Schedule Fit-162 - Vermont Capital Gains Exclusion Calculation For Estates Or Trusts - 2015

Download a blank fillable Schedule Fit-162 - Vermont Capital Gains Exclusion Calculation For Estates Or Trusts - 2015 in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Schedule Fit-162 - Vermont Capital Gains Exclusion Calculation For Estates Or Trusts - 2015 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

Vermont Department of Taxes

PO Box 1700 Montpelier, VT 05601-1700

*151621100*

Phone: (802) 828-6820

2015 CAPITAL GAINS EXCLUSION

VT Schedule

* 1 5 1 6 2 1 1 0 0 *

FIT-162

CALCULATION FOR ESTATES OR TRUSTS

Attach to Form FIT-161

PRINT in BLUE or BLACK INK

Name of Estate or Trust

Federal ID Number

PART I

Flat Exclusion

1. Enter smaller of Line 18a(2) or 19(2) from Federal Form 1041, Schedule D. . . . . . . . . . . . . . . . . . . . . . . .1._____________________________

2. Enter amount from:

2a. Federal Form 1041, Schedule D, Line 18b(2) . . . . . . .2a.________________________________

2b. Federal Form 1041, Schedule D, Line 18c(2) . . . . . . . 2b.________________________________

3. Add Lines 2a and 2b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3._____________________________

4. Subtract Line 3 from Line 1. Entry cannot be less than zero. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4._____________________________

If you filed Federal Form 4952, complete Lines 5 through 7

5. Enter amount from:

5a. Federal Form 4952, Line 4g . . . . . . . . . . . . . . . . . . . . .5a.________________________________

5b. Federal Form 4952, Line 4e . . . . . . . . . . . . . . . . . . . . 5b.________________________________

5c. Multiply Line 5a by Line 5b and enter result here. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5c._____________________________

5d. Federal Form 4952, Line 4b . . . . . . . . . . . . . . . . . . . . 5d.________________________________

5e. Federal Form 4952, Line 4e . . . . . . . . . . . . . . . . . . . . .5e.________________________________

6. Add Lines 5d and 5e; enter result here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6._____________________________

7. Divide Line 5c by Line 6; enter result here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7._____________________________

8. Subtract Line 7 from Line 4. Entry cannot be less than zero. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8._____________________________

9. Enter the smaller of Line 8 or $5,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9._____________________________

continued on back

Schedule FIT-162

Page 1 of 2

Rev. 10/15

Save and go to

Clear ALL fields

Save and Print

Important Printing Instructions