K-1VT: Shareholder, Partner, or Member Information (2025)
Vermont · Vermont Department of Taxes · Used for tax years 2025
The 2025 Vermont Schedule K-1VT reports a shareholder’s, partner’s, or member’s share of pass-through entity income, Vermont adjustments, and other tax information. It includes ownership percentages, Vermont tax withheld or paid on the owner’s behalf, and applicable apportionment
Who files this form
The 2025 Schedule K-1VT is marked required and must be included with Form BI-471. It reports Vermont shareholder, partner, or member information for a pass-through entity.
What you'll need
Have the information needed for the required header entries, including:
- The entity name as shown on Form BI-471, its FEIN, and its fiscal year ending date.
- The shareholder’s, partner’s, or member’s name, address, FEIN or Social Security number, residency status, and recipient type.
The schedule also asks for ownership and distributive share percentages, income, Vermont adjustments, and applicable withholding and other amounts.
Include statements when reporting other additions on line 9, other subtractions on line 10, other income or loss on line 22, or other expense deductions on line 24.
How to file
Include Schedule K-1VT with Form BI-471. The supplied form does not provide a mailing address or e-filing directions.
Common mistakes
- Leaving out the schedule: The form says it is required and must be included with Form BI-471.
- Skipping required header entries: The header is labeled “Required Entries.” Use the same entity name as on Form BI-471 and enter the fiscal year ending date in YYYYMMDD format.
- Entering cents: The form directs you to enter all amounts in whole dollars.
- Omitting supporting statements: Lines 9, 10, 22, and 24 specifically call for a statement.
Questions people ask
What do columns A and B represent?
Column A is labeled “Everywhere,” and column B is labeled “Vermont.”
Where do I report Vermont tax withheld for an owner?
Line 29 reports Vermont income tax withheld on behalf of the owner. Line 30 reports Vermont income tax withheld by a lower-tier pass-through entity. Line 31 reports total Vermont annual real estate withholding payments withheld on behalf of the owner.
Where does composite income tax appear?
Line 7 asks whether the entity paid tax on this income as part of a composite return. Line 32 reports total Vermont composite income tax paid on behalf of the owner.
Who are the SALT add-back lines for?
Lines 11a and 11b are labeled for trust, corporate, and pass-through partners only.
Who completes the apportionment factor sections?
Parts V and VI are labeled for corporate and pass-through entity owners. They report the owner’s distributive share of gross receipts, payroll, and property.