IT-205-T: Allocation of Estimated Tax Payments to Beneficiaries (2025)
New York · NY DTF · Used for tax years 2025
New York Form IT-205-T lets a trust or a decedent’s estate in its final tax year elect to treat part or all of its estimated tax payments as payments made by beneficiaries. It reports the total amount allocated and each beneficiary’s identifying information, allocated amount, and
Who files this form
A trust, or a decedent’s estate in its final tax year, may choose to treat part or all of its estimated tax payments as payments made by its beneficiaries.
The fiduciary must file Form IT-205-T to make this election. Once made, the election cannot be changed or revoked.
When it's due
For the 2025 form:
- Trusts: File on or before the 65th day after the close of the tax year for the election to be valid.
- Estates: File on or before the 65th day after the close of the tax year in which the estate is terminated.
- If the due date falls on a Saturday, Sunday, or legal holiday, you may file on the next business day.
The form does not print a specific calendar-date filing deadline.
What you'll need
Have the following information ready:
- The trust or estate’s name as shown on federal Form SS-4, and its employer identification number.
- The fiduciary’s name, title, and address.
- The total estimated tax payments being allocated and each beneficiary’s share.
- Each beneficiary’s name, address, and Social Security number or employer identification number.
- For a beneficiary who may file jointly, the spouse’s Social Security number is optional.
If you allocate payments to more than 16 beneficiaries, use an additional Form IT-205-T or a separate sheet. A separate sheet must follow the form’s format and include your name and taxpayer identification number.
How to file
If you make the election with Form IT-205, Fiduciary Income Tax Return, submit Form IT-205-T with that return. Otherwise, file Form IT-205-T separately.
To complete the allocation:
- Enter the total allocated payments on line 1 and on Form IT-205, line 31.
- List individual beneficiaries with Social Security numbers first, followed by beneficiaries with employer identification numbers.
- Enter each beneficiary’s identifying number and allocated amount in columns B and C.
- For column D, divide each beneficiary’s column C amount by line 1. Round the result to the fourth decimal place and enter it as a percentage.
- Enter the column C total, including additional sheets, on line 2. If using multiple sheets, put the combined total on the last page.
- Have the fiduciary or officer representing the fiduciary sign and date the form.
Mail all returns to:
STATE PROCESSING CENTER
PO BOX 61000
ALBANY NY 12261-0001
For private delivery services, see Publication 55, Designated Private Delivery Services.
Common mistakes
- Mismatched totals: Line 2 must equal line 1. Include allocations from all additional sheets.
- Missing details on extra sheets: Include your name and taxpayer identification number on a separate sheet. If using additional Forms IT-205-T, complete the page box on each form.
- Expecting to revoke the election: The form states that the election is irrevocable.
Questions people ask
Must all estimated tax payments be allocated to beneficiaries?
No. The trust or eligible estate may elect to allocate any part of its estimated tax payments.
When are the allocated payments treated as paid to beneficiaries?
The Tax Department treats the allocated amount as paid or credited to beneficiaries on the last day of the trust or estate’s tax year.
Is a beneficiary’s spouse’s Social Security number required?
No. It is optional for beneficiaries who may file jointly, but providing it can help the Tax Department credit the proper account.
Can I allocate payments to more than 16 beneficiaries?
Yes. List additional beneficiaries on another Form IT-205-T or a separate sheet that follows the form’s format.