New York Form IT-205, Fiduciary Income Tax Return, is used by estates and trusts to report fiduciary income tax for New York State, New York City, and Yonkers. The form applies to different fiduciary entities, including a decedent’s estate, simple trust, complex trust, qualified disability trust, electing small business trust for the S corporation portion, grantor type trust, bankruptcy estate, pooled income fund, and other estate or trust situations. The fiduciary uses this return to report federal taxable income, New York additions and subtractions, fiduciary adjustments, beneficiary allocations, New York taxable income, state tax, city tax, Yonkers tax, sales or use tax, payments, credits, refund, balance due, penalties, and account information for refund or electronic payment. Form IT-205 also includes schedules for resident estate or trust income details, New York fiduciary adjustments, beneficiary shares of fiduciary adjustments, and additional estate or trust information. In simple terms, this form is the main New York fiduciary return that shows how the estate or trust income is taxed, how much belongs to the fiduciary, how much is connected to beneficiaries, and whether the return results in tax due, refund, or estimated tax carryover.
How To File New York Form IT-205
File New York Form IT-205 for an estate or trust that must report fiduciary income tax to New York State, New York City, or Yonkers. Use the form for calendar year 2025 or for a fiscal year that begins and ends in the stated period. Complete the entity and fiduciary information first, then mark the correct type of entity and return status. Enter income, tax, credit, payment, refund, and balance due information on the main return. Complete Schedule A if the return requires details of federal taxable income for a resident estate or trust. Complete Schedule B to compute the New York fiduciary adjustment. Complete Schedule C to allocate the fiduciary adjustment between beneficiaries and the fiduciary. Attach any required federal schedules, beneficiary schedules, worksheets, explanations, or New York supporting forms when the line asks for them. If paying by check or money order, complete Form IT-205-V and mail it with the return. If using direct deposit or electronic funds withdrawal, complete the account information section. The fiduciary or authorized officer must sign the return before filing.
How To Complete New York Form IT-205
Tax Year And Return Type
Full Year Jan. 1, 2025 Through Dec. 31, 2025: Use this period if the estate or trust files on a calendar-year basis.
Fiscal Year Beginning And Ending: If the estate or trust uses a fiscal year, enter the beginning and ending dates of that fiscal tax year.
Initial Return: Mark this box if this is the first New York fiduciary income tax return filed for the estate or trust.
Final Return: Mark this box if this is the last New York fiduciary income tax return for the estate or trust.
Amended Return: Mark this box if this return changes a previously filed Form IT-205. Submit an explanation with the amended return.
Type Of Entity From Form 1041
Decedent’s Estate: Mark this box if the fiduciary return is for a decedent’s estate.
Simple Trust: Mark this box if the entity is a simple trust.
Complex Trust: Mark this box if the entity is a complex trust.
Qualified Disability Trust: Mark this box if the entity is a qualified disability trust.
ESBT, S Portion Only: Mark this box if the return reports the S corporation portion of an electing small business trust.
Grantor Type Trust: Mark this box if the entity is a grantor type trust.
Bankruptcy Estate, Chapter 7: Mark this box if the entity is a Chapter 7 bankruptcy estate.
Bankruptcy Estate, Chapter 11: Mark this box if the entity is a Chapter 11 bankruptcy estate.
Pooled Income Fund: Mark this box if the entity is a pooled income fund.
Entity And Fiduciary Information
Name Of Estate Or Trust: Enter the name of the estate or trust as shown on federal Form SS-4.
Date Entity Created: Enter the date the estate or trust was created.
Name And Title Of Fiduciary: Enter the fiduciary’s name and title, such as executor, administrator, trustee, or personal representative.
Identification Number Of Estate Or Trust: Enter the estate or trust identification number.
Address Of Fiduciary: Enter the fiduciary’s street address, number and street, or rural route.
Decedent’s Social Security Number: If this is a decedent’s estate, enter the decedent’s Social Security number when required.
City, Village, Or Post Office: Enter the fiduciary’s city, village, or post office.
State: Enter the fiduciary’s state.
ZIP Code: Enter the fiduciary’s ZIP code.
Country: Enter the country if the fiduciary address is outside the United States or if a country entry is needed.
