1vt 2026

1. Click ‘Get Form’ to open the 1vt in the editor.
2. Begin by entering the Entity Name as it appears on Form BI-471. Ensure accuracy for seamless processing.
3. Fill in the Fiscal Year Ending date in the format YYYYMMDD, followed by the FEIN (Federal Employer Identification Number).
4. Complete the header information by providing details for the Shareholder, Partner, or Member, including their Last Name, First Name, and Initial.
5. Input the Social Security Number and select the Recipient Type from options such as I, C, S, L, P, X, or T.
6. Indicate Residency Status by checking either Vermont Resident or Nonresident. If applicable, provide Foreign Country details.
7. Calculate and enter the Percentage of Entity’s income or loss allocated to this recipient with precision up to six decimal places.
8. Answer whether tax was paid on this income as part of a composite return by selecting Yes or No.

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