Description of statement by fiduciary.
(d) Description of statement by fiduciary. The schedule filed by the fiduciary as part of the New York State fiduciary return (form IT-205) must set forth the following information:
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(d) Description of statement by fiduciary. The schedule filed by the fiduciary as part of the New York State fiduciary return (form IT-205) must set forth the following information:
(1) a statement that the fiduciary is using an alternate method, prescribed in this section pursuant to subsection (d) of section 619 of the Tax Law, of determining to whom the items of New York State modification comprising the New York fiduciary adjustment must be attributed;
(2) the amount of each modification relating to an item of income, gain, loss or deduction of the estate or trust;
(3) the amount of the New York fiduciary adjustment determined pursuant to section 119.1 of this Part, and of the respective shares therein of the estate or trust and each of its beneficiaries determined pursuant to subdivision (a) or (b) of section 119.2 of this Part;
(4) the application of the method permitted under subsection (d) of section 619 of the Tax Law in accordance with the rules set forth in this section, and the respective shares of the estate or trust and each of its beneficiaries in the New York fiduciary adjustment determined under such method;
(5) a computation showing that the inequity is substantial both in amount and in relation to the amount of the fiduciary adjustment under the rules set forth in subdivision (c) of this section;
(6) the name and address of each beneficiary, if not otherwise set forth in the New York State fiduciary return (form IT-205), who is or would be required to report a share of one or more items of modification, or portion thereof, either pursuant to the method provided for in this section or as a component of the New York fiduciary adjustment allocated pursuant to subdivision (a) or (b) of section 119.2 of this Part;
(7) a statement that each beneficiary, whether or not otherwise identified in the New York State fiduciary return (form IT-205), was furnished with a copy of the schedule filed by the fiduciary pursuant to this section; and
(8) a statement setting forth the provision of the will or trust on which the fiduciary relies for authority for making a special allocation of one or more modifications under this section.