IT-205: Fiduciary Income Tax Return (2025)
New York · NY DTF · Used for tax years 2025
Form IT-205 is New York’s Fiduciary Income Tax Return for estates and trusts. It reports income, deductions, New York fiduciary adjustments, taxes, credits, and payments to determine the refund or amount owed, including applicable New York City and Yonkers taxes.
What you'll need
Have the estate or trust’s identification number, fiduciary contact information, and beneficiary names, addresses, and identifying numbers ready. The form also asks for a list of executors or trustees with their addresses and Social Security numbers or employer identification numbers.
For Schedule A, the form calls for these attachments, as applicable:
- Federal Schedule K-1, Form 1041, for each beneficiary.
- Federal Schedule C, Form 1040, for business income or loss.
- Federal Schedule D, Form 1041, for capital gains or losses.
- Federal Schedule E, Form 1040, for rents, royalties, partnerships, and other estates and trusts.
- Federal Schedule F, Form 1040, for farm income or loss.
- Federal Form 4797 for ordinary gains or losses.
- An additional sheet itemizing other deductions.
- A computation of the estate tax deduction.
- Federal Form 8995 or 8995-A for the qualified business income deduction.
Also submit a schedule for nonrefundable state credits claimed on line 10 and an explanation if filing an amended return.
How to file
- Enter the estate or trust information, entity type, and applicable resident-status boxes. Complete the relevant income, deduction, tax, payment, and adjustment sections.
- Have the fiduciary or officer representing the fiduciary sign and date the return.
- If paying by check or money order, complete Form IT-205-V and mail it with the return.
- To pay by electronic funds withdrawal, mark the box on line 41 and complete lines 71 and 72.
- For a refund, choose direct deposit or paper check on line 39. Complete line 71 for direct deposit.
The form directs filers to the instructions for the mailing address. No mailing address or e-filing directions are printed in the supplied text.
Common mistakes
- Omitting the payment voucher: If paying by check or money order, the form says you must complete Form IT-205-V and mail it with the return.
- Leaving out an amended-return explanation: The amended-return box specifically requires an explanation.
- Entering a negative amount on line 19 or 23: The form says to leave these lines blank if the subtraction result is less than zero.
- Reporting mismatched adjustment totals: The total in Schedule C, column 5, must equal line 70.
- Missing the foreign-account indicator: On line 71, mark the box if payment funds would come from, or a refund would go to, an account outside the United States.
Questions people ask
Can I receive my refund by direct deposit?
Yes. Select direct deposit on line 39 and complete the account information on line 71. The form also offers a paper-check option.
Can I apply an overpayment to next year’s estimated tax?
Yes. Line 40 lets you apply part or all of the overpayment on line 38 to your 2026 estimated tax.
Where do I report estimated tax payments allocated to beneficiaries?
Report them on line 31 using the amount from Form IT-205-T. Line 32 subtracts that amount from the estimated tax paid on line 30.
Which refund amount should I use to check my refund status online?
The form’s tip says to use the refund amount on line 39.
Where does the form direct me for more help?
It refers filers to Form IT-205-I, Instructions for Form IT-205, for assistance and mailing directions.