BA-406: Credit Allocation Schedule (2025)
Vermont · Vermont Department of Taxes · Used for tax years 2025
Vermont Schedule BA-406 reports credits allocated to a shareholder, partner, or member for 2025. It lists amounts by credit type and totals the credits for that owner. Include it with Form BI-471 or Form BI-476.
Who files this form
Schedule BA-406 reports Vermont credits allocated to a shareholder, partner, or member. The 2025 schedule must be included with Form BI-471 or Form BI-476.
What you'll need
Have Form BI-471 or Form BI-476 and the following information ready:
- The entity name exactly as it appears on that form, its FEIN, and its fiscal year ending date.
- The shareholder’s, partner’s, or member’s individual or entity name and Social Security number or FEIN, as applicable.
- The recipient’s entity type code. BA-406 lists I, C, S, L, P, or T and refers to the instructions for guidance.
- The credit amounts to enter on lines 1 through 9.
How to file
Include the completed 2025 Schedule BA-406 with Form BI-471 or Form BI-476.
Print in blue or black ink and enter all amounts in whole dollars. Enter the fiscal year ending date in YYYYMMDD format. Add lines 1 through 9 and enter the total on line 10.
The supplied form does not give a mailing address or e-filing instructions.
Common mistakes
- Do not enter cents. The form requires whole-dollar amounts.
- Use blue or black ink.
- Make sure the entity name matches Form BI-471 or Form BI-476.
- Add all amounts on lines 1 through 9 when completing line 10.
- Remember to include BA-406 with Form BI-471 or Form BI-476.
Questions people ask
Which credits are listed on the 2025 schedule?
Lines 1 through 9 list Research and Development, Charitable Housing, Affordable Housing, Qualified Sale of Mobile Home Park, Code Improvement, Historic Rehabilitation, Facade Improvement, Investment Tax Credit - Solar Energy, and Investment Tax Credit - Other.
What goes on line 10?
Enter the total credits for the shareholder, partner, or member by adding lines 1 through 9.
How should I enter the fiscal year ending date?
Use YYYYMMDD format: four digits for the year, two for the month, and two for the day.
Do I submit BA-406 by itself?
No. The form says to include it with Form BI-471 or Form BI-476.