Instructions for Form IT-205 Fiduciary Income Tax Return ...

Department of Taxation and FinanceInstructions for Form IT-205 Fiduciary Income Tax ReturnNew York State New York City Yonkers IT-205 -IUp-to-date information affecting your tax returnVisit our website for tax law changes or form corrections that occurred after the forms and Instructions were finalized (see Need help?).What s new for 2021?For a detailed list of what s new, including a summary of tax law changes, visit our website (see Need help?) and search: instructionsWho must fileThe Fiduciary of a New York State resident estate or trust must file a Return on Form IT-205 if the estate or trust: is required to file a federal Income tax Return for the tax year; had any New York taxable Income for the tax year; or is subject to a separate tax on lump-sum the Fiduciary of a New York City resident estate or trust is required to file a New York State Fiduciary Return , the New York City Income tax liability is based on the same taxable Income as for New York State tax purposes and must be reported on the state Return as explained in the New Y

If the fiduciary of a New York City resident estate or trust is required to file a New York State fiduciary return, the New York City income tax liability is based on the same taxable income as for New York State tax purposes and must be reported on the state return as explained in the New York City instructions beginning on page 16.

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