Enlarge image | Vermont Department of Taxes 2023 Form FIT-161 *231611100* Vermont Fiduciary Return of Income *231611100* Page 7 Name of Estate or Trust FEIN Date of Death (MMDDYYYY) 123456789012345678901234567890123456 123456789 MM / DD / YYYY Name of Fiduciary Title of Fiduciary Tax year BEGIN date (MMDDYYYY) 123456789012345678901234567890123456 123456789012345 MM / DD / YYYY Mailing Address of Fiduciary (Number and Street/Road or PO Box) State of Domicile at Death Tax yearEND date (MMDDYYYY) 123456789012345678901234567890123456 and/or Creation of Trust 12 MM / DD / YYYY Additional Line for Mailing Address of Fiduciary, if needed Check ONE Estate Revocable Bankruptcy Grantor Irrevocable 123456789012345678901234567890123456 X X Trust X Estate X Trust X Trust City State ZIP Code 12345678901234567890123 12 1234567890 Check here if this Check here if this Check here if this Foreign Country X is an EXTENDED X is an AMENDED Xis your FINAL return return return 12345678901234567890123456789012 A. Were any distributions reported on federal Form 1041, Line 18, made to nonresident beneficiaries? . . . . . . . . . . . . . . . . . A.. X Yes X No B. Did the estate or trust have non-Vermont municipal bond income? If “Yes,” see instructions for both Line 2a and Schedule FIT-166, Part I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B..X Yes X No FORM (Place atFIRST page) Form pages C. Are any present or future trust beneficiaries skip persons? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C.. X Yes X No D. Is this return for a Qualified Settlement Fund (federal Form 1120-SF)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D.. X Yes X No 1. Federal taxable income from Form 1041, Line 23, or modified gross income of 7 - 8 12345678901234Qualified Settlement Fund (from federal Form 1120-SF) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1..__________________________.00 12345678901234 2a. Income from Non-Vermont state and local obligations (from Schedule FIT-166, Part I, Line 3) . . . . . . . . 2a.. __________________________.00 12345678901234 2b. Bonus Depreciation allowed under federal law for 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2b..__________________________ .00 12345678901234 2c. State and local income taxes included on federal Form 1041, Line 11 . (See instructions) . . . . . . . . . . . . . 2c.. __________________________.00 12345678901234 3. Federal Taxable Income with Additions (Add Lines 1, 2a, 2b, and 2c .) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3..__________________________.00 12345678901234 4a. Interest income from U .S . Obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4a. __________________________.00 12345678901234 4b. Capital Gains Exclusion (from Schedule FIT-162, Line 21 . If less than zero, enter -0- .) . . . . . . . . . . . . .4b.. .__________________________ .00 12345678901234 4c. Adjustment for prior years’ Bonus Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4c. __________________________.00 12345678901234 4d. Add Lines 4a, 4b, and 4c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4d..__________________________.00 12345678901234 5. Vermont taxable income (Line 3 minus Line 4d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5..__________________________.00 12345678901234 6. Vermont Tax from the tax rate schedule on page 2 of this form . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6..__________________________.00 12345678901234 7. Additions to Vermont Tax (from Schedule FIT-166, Part II, Line 1c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7..__________________________.00 12345678901234 8. Subtractions from Vermont Tax (from Schedule FIT-166, Part II, Line 2e) . . . . . . . . . . . . . . . . . . . . . . . . . 8..__________________________.00 12345678901234 9. Vermont Tax with Additions and Subtractions (Add Lines 6 and 7, then subtract Line 8) . . . . . . . . . . . . . . 9..__________________________.00 10. Income Adjustment (from Schedule FIT-166, Part III, Line 10, or 100%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10. . . _________. 123._________1234 % Form FIT-161 Page 1 of 2 5454 Rev. 10/23 |
Enlarge image | Name of Estate or Trust 123456789012345678901234567890123456 FEIN *231611200* 123456789 *231611200* Page 8 12345678901234 11. Adjusted tax (Multiply Line 9 by Line 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. .______________________ .00 12345678901234 12. Other states credit (from Schedule FIT-167, Line 21) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12. .______________________ .00 12345678901234 13. Total Vermont taxes (Line 11 minus Line 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13. .______________________ .00 14. Payment 12345678901234 14a. Vermont Tax Withheld on 1099 . . . . . . . . . . . . . . . . . . . . . . 14a. .______________________ .00 12345678901234 14b. Estimated Tax or Extension Payments . . . . . . . . . . . . . . . . .14b. ______________________ .00 12345678901234 14c. Vermont Real Estate Withholding . . . . . . . . . . . . . . . . . . . . .14c. ______________________.00 Attach copy of Form RW-171 or Schedule K-1VT 12345678901234 14d. Nonresident Payments from Form WH-435 . . . . . . . . . . . . . 14d. ______________________ .00 12345678901234 14e. 2022 Overpayment Applied . . . . . . . . . . . . . . . . . . . . . . . . . 14e. .______________________.00 FORM (Place at LAST page) 12345678901234 14f. Total Payments (Add Lines 14a, 14b, 14c, 14d, and 14e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14f. . ______________________ .00 Form pages 12345678901234 15. Overpayment: If Line 13 is less than Line 14f, subtract Line 13 from Line 14f . . . . . . . . . . . . . . . . . . . . . 15. .______________________ .00 12345678901234 16. Amount of overpayment to be credited to 2024 taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16. ______________________ .00 7 - 8 12345678901234 17. Amount of overpayment to be REFUNDED (Line 15 minus Line 16) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17. .______________________ .00 1234567890123418. BALANCE DUE: If Line 14f is less than Line 13, subtract Line 14f from Line 13 . . . . . . . . . . . . . . . . . . 18.. _________________________.00 Vermont 2023 Tax Schedule If filing for a Qualified Settlement Fund, tax is 8.95% of IfButTheoftaxableTaxablenotVermonttheincome. overamount incomeTaxover isisover $0 $3,050 3.35% $0 File this return no later than the 15th day of the fourth month $3,050 $7,150 $102.00 + 6.60% $3,050 following the close of the operating or income year. Attach a legible copy of the federal Form 1041, U.S. Income Tax $7,150 $10,950 $373.00 + 7.60% $7,150 Return for Estates and Trusts, or federal Form 1120-SF for $10,950 --- $662.00 + 8.75% $10,950 the same taxable period. I declare under the penalties of perjury, this return is true, correct, and complete to the best of my knowledge . If prepared by a person other than the taxpayer, this declaration further provides under 32 V .S .A . §§ 5901-5903 that this information has not been and will not be used for any other purpose or made available to any other person other than for the preparation of this return unless a separate valid consent form is signed by the taxpayer and retained by the preparer . Signature of Responsible Officer Date Daytime Telephone Number MMDDYYYY 123-123-1234 Printed Name Email Address (optional) 1234567890123456789012345678901 123456789012345678901234567890123456789 Paid Preparer’s Signature Date Preparer’s Telephone Number Check if X self-employed MMDDYYYY 123-123-1234 Preparer’s Printed Name Preparer’s Email Address (optional) 1234567890123456789012345678901 123456789012345678901234567890123456789 Firm’s Name (or yours if self-employed) and address Preparer’s SSN or PTIN FEIN 123456789012345678901234567890123456789012 123456789 123456789 Check if the Department of Taxes may discuss X this return with the preparer shown. For Department Use Only Form FIT-161 Ck. Amt. Init. Page 2 of 2 5454 Keep a copy for your records. Rev. 10/23 |