Trust Meets Conditions Of Section 605(b)(3)(D): Mark the box if the trust meets the stated conditions.
Income Distribution Deduction: Enter the income distribution deduction amount when applicable.
Number Of Beneficiaries: Enter the total number of beneficiaries for the estate or trust.
Qualifying Special Conditions For Filing Your 2025 Tax Return: Enter the applicable special condition code or codes if the estate or trust qualifies for special filing conditions.
Main Income And Tax Calculation
Line A: Total Income: Enter total income from Schedule A, Line 51, or from Form IT-205-A, Line 22, Column A.
Line B: New York Adjusted Gross Income: Enter the New York adjusted gross income from the NYAGI worksheet, Line 5.
Line C: Amount From Form IT-205-A: Enter the amount from Form IT-205-A, Schedule 1, Line 10, Column A.
Line 1: Federal Taxable Income Of Fiduciary: Enter federal taxable income of the fiduciary from Schedule A, Line 62, or from Form IT-205-A, Line 6, Column A.
Line 2: New York Modifications Relating To Amounts Allocated To Principal: Enter the New York modification amount connected to items allocated to principal. Add or subtract this amount as applicable.
Line 3: Balance: Combine Line 1 and Line 2. Add Line 2 if it is an addition, or subtract it if it is a subtraction.
Line 4: Fiduciary’s Share Of New York Fiduciary Adjustment: Enter the fiduciary’s share of the New York fiduciary adjustment from Schedule C, Column 5.
Line 5: New York Taxable Income Of Fiduciary: Combine Line 3 and Line 4. Add or subtract Line 4 depending on whether the fiduciary adjustment is positive or negative.
Line 6: New York State Tax On Line 5 Amount: Full-year resident estates and trusts enter the New York State tax calculated on the Line 5 amount.
Line 7: New York State Amount From Form IT-230: Resident estates and trusts enter the New York State amount from Form IT-230, Part 2, Line 2.
Line 8: Add Lines 6 And 7: Add Line 6 and Line 7.
Line 9: Allocated New York State Tax: Enter the allocated New York State tax from Form IT-205-A, Schedule 1, Line 13. If Form IT-230, Part 2, was completed, mark the box on this line.
Line 10: Nonrefundable State Credits: Enter nonrefundable New York State credits and submit the required schedule.
Line 11: State Tax After Nonrefundable Credits: Subtract Line 10 from Line 8 or from Line 9, whichever applies.
Line 12: State Separate Tax On Lump-Sum Distributions And Other Addbacks: Enter any separate New York State tax on lump-sum distributions and other required addbacks.
Line 13: This Line Intentionally Left Blank: Do not enter an amount on this line.
Line 14: Total New York State Tax: Add Line 11 and Line 12.
New York City Tax Calculation
Line 15a: New York City Resident Tax On Line 5 Amount: Enter the New York City resident tax calculated on Line 5 when applicable.
Line 15b: New York City Part-Year Resident Tax: Enter the New York City part-year resident tax when applicable.
Line 16: New York City Amount From Form IT-230: Enter the New York City amount from Form IT-230, Part 2, Line 2.
Line 17: Add Line 15a Or 15b To Line 16: Add the applicable Line 15 amount to Line 16.
Line 18: New York City Accumulation Distribution Credit: Enter the New York City accumulation distribution credit.
Line 19: New York City Tax After Accumulation Distribution Credit: Subtract Line 18 from Line 17. If the result is less than zero, leave this line blank.
Line 20: New York City Separate Tax On Lump-Sum Distributions: Enter the New York City separate tax on lump-sum distributions when applicable.
Line 21: Add Lines 19 And 20: Add Line 19 and Line 20.
Line 22: Other New York City Credits: Enter other New York City credits when applicable.
Line 23: New York City Tax After Other Credits: Subtract Line 22 from Line 21. If the result is less than zero, leave this line blank.
Line 24: This Line Intentionally Left Blank: Do not enter an amount on this line.
Yonkers And Sales Or Use Tax
Line 25: Yonkers Resident Income Tax Surcharge: Enter the Yonkers resident income tax surcharge from the Yonkers worksheet, Line E.
Line 26: Yonkers Part-Year Resident Income Tax Surcharge: Enter the Yonkers part-year resident income tax surcharge from Form IT-205-A-I, Worksheet C, Line 14.
