Schedule In-153 - Vt Capital Gains Exclusion - 2012 Page 3
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4*121531199*
Capital Gain Exclusion
2012
SCHEDULE
153
IN-
Calculation
VERMONT
* 1 2 1 5 3 1 1 9 9 *
ATTACH TO FORM IN-111
PRINT in BLUE or BLACK INK
Taxpayer’s Social Security Number
Taxpayer’s Last Name
First Name
Initial
-
-
PART I
Flat Exclusion
.
0 0
1.
Enter smaller of Line 15 or 16 from Federal Form 1040, Schedule D. . . . . . . . . . . . . . . . . . . . . . . . . 1.
2.
Enter amount from:
.
0 0
2a. Federal Form 1040, Schedule D, Line 18 . . . . . . . . . 2a.
.
0 0
2b. Federal Form 1040, Schedule D, Line 19 . . . . . . . . . 2b.
.
0 0
3.
Add Lines 2a and 2b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.
.
0 0
4.
Subtract Line 3 from Line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.
If you filed Federal Form 4952, complete Lines 5 through 7
5.
Enter amount from:
.
0 0
5a. Federal Form 4952, Line 4g . . . . . . . . . . . . . . . . . . . 5a.
.
0 0
5b. Federal Form 4952, Line 4e . . . . . . . . . . . . . . . . . . . 5b.
.
0 0
5c. Multiply Line 5a by Line 5b and enter result here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5c.
.
0 0
5d. Federal Form 4952, Line 4b. . . . . . . . . . . . . . . . . . . . 5d.
.
0 0
5e. Federal Form 4952, Line 4e . . . . . . . . . . . . . . . . . . . 5e.
.
0 0
6.
Add Lines 5d and 5e; enter result here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.
.
0 0
7.
Divide Line 5c by Line 6; enter result here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.
.
0 0
8.
Subtract Line 7 from Line 4. Entry cannot be less than zero. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.
.
0 0
9.
Enter the smaller of Line 8 or $5,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.
continued on back
Schedule IN-153
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