Vermont Department of Taxes 

            2023 Schedule FIT-166                                                                              *231661100*

     Vermont Income Adjustments and                                                                            *231661100*
                                                                                                                                                                                                                                                        Page 3
     Tax Computations for Fiduciaries                                                                                      Attach to Form FIT-161

                             Name of Estate or Trust                                                                     FEIN                                                 Tax Year End Date (MMDDYYYY)
  123456789012345678901234567890123456      123456789        MM /       /       DD //                                                                                                         YYYY

PART I        Taxable Municipal Bond Income

 1.  Total interest and dividend income from all state and local obligations exempt from 
                                                          12345678901234federal tax (See Line-by-Line Instructions)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1..   ______________________.00

                                                          12345678901234  2. Interest and dividend income from Vermont state and local obligations included in Line 1  . . . . . . . . . . . . . 2..   ______________________                        .00
  3. Income from non-Vermont state and local obligations to be added to Vermont taxable income . 
                                                          12345678901234(Subtract Line 2 from Line 1, but not less than zero .)  Enter here and on Form FIT-161, Line 2a  . . . . . . . . 3..   ______________________                               .00

                                                                X 4. If all municipal bond income wasdistributed, check here so that it does not get added back on Form FIT-161, Line 2a .

                                                                                                                                                                                                                                                        FORM  (Place at FIRST page)
PART II       ADDITIONS AND SUBTRACTIONS TO TAX                                                                                                                                                                                                         Form pages 
1.   Additions to Vermont Tax
     1a. Tax on lump-sum distributions  
                                       12345678901234 (from federal Forms 4972 and 5329)  . . . . . . . . . . . . . . . . . . . . . 1a..  ______________________.00
     1b. Recapture of federal investment credit 
                                       12345678901234 (from federal Form 4255)   . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1b.  ______________________.00                                                                                3 - 4
 1c. Total additions (Add Lines 1a and 1b; then, multiply by 24%) .   
                                                          12345678901234Enter here and on Form FIT-161, Line 7  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1c..  ______________________.00

2    Subtractions from Vermont tax
     2a. Investment tax credit - Vermont-based only 
                                       12345678901234 (from federal Form 3468)   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a..  ______________________.00

                                       12345678901234   2b. Multiply Line 2a by 24%  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2b.  ______________________.00

                                       123456789012342c. Research & Development Credit, 32 V .S .A . § 5930d  . . . . . . .2c..  .  ______________________.00

                                       12345678901234  2d. Charitable Housing Credit, 32 V .S .A § 5830c  . . . . . . . . . . . . .2d..   ______________________.00
 2e. Total subtractions from Vermont tax (Add Lines 2b, 2c, and 2d) 
                                                          12345678901234Enter here and on Form FIT-161, Line 8  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2e..  ______________________.00

                                                                                                                                                                              Schedule FIT-166
                                                                                                                                                                              Page 1 of 2
              5454                                                                                                                                                            Rev. 10/23

                                                                                                                                                *231661200*
                                                                                                                                                *231661200*
                                                                                                                                                                                                                                                     Page 4
                                  Name of Estate or Trust                                                                                           FEIN                           Tax Year End Date (MMDDYYYY)
  123456789012345678901234567890123456      123456789        MM /       DD /                                                                                                                                                           YYYY

PART III      INCOME ADJUSTMENT CALCULATION 
              Nonresidents and Part-Year Residents must complete this section.

                                        Dates of Vermont residency in 2023                                                                          Name of State(s), Canadian province, or 
  From                                                            To                                                                                country during non-Vermont residency 
           (MMDDYYYY): MM /       DD /      YYYY          (MMDDYYYY):                                                 MM /       DD / YYYY                     (use standard 2-letter abbreviation)                                    12

                                                                                                                      A.                                                                                                  B.
                                                                                                                    Federal Amount $                                               Vermont Portion $

                               1. Interest income  . . . . . . . . . . . . . .  .  .  .  .  .  .  .  . 1A. .  . __________________________. 12345678901234             . .00 1B. __________________________12345678901234                .00

                               2. Total ordinary dividends  .  .  .  .  .  .  .  .  .  .  .  . 2A. .  .  . __________________________12345678901234             .  .  .  . .00 2B. __________________________12345678901234              .00         FORM  (Place atLAST page)
                                                                                                                                                                                                                                                     Form pages 
                               3. Business income (or loss)  . . . . . . . . . . . . . . . . . 3A. . __________________________12345678901234             .00 3B. __________________________12345678901234                               .00

                               4. Capital gain (or loss)  . . . . . . . . . . . . . . . . . . . . . 4A. . __________________________12345678901234             .00 4B. __________________________12345678901234                          .00
  5. Rents, royalties, partnerships, 
     S Corporations, LLCs,                                                                                                                                                                                                                           3 - 4
                              other estates and trusts, etc .   . . . . . . . . . . . . . . . 5A. . __________________________12345678901234             .00 5B. __________________________12345678901234                                .00

                               6. Farm income (or loss)  . . . . . . . . . . . . . . . . . . . . 6A. . __________________________12345678901234             .00 6B. __________________________12345678901234                             .00

                               7. Ordinary gain (or loss)  . . . . . . . . . . . . . . . . . . . 7A. . __________________________12345678901234             .00 7B. __________________________12345678901234                             .00
  8. Other income (Specify type of income)
   123456789012345           ________________________   . . . . . . . . . . . . . 8A. . __________________________12345678901234             .00         8B. __________________________12345678901234                                    .00
  9. Total income  
                              (Add Lines 1 through 8)  . . . . . . . . . . . . . . . . . . 9A. . __________________________12345678901234             .00 9B. __________________________12345678901234                                   .00
 10. Adjustment percentage .  Divide Line 9B by Line 9A .  Express as a percentage, with two digits to the  
                                                               right of the decimal .  Enter here and on Form FIT-161, Line 10 .   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  .  .  .  . 10..  .  _________.  .123 .__________12%

                                                                                                                                                                                   Schedule FIT-166
                                                                                                                                                                                                                         Page 2 of 2
              5454                                                                                                                                                                                                        Rev. 10/23