Line 27: Yonkers Nonresident Fiduciary Earnings Tax: Enter the Yonkers nonresident fiduciary earnings tax from Form Y-206, Line 10.
Line 28: Sales Or Use Tax: Enter any New York sales or use tax owed.
Line 29: Total NYS, NYC, Yonkers Taxes, And Sales Or Use Tax: Add Line 14 and Lines 23 through 28. Enter the total.
Payments, Refund, And Amount Owed
Line 30: Estimated Tax Paid: Enter estimated tax paid, including payments made with Form IT-370-PF.
Line 31: Estimated Tax Payments Allocated To Beneficiaries: Enter estimated tax payments allocated to beneficiaries from Form IT-205-T.
Line 32: Estimated Tax Paid After Beneficiary Allocation: Subtract Line 31 from Line 30.
Line 32a: Amount Paid With Original Return Or Later Additional Tax Paid: If this is an amended return, enter the amount paid with the original return plus any additional tax paid after the original return was filed.
Line 33: Refundable Credits: Identify the refundable credit and enter the amount.
Line 34: New York State Tax Withheld: Enter New York State tax withheld.
Line 35: New York City Tax Withheld: Enter New York City tax withheld.
Line 36: Yonkers Tax Withheld: Enter Yonkers tax withheld.
Line 37: Total Payments: Add Lines 32 through 36. If this is an amended return, follow the amended return payment rules.
Line 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.
Line 39: Amount To Be Refunded: Enter the amount of Line 38 that should be refunded. Mark either the direct deposit box or the paper check box. If choosing direct deposit, complete Line 71.
Line 40: Amount Applied To 2026 Estimated Tax: Enter the part of Line 38 that the estate or trust wants applied to 2026 estimated tax.
Line 41: Amount You Owe: If Line 37 is less than the total of Lines 29, 42, and 42a, subtract Line 37 from that total. If paying by electronic funds withdrawal, mark the box and complete Lines 71 and 72. If paying by check or money order, complete Form IT-205-V and mail it with the return.
Line 42: Estimated Tax Penalty: Enter the estimated tax penalty when applicable.
Line 42a: Other Penalties And Interest: Enter any other penalties and interest that apply.
Schedule A: Details Of Federal Taxable Income Of A Fiduciary Of A Resident Estate Or Trust
Complete Schedule A for a resident estate or trust when details of federal taxable income must be shown. Submit a copy of federal Schedule K-1, Form 1041, for each beneficiary when required.
Schedule A Income
Line 43: Interest Income: Enter the estate or trust interest income.
Line 44: Dividends: Enter dividend income.
Line 45: Business Income Or Loss: Enter business income or loss. Submit a copy of federal Schedule C, Form 1040, if required.
Line 46: Capital Gain Or Loss: Enter capital gain or loss. Submit a copy of federal Schedule D, Form 1041.
Line 47: Rents, Royalties, Partnerships, Other Estates And Trusts: Enter income or loss from rents, royalties, partnerships, other estates, and trusts. Submit a copy of federal Schedule E, Form 1040, if required.
Line 48: Farm Income Or Loss: Enter farm income or loss. Submit a copy of federal Schedule F, Form 1040, if required.
Line 49: Ordinary Gain Or Loss: Enter ordinary gain or loss. Submit a copy of federal Form 4797 if required.
Line 50: Other Income: State the nature of the income and enter the amount.
Line 51: Total Income: Add Lines 43 through 50. Enter the total here and on Page 1, Line A.
Schedule A Deductions
Line 52: Interest: Enter deductible interest.
Line 53: Taxes: Enter deductible taxes.
Line 54: Fiduciary Fees: Enter fiduciary fees.
Line 55: Charitable Deduction: Enter the charitable deduction.
Line 56: Attorney, Accountant, And Return Preparer Fees: Enter deductible attorney, accountant, and return preparer fees.
Line 57: Other Deductions: Enter other deductions and itemize them on an additional sheet.
Line 58: Income Distribution Deduction: Enter the income distribution deduction. Submit a copy of federal Schedule K-1, Form 1041, for each beneficiary when required.
Line 59: Estate Tax Deduction: Enter the estate tax deduction and submit the computation.
