Schedule K-1VT Vermont Shareholder, Partner, or Member Information - Vermont

What Is Schedule K-1VT?

This is a legal form that was released by the Vermont Department of Taxes - a government authority operating within Vermont. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Schedule K-1VT?
A: Schedule K-1VT is a form used to report shareholder, partner or member information for individuals or entities who have income or losses from Vermont sources.

Q: Who needs to file Schedule K-1VT?
A: Individuals or entities who are shareholders, partners or members of entities that have income or losses from Vermont sources need to file Schedule K-1VT.

Q: What information is required on Schedule K-1VT?
A: Schedule K-1VT requires the taxpayer's name, address, federal identification number, and the amount of Vermont income or loss.

Q: When is Schedule K-1VT due?
A: Schedule K-1VT is due on the same date as the entity's Vermont income tax return, usually April 15th.

Q: Can Schedule K-1VT be e-filed?
A: Yes, Schedule K-1VT can be e-filed along with the entity's Vermont income tax return.

Q: What happens if I don't file Schedule K-1VT?
A: Failure to file Schedule K-1VT may result in penalties and interest.

Q: Is Schedule K-1VT required for non-residents of Vermont?
A: Yes, if the non-resident has income or losses from Vermont sources, they are required to file Schedule K-1VT.