Vermont Form Bi 472 – Fill Out and Use This PDF

The Vermont BI-472 form, known as the Vermont Non-Composite Schedule, is a critical document for entities operating within the state. This form is used to report ordinary business income, net rental real estate income, and various other types of income, alongside deductions such as the Section 179 Deduction. For a detailed guide on how to accurately complete this form and ensure compliance with Vermont's tax regulations, click the button below.

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Vermont Form Bi 472 PDF Details

Understanding the Vermont BI-472 form is crucial for entities operating within the state, as this document plays a pivotal role in the filing of state taxes, particularly for businesses structured as S corporations or partnerships. This form, attached to Form BI-471, is designed to capture and report specific financial activities and calculate the amount of income apportioned to Vermont. It includes fields for reporting ordinary business income, net rental real estate income, other net rental income, guaranteed payments, and various types of gains and losses, such as those from capital assets or Section 1231 transactions. Additionally, it outlines deductions, like the Section 179 deduction, and computes the apportionable income after adjustments. Importantly, the form also guides entities through calculating their Vermont business income, taking into account both directly allocable income generated within the state and that distributed by other entities via Schedule K-1VT. Not only does it help determine the total Vermont net income and the share of income passed through to nonresidents, but it also calculates the nonresident estimated payment requirement, ensuring compliance with state tax laws and aiding in the accurate and efficient disbursement of tax liabilities.

Question	Answer
Form Name	Vermont Form Bi 472
Form Length	1 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	15 sec
Other names	K-1s, 1120S, BA-402, BI-471

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			Vermont Non-Composite			184721100



			Schedule BI-472			* 1 8 4 7 2 1 1 0 0 *
						* 1 8 4 7 2 1 1 0 0 *
PRINT in BLUE or BLACK INK								ATTACH TO FORM BI-471


	Entity Name (same as on Form BI-471)				Fiscal Year Ending (YYYYMMDD)				FEIN


Place an “X” in the box left of the line number to indicate a loss amount.								Enter all amounts in whole dollars.
1.		Ordinary Business Income (federal Form 1120S, Line 21 or
1.		Ordinary Business Income (federal Form 1120S, Line 21 or		Check to
		federal Form 1065, Line 22)		Check to		1
		federal Form 1065, Line 22)		ç indicate		1	.00
2.		Net Rental Real Estate Income (federal Form 1120S, Schedule K, Line 2, or		loss			.00
				Check to		2
				Check to
		federal Form 1065, Schedule K , Line 2)		ç indicate			.00
3.		Other Net Rental Income (federal Form 1120S, Schedule K, Line 3c, or		loss			.00
				Check to		3
				Check to
		federal Form 1065, Schedule K, Line 3c)		ç indicate			.00
				loss			.00
4.		Guaranteed Payments (Partnership only - federal Form 1065, Schedule K, Line 4)				4	.00
5.		Net short term and long term capital gains or losses. (federal Form 1120S,					.00
5.				Check to
		Schedule K, Lines 7 and 8a, or federal Form 1065, Schedule K, Lines 8 and 9a.). . .		Check to		5
				ç indicate		5	.00
6.		Net section 1231 gain or loss. (federal Form 1120S, Schedule K, Line 9, or		loss			.00
6.						Check to
		federal 1065, Schedule K Line 10)				Check to	6
		federal 1065, Schedule K Line 10)				ç indicate	6			.00
7.		Other income or loss. (federal Form 1120S, Schedule K, Line 10, or				loss				.00
7.						Check to	7
		federal Form 1065, Schedule K, Line 11.)				ç indicate	7			.00
8.		Section 179 Deduction (federal Form 1120S, Schedule K, Line 11 or				loss				.00
8.
		Federal Form 1065, Schedule K, Line 12)					8			.00
										.00
9.		Apportionable income (Add Lines 1-7, then subtract Line 8)				Check to	9
9.		Apportionable income (Add Lines 1-7, then subtract Line 8)				ç indicate	9			.00
						loss				.00
10.		Apportionment percentage (From Schedule BA-402, or 100%)					10				%
											%
11.		Business Income Apportioned to Vermont (Multiply Line 9 by Line 10)				Check to	11
11.						ç indicate	11			.00
12.		Income directly allocable to Vermont generated by this entity				loss				.00
12.
		(Capital gain on real estate and physical assets located in Vermont, royalties on
		property located in Vermont, etc.)		Check to		12
		property located in Vermont, etc.)		ç indicate		12	.00
13.		Vermont business income distributed to this entity by a		loss			.00
				Check to

		different entity via Schedule K-1VT				13
		different entity via Schedule K-1VT		ç indicate		13	.00
14.		Vermont sourced capital gain distributed to this entity via		loss			.00
				Check to

		Schedule K-1VT				14
		Schedule K-1VT		ç indicate		14	.00
15.		Other Vermont sourced income distributed to this entity by a		loss			.00
				Check to

		different entity via Schedule K-1VT				15
		different entity via Schedule K-1VT		ç indicate		15	.00
				loss		Check to	.00

16.		Total Vermont Net Income (Add Lines 11 through 15)					16
16.		Total Vermont Net Income (Add Lines 11 through 15)				ç indicate	16			.00
						loss				.00
17.		Percentage of income from Line 16 passed through to nonresidents					17				%
							17

18.		Total income passed through to nonresidents (Multiply Line 16 by Line 17)				Check to
18.						ç indicate	18			.00
						loss				.00
19.		Nonresident estimated payment requirement (Multiply Line 18 by 6.6%)					19			.00
							19

5454		Schedule BI-472
5454	Page 1 of 1	Rev. 10/18

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Fill in the Apportionable income Add Lines, Check to ç indicate loss, Apportionment percentage From, Business Income Apportioned to, Check to ç indicate loss, Income directly allocable to, Vermont business income, different entity via Schedule KVT, Vermont sourced capital gain, Schedule KVT, Other Vermont sourced income, different entity via Schedule KVT, Check to ç indicate loss, Check to ç indicate loss, and Check to ç indicate loss areas with any content that are demanded by the software.

1120S Apportionable income Add Lines, Check to ç indicate loss, Apportionment percentage From, Business Income Apportioned to, Check to ç indicate loss, Income directly allocable to, Vermont business income, different entity via Schedule KVT, Vermont sourced capital gain, Schedule KVT, Other Vermont sourced income, different entity via Schedule KVT, Check to ç indicate loss, Check to ç indicate loss, and Check to ç indicate loss blanks to fill

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Vermont Form Bi 472 – Fill Out and Use This PDF

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