BA-402: Apportionment & Allocation Schedule (2024)
Vermont · Vermont Department of Taxes · Used for tax years 2024
Vermont Schedule BA-402 reports non-apportionable income, foreign dividends, and sales and receipts for Vermont and everywhere. It calculates the Vermont sales and receipts factor for Form CO-411 and collects salaries, wages, and property amounts for informational purposes.
What you'll need
Have the following information and supporting documents ready:
- Entity name, FEIN, and fiscal year ending date in YYYYMMDD format.
- Everywhere and Vermont amounts for the income, sales, receipts, wages, and property items listed on the schedule.
- A detailed supporting statement for other apportionable income reported on Line 12.
- A schedule for other assets reported on Line 20.
- Annual rent amounts for rented real and personal property reported on Line 21.
How to file
Include the 2024 Schedule BA-402 with Form CO-411. Enter the Vermont Sales and Receipts factor from Schedule BA-402, Line 14, on Form CO-411, Line 6.
The supplied form does not provide a mailing address or e-filing instructions.
Common mistakes
- Enter amounts in whole dollars, as directed on the form.
- Use the same entity name as on Form CO-411 for page 1. Page 2 specifies the same name as on Form CO-411 or Form BI-471.
- Attach a detailed supporting statement for other apportionable income on Line 12 and a schedule for other assets on Line 20.
- Carry the Line 14 percentage out to the sixth decimal place.
- For rented real and personal property on Line 21, multiply annual rent by 8.
Questions people ask
What do Columns A and B represent?
Column A is for Everywhere amounts. Column B is for Vermont amounts.
How do I calculate the Vermont Sales and Receipts factor?
Add Lines 3 through 12 in each column to calculate Lines 13A and 13B. Divide Line 13B by Line 13A, multiply by 100, and carry the percentage out to the sixth decimal place. Enter it on Line 14 and on Form CO-411, Line 6.
Are the salaries, wages, and property sections informational?
Yes. Section B, Salaries and Wages Factor, and Section C, Property Factor, are labeled for informational purposes only.
What property values does Section C ask for?
Section C specifies average value during the year. Lines 17 and 18 specify original cost for buildings and other depreciable assets, and for depletable assets. Line 21 directs you to multiply annual rent by 8 for rented real and personal property.