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Schedule FI-162, page 2 of 2

Name of Estate or Trust

Employer Identification Number

PART II Percentage Exclusion

(

Use this section only if you have eligible gains - See Technical Bulletin 60 for more information)

10. Enter the amount from Part I, Line 4 . . . . . . . . . . . . . . . . . . . .10.________________________________

11. Enter amount of adjusted net capital gain from the sale

of assets held for three years or less and any qualified

dividends included in Line 1 . . . . . . . . . . . . . . . . . . . . . . . . . .11.________________________________

12. Assets held for more than three years. Subtract Line 11

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

13a. Real estate or portion of real estate used as a

primary or nonprimary home . . . . . . . . . . . . . . . . . . . .13a.________________________________

13b. Depreciable personal property (except for

farm property or standing timber) . . . . . . . . . . . . . . . 13b.________________________________

13c. Stocks or bonds publicly traded or traded on an

exchange or any other financial instruments (see

instructions for information on a negative) . . . . . . . .13c.________________________________

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 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

Federal Form 4952. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16.________________________________

17. Subtract Line 16 from Line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17. _______________________________

18. Multiply Line 17 by 40%; enter result here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18. _______________________________

PART III Capital Gain Exclusion

19. Enter the greater of Line 9 or Line 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. _______________________________

20. Multiply ______________________________ x 40%; enter result here . . . . . . . . . . . . . . . . . . . . . . . . 20. _______________________________

Federal Taxable Income from Form FI-161, Line 1

21. Enter the smaller of Line 19 or Line 20. This is the capital gain exclusion.

Enter on Form FI-161, Line 4b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21. _______________________________

Schedule FI-162

Rev. 12/12

Schedule Fi-162 - Vermont Capital Gains Exclusion Calculation For Estates Or Trusts - 2012 Page 4

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