Line 59a: Qualified Business Income Deduction: Enter the qualified business income deduction and submit a copy of federal Form 8995 or Form 8995-A.
Line 60: Exemption: Enter the federal exemption amount.
Line 61: Total Deductions: Add Lines 52 through 60.
Line 62: Federal Taxable Income Of Fiduciary: Subtract Line 61 from Line 51. Enter the result here and on Page 1, Line 1.
Schedule B: New York Fiduciary Adjustment
Use Schedule B to compute the New York fiduciary adjustment for a resident estate or trust, nonresident estate or trust, or part-year resident trust.
Line 63: Interest Income On State And Local Bonds Other Than New York: Enter the gross amount of interest income from state and local bonds other than New York that was not included in federal income.
Line 64: Income Taxes Or General Sales Tax Deducted On Federal Fiduciary Return: Enter the income taxes or general sales tax deducted on the federal fiduciary return.
Line 65: Other Additions From Form IT-225: Enter other additions from Form IT-225, Line 9.
Line 66: Total Additions: Add Lines 63, 64, and 65.
Line 67: Interest Income On U.S. Obligations Included In Federal Income: Enter interest income from U.S. obligations that was included in federal income.
Line 68: Other Subtractions From Form IT-225: Enter other subtractions from Form IT-225, Line 18.
Line 69: Total Subtractions: Add Lines 67 and 68.
Line 70: New York Fiduciary Adjustment: Find the difference between Line 66 and Line 69. Enter the result here and on the total line in Schedule C, Column 5, if Schedule C applies.
Schedule C: Shares Of New York Fiduciary Adjustment
Use Schedule C to report each beneficiary’s share of federal distributable net income and New York fiduciary adjustment. Attach additional sheets if more space is needed.
Beneficiary Information
Line A, Beneficiary Name: Enter the first beneficiary’s name.
Line A, Number And Street: Enter the first beneficiary’s street address.
Line A, City: Enter the first beneficiary’s city.
Line A, State: Enter the first beneficiary’s state.
Line A, ZIP Code: Enter the first beneficiary’s ZIP code.
Line A, NYS Nonresident Box: Mark the NYS box if the first beneficiary is a nonresident of New York State.
Line A, Yonkers Nonresident Box: Mark the Yonkers box if the first beneficiary is a nonresident of Yonkers.
Line B, Beneficiary Name: Enter the second beneficiary’s name and address details, and mark nonresident boxes if applicable.
Line C, Beneficiary Name: Enter the third beneficiary’s name and address details, and mark nonresident boxes if applicable.
Column 2: Identifying Number Of Beneficiary: Enter each beneficiary’s identifying number.
Column 3: Share Of Federal Distributable Net Income, Amount: Enter each beneficiary’s dollar amount of federal distributable net income.
Column 4: Share Of Federal Distributable Net Income, Percent: Enter each beneficiary’s percentage share. The total percentage should equal 100%.
Column 5: Share Of New York Fiduciary Adjustment: Enter each beneficiary’s share of the New York fiduciary adjustment.
Totals From Additional Sheets: If additional beneficiary sheets are attached, enter the totals from those sheets.
Fiduciary: Enter the fiduciary’s share of federal distributable net income and New York fiduciary adjustment.
Totals: Add the beneficiary, additional sheet, and fiduciary amounts. The Column 4 total should equal 100%, and the Column 5 total must equal Schedule B, Line 70.
Additional Estate Or Trust Information
Line A: Inter Vivos Trust Grantor: If this is an inter vivos trust, enter the grantor’s name and address.
Line B: Revocable Trust Change Of Residence: If a revocable trust changed state or city residence during the year, enter the date of the residence change.
Line C(1): NYS Full-Year Resident Estate Or Trust: Mark this box if the estate or trust was a New York State full-year resident.
Line C(2): NYS Part-Year Resident Trust: Mark this box if the trust was a New York State part-year resident.
Line C(3): NYS Full-Year Nonresident Estate Or Trust: Mark this box if the estate or trust was a New York State full-year nonresident.
Line C(4): NYC Full-Year Resident Estate Or Trust: Mark this box if the estate or trust was a New York City full-year resident.
Line C(5): NYC Part-Year Resident Trust: Mark this box if the trust was a New York City part-year resident.
