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The distributable net income (DNI) percentage is used to determine the New York fiduciary adjustment for each beneficiary and is calculated on Form IT-205, Schedule C, column 4. The percentage is calculated by taking the beneficiary's portion of distributable net income divided by the amount on federal Form 1041, Schedule B, line 7. To calculate the beneficiary's portion of distributable net income, add lines 8 and 14b on the beneficiary's federal Schedule K-1.
Related topic: 1041 New York frequently asked questions
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