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This article applies to:

  • Product: GoSystem Tax RS
  • Return type: 1120 Corporation
  • State: Vermont
  • Subject: Print requirements

Form BI-472 print requirements

To print, and calculate Vermont Form BI-472, Business Income Tax Return Schedule K-1VT:
  1. Go to
    Organizer
    , select
    States
    ,
    Common State
    ,
    Print Options
    ,
    Print Suppression
    ,
    Suppression SC Cities
     tab.
  2. Make sure
    Vermont forms
     are unchecked.
  3. Go to
    Organizer
    ,
    General Information
    ,
    Basic Return Information
    ,
    Entity Information
     tab, section
    Return / Entity Type
    , return type must be
    1120S - S Corporation
    .
  4. Go to
    Organizer
    , select
    States
    ,
    Common State
    ,
    General Information
    ,
    Basic Return Information - S Corp
    ,
    Filling Status
     tab, in
    Column G
     make sure
    Composite Return
     is unchecked for
    Vermont
    .
  5. Go to
    Organizer
    , select
    States
    ,
    Vermont
    ,
    General Information
    , make sure
    Check if any shareholders are nonresidents of Vermont during this reporting period
     is selected as
    Yes
    .
  6. Do a full recompute and create a new print.

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