Line C(6): Yonkers Full-Year Resident Estate Or Trust: Mark this box if the estate or trust was a Yonkers full-year resident.
Line C(7): Yonkers Part-Year Resident Trust: Mark this box if the trust was a Yonkers part-year resident.
Line C(8): Yonkers Full-Year Nonresident Estate Or Trust: Mark this box if the estate or trust was a Yonkers full-year nonresident.
Line D: Last Known Address Of Decedent: If filing for an estate, enter the decedent’s last known address.
Line E: Nonresident Estate State Of Residency: If the return is for a nonresident estate, enter the state of residency.
Line F: Executors Or Trustees List: Submit a list of executors or trustees, including their addresses and identification numbers.
Line G: Grantor Trust Identification Number: If this is a grantor trust, enter the identification number of the individual reporting the income or loss.
Line H: Government-Related Conviction Question: Mark Yes or No to indicate whether the estate or trust, or an entity owned by the estate or trust, has been convicted of the listed bribery, government corruption, or government fraud offenses.
Line I: Grantor Reversionary Interest Question: Mark Yes or No to indicate whether the grantor has a reversionary interest in any part of the trust corpus or trust income.
Line J: Grantor Power To Replace Trustee Question: Mark Yes or No to indicate whether the grantor has the power to remove an independent trustee and replace that trustee with any person, including themselves.
Line K: Grantor Borrowing Question: Mark Yes or No to indicate whether the grantor directly or indirectly borrowed from the trust corpus or trust income.
Line L: Grantor Or Non-Adverse Party Power Over Trust Property Or Income: Mark Yes or No to indicate whether the grantor or a non-adverse party has the power to purchase, exchange, deal with, or dispose of the trust corpus or income.
Refund, Payment, And Bank Account Information
Line 71: Account Information: Complete this section if the estate or trust wants direct deposit of a refund or wants to pay by electronic funds withdrawal.
Foreign Account Box: Mark this box if the funds for the refund or payment would come from or go to an account outside the United States.
Line 71a: Personal Checking: Mark this box if the account is a personal checking account.
Line 71a: Personal Savings: Mark this box if the account is a personal savings account.
Line 71a: Business Checking: Mark this box if the account is a business checking account.
Line 71a: Business Savings: Mark this box if the account is a business savings account.
Line 71b: Routing Number: Enter the bank routing number.
Line 71c: Account Number: Enter the bank account number.
Line 72: Electronic Funds Withdrawal Date: Enter the date the electronic payment should be withdrawn.
Line 72: Electronic Funds Withdrawal Amount: Enter the amount to be withdrawn electronically.
Third-Party Designee
Third-Party Designee, Yes: Mark Yes if the fiduciary authorizes another person to discuss this return with the tax department.
Third-Party Designee, No: Mark No if no third-party designee is authorized.
Print Designee’s Name: Enter the designee’s name.
Designee’s Phone Number: Enter the designee’s phone number.
Personal Identification Number: Enter a personal identification number for the designee.
Designee Email: Enter the designee’s email address.
Paid Preparer Section
Preparer’s NYTPRIN: Enter the preparer’s New York Tax Preparer Registration Identification Number, if required.
NYTPRIN Exclusion Code: Enter the exclusion code if the preparer is not required to provide a NYTPRIN.
Preparer’s Signature: The paid preparer must sign the return.
Preparer’s Printed Name: Enter the paid preparer’s printed name.
Firm’s Name Or Yours If Self-Employed: Enter the preparer’s firm name. If self-employed, enter the preparer’s own name.
Preparer’s PTIN Or SSN: Enter the preparer’s PTIN or Social Security number.
Address: Enter the paid preparer’s address.
Employer Identification Number: Enter the preparer’s employer identification number, if applicable.
Date: Enter the date the preparer signs the return.
Email: Enter the paid preparer’s email address.
Sign Return Here
Signature Of Fiduciary Or Officer Representing Fiduciary: The fiduciary or authorized officer must sign the return.
Printed Name Of Person Who Signed Above: Print the name of the person who signed the return.
Date: Enter the date the return is signed.
Daytime Phone Number: Enter the signer’s daytime phone number.
Email: Enter the signer’s email address.