SCHEDULE IN-117
                Credit for Income Tax Paid to Other State or Canadian Province
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                            (For full-year and some part-year Vermont residents)

                                    General Instructions
Who needs to file? Full- or part-year residents who earn income in another state or Canadian province while a Vermont 
              resident.
              A credit may be allowed against 2019 Vermont income tax for income tax paid in the 2019 tax year to another 
              state or Canadian province on income that is taxed by both Vermont and the other taxing jurisdiction.  
Supporting Documents Required:  Copy of 2019 income tax return filed in the other state(s).  For Canadian province(s), 
              copy of 2019 provincial income tax return filed, copy of federal Form 1116, Foreign Tax Credit (Individual, 
              Estate, or Trust), and copy of Revenue Canada income tax return.  Convert amounts on Canadian returns 
              to U.S. dollars. 
              See Technical Bulletin TB-38, Credit for Taxes Paid to Another State Or Canadian Province; Limitations,  
              if you have capital gain, business income, or made adjustments to arrive at your federal Adjusted Gross 
              Income.
                                                                                                                                 INSTR  (Place at FIRST page)
More Than One State Or Canadian Province?
                                                                                                                                 Instr. pages 
              • Complete a Schedule IN-117 for each state or Canadian province.  Do NOT combine the income and 
                credit of all states or provinces on one Schedule IN-117.
              •  Add Line 21 from each Schedule IN-117 to calculate the tax credit entry on Form IN-111, Vermont 
                Individual Income Tax Return, Line 17.
              • Attach all Schedules IN-117 and the supporting documents required.                                               1 - 1

                                    Line-by-Line Instructions
Line 1        Enter the name of the state or Canadian province where you paid income tax.  Use the standard two-letter 
              abbreviation. 
Line 2        Enter Adjusted Gross Income (AGI) taxed in another state or Canadian province that is also subject to 
              Vermont income tax.  The AGI for the other state or Canadian province cannot exceed the amount on 
              Form IN-111, Line 1.  NOTE:  If you have paid taxes in more than one state, you must file a Schedule 
              IN-117 for each state.  The total on Line 2 of Schedule IN-117 cannot exceed the amount on Form IN-111, 
              Line 1.
Lines 3 - 9   Adjustments for bonus depreciation, non-Vermont state and local obligations, and U.S. government interest 
              income are made to create the income comparable to the AGI used for Vermont income tax purposes.
Line 10       Enter the AGI from Form IN-111, Line 1.   
Lines 11 - 16 Adjustments for bonus depreciation, non-Vermont state and local obligations, and U.S. government interest 
              income are made to make the income comparable to the other state or Canadian province.
Line 17       Subtract Line 16 from Line 13.  If Line 16 is greater than Line 13, enter -0-.
Line 18       Enter the Vermont income tax calculated on Form IN-111, Line 14.                                                   INSTR  (Place at LAST page)
                                                                                                                                 Instr. pages 
Line 19       Divide Line 9, Modified Adjusted Gross Income for the other state or Canadian province, by Line 17, 
              Modified Adjusted Gross Income for Vermont, and multiply that result by Line 18.
Line 20       Enter the amount of income tax paid to the other state or Canadian province.  This amount is income tax 
              paid to the state or Canadian province – not the amount of withholding.  City and county tax paid to the 
              other state is not allowed.  Credit for the Canadian provincial income tax does not include the portion used       1 - 1
              as a foreign credit on federal Form 1040, U.S. Individual Income Tax Return. 
Line 21       Enter the lesser of Line 19 or 20.  This is your credit for income tax paid to another state or Canadian 
              province.  If this is the only state or province, also enter on Form IN-111, Line 17.  Otherwise, see instructions 
              for “More Than One State or Canadian Province.”
                                                                                            Schedule IN-117 Instructions
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                                                                                                      Rev. 10/19