Schedule In-153 - Vt Capital Gains Exclusion - 2012 Page 4
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Schedule IN-153, page 2 of 2
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PART II Percentage Exclusion
(Use this section only if you have eligible gains. See Technical Bulletin 60 for more information.)
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0 0
10. Enter the amount from Part I, Line 4 . . . . . . . . . . . . . . . . . . 10.
11. Enter amount of adjusted net capital gain from the sale
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0 0
of assets held for three years or less . . . . . . . . . . . . . . . . . . 11.
12. Assets held for more than three years. Subtract Line 11
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0 0
from Line 10. Entry cannot be less than zero. . . . . . . . . . . 12.
Enter the amount of net adjusted capital gain from the sale of the following assets held for more than three years
Check to
13a. Real estate or portion of real estate used
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ç indicate
0 0
loss
as a primary or nonprimary home . . . . .
13a.
Check to
13b. Depreciable personal property (except
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ç indicate
0 0
loss
for farm property or standing timber) .
13b.
13c. Stocks or bonds publicly traded or
traded on an exchange or any other
Check to
financial instruments. (See instructions
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ç indicate
0 0
loss
for informaton on a negative.) . . . . . . . .
13c.
Check to
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ç indicate
0 0
loss
14. Add Lines 13a through 13c . . . . . . . . . . . . . .
14.
15. Subtract Line 14 from Line 12; enter result here.
This is the amount of net adjusted capital gain eligible
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for exclusion. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.
Line 16 Federal Form 4952 information. If no investment interest expense for ineligible assets reported on Federal Form 4952, enter Line 7
from Part I of this form. Otherwise, you may need to recompute Federal Form 4952 to reflect only investment interest income for assets eligible
for the capital gain exclusion.
16. Enter amount from Part I, Line 7 or recomputed
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0 0
Federal Form 4952. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.
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17. Subtract Line 16 from Line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.
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18. Multiply Line 17 by 40%; enter result here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.
PART III Capital Gain Exclusion
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19. Enter the greater of Line 9 or Line 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.
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20. Multiply ______________________________ x 40%; enter result here . . . . . . . . . . . . . . . . . . . . . . . . 20.
Federal Taxable Income from Form IN-111, Line 11
21. Enter the smaller of Line 19 or Line 20. This is your capital gain exclusion.
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Enter on Form IN-111, Line 14b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.
Schedule IN-153
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