Plus Expense Of Sale: Enter the federal cost or other basis plus selling expenses.
Line 59, Column F, Gain Or Loss: Subtract Column E from Column D and enter the gain or loss.
Line 60: Short-Term Capital Gain Or Loss From Installment Sales And Like-Kind Exchanges: Enter the short-term capital gain or loss from installment sales and like-kind exchanges of New York property.
Line 61: Net Short-Term Gain Or Loss From Pass-Through Sources: Enter the net short-term gain or loss from New York property derived from partnerships, S corporations, and other estates or trusts.
Line 62: Net Gain Or Loss: Combine Lines 59 through 61.
Line 63: Short-Term Capital Loss Carryover: Enter the short-term capital loss carryover and submit the computation.
Line 64: Net Short-Term Gain Or Loss: Combine Lines 62 and 63. Enter the result here and on Line 73.
Schedule 7, Part 2: Long-Term Capital Gains And Losses
Use Part 2 for New York property held more than one year.
Line 65, Column A, Kind Of Property And Description: Enter the type and description of each long-term New York property asset sold or exchanged. Attach a statement if more description is needed.
Line 65, Column B, Date Acquired: Enter the acquisition date in MMDDYYYY format.
Line 65, Column C, Date Sold: Enter the sale date in MMDDYYYY format.
Line 65, Column D, Gross Sales Price: Enter the gross sales price.
Line 65, Column E, Federal Cost Or Other Basis Plus Expense Of Sale: Enter the federal cost or other basis plus selling expenses.
Line 65, Column F, Gain Or Loss: Subtract Column E from Column D and enter the gain or loss.
Line 66: Long-Term Capital Gain Or Loss From Installment Sales And Like-Kind Exchanges: Enter the long-term capital gain or loss from installment sales and like-kind exchanges of New York property.
Line 67: Net Long-Term Gain Or Loss From Pass-Through Sources: Enter the net long-term gain or loss from New York property derived from partnerships, S corporations, and other estates or trusts.
Line 68: Capital Gain Distributions: Enter capital gain distributions.
Line 69: Gain From Schedule 8, Line 81: If Schedule 8, Line 81 shows a gain, enter it here.
Line 70: Net Gain Or Loss: Combine Lines 65 through 69.
Line 71: Long-Term Capital Loss Carryover From 2024: Enter the long-term capital loss carryover from 2024 and submit the computation.
Line 72: Net Long-Term Gain Or Loss: Combine Lines 70 and 71. Enter the result here and on Line 74.
Schedule 7, Part 3: Summary Of Parts 1 And 2
Line 73: Net Short-Term Gain Or Loss: Enter the net short-term gain or loss from Line 64, Column F. Separate the amount between beneficiaries, fiduciary, and total.
Line 74: Net Long-Term Gain Or Loss: Enter the net long-term gain or loss from Line 72, Column F. Separate the amount between beneficiaries, fiduciary, and total.
Line 75: Total Net Gain Or Loss: Combine Line 73 and Line 74. Enter the total net gain or loss. If Line 75, Column 3 shows a net gain, enter it on Schedule 4, Line 17, Column B. If it shows a net loss, follow the applicable instructions for reporting the loss.
Schedule 8: Supplemental Schedule Of Gains And Losses From New York Property
Use Schedule 8 for gains and losses from New York property used in a trade or business and ordinary gains or losses from New York property.
Schedule 8, Part 1: Sales Or Exchanges Of New York Property Used In A Trade Or Business
Use Part 1 for New York property used in a trade or business and involuntary conversions from sources other than casualty and theft, when the property was held more than one year. Submit a copy of federal Form 4684 to report involuntary conversions of New York property from casualty and theft.
Line 76, Column A, Kind Of Property: Enter the type of New York property sold, exchanged, or converted. Attach a statement if more description is needed.
Line 76, Column B, Date Acquired: Enter the acquisition date in MMDDYYYY format.
Line 76, Column C, Date Sold: Enter the sale date in MMDDYYYY format.
Line 76, Column D, Gross Sales Price: Enter the gross sales price.
Line 76, Column E, Federal Depreciation Allowed Or Allowable Since Acquisition: Enter federal depreciation allowed or allowable.
Line 76, Column F, Federal Cost Or Other Basis Plus Improvements And Expense Of Sale: Enter the federal cost or other basis, plus improvements and selling expenses.
Line 76, Column G, Loss: Enter the loss by subtracting the sum of Column D and Column E from Column F.
Line 76, Column H, Gain: Enter the gain by subtracting Column F from the sum of Column D and Column E.
Line 77: Gain From Federal Form 4684, Line 39: Enter any gain from federal Form 4684, Line 39.
Line 78: Section 1231 Gain From Installment Sales: Enter Section 1231 gain from federal Form 6252, Line 26 or Line 37, or both.
Line 78a: Section 1231 Gain Or Loss From Like-Kind Exchanges: Enter the Section 1231 gain or loss from federal Form 8824.
Line 79: Gain From Federal Form 4797, Line 32: Enter any gain from federal Form 4797, Line 32, from sources other than casualty or theft.
Line 80: Total Part 1 Gain Or Loss Columns: Add Line 76, Column G amounts, Line 78a, Column G amount, and Lines 76 through 79, Column H amounts.
Line 81: Combined Part 1 Gain Or Loss: Combine Columns G and H of Line 80. If Line 81 is a gain, enter it as a long-term capital gain on Schedule 7, Line 69. If Line 81 is zero or a loss, enter it on Line 83.
Schedule 8, Part 2: Ordinary Gains And Losses From New York Property
Use Part 2 to report ordinary gains and losses from New York property.
Line 82, Column A, Kind Of Property: Enter the type of New York property that produced ordinary gain or loss. Include property held one year or less when applicable. Attach a statement if more description is needed.
Line 82, Column B, Date Acquired: Enter the acquisition date in MMDDYYYY format.
Line 82, Column C, Date Sold: Enter the sale date in MMDDYYYY format.
Line 82, Column D, Gross Sales Price: Enter the gross sales price.
Line 82, Column E, Federal Depreciation Allowed Or Allowable Since Acquisition: Enter federal depreciation allowed or allowable.
Line 82, Column F, Federal Cost Or Other Basis Plus Improvements And Expense Of Sale: Enter the federal cost or other basis, plus improvements and selling expenses.
Line 82, Column G, Loss: Enter the loss by subtracting the sum of Column D and Column E from Column F.
Line 82, Column H, Gain: Enter the gain by subtracting Column F from the sum of Column D and Column E.
Line 83: Loss From Line 81: If Line 81 shows a loss, enter the loss here.
Line 84: Gain From Federal Form 4797, Line 31: Enter any gain from federal Form 4797, Line 31.
Line 85: Net Gain Or Loss From Federal Form 4684: Enter the net gain or loss from federal Form 4684, Lines 31 and 38(a).
Line 86: Ordinary Gain From Installment Sales: Enter ordinary gain from federal Form 6252, Line 25 or Line 36, or both.
Line 86a: Ordinary Gain Or Loss From Like-Kind Exchanges: Enter ordinary gain or loss from federal Form 8824.
Line 87: Recapture Of Section 179 Deduction: Enter the recapture of Section 179 deduction.
Line 88: Total Part 2 Gain Or Loss Columns: Add Lines 82, 83, 85, and 86a, Column G amounts, and Line 82 and Lines 84 through 87, Column H amounts.
Line 89: Combined Ordinary Gain Or Loss: Combine Columns G and H of Line 88. Enter the result here and on Schedule 4, Line 20, Column B.