Schedule IN-153 Capital Gain Exclusion Calculation - Vermont

What Is Schedule IN-153?

This is a legal form that was released by the Vermont Department of Taxes - a government authority operating within Vermont. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Schedule IN-153?
A: Schedule IN-153 is a form used in Vermont to calculate the capital gain exclusion.

Q: What is a capital gain exclusion?
A: A capital gain exclusion is a tax benefit that allows individuals to exclude a portion of their capital gains from taxation.

Q: Who is eligible for the capital gain exclusion in Vermont?
A: In Vermont, individuals who meet certain criteria, such as owning and occupying a primary residence, may be eligible for the capital gain exclusion.

Q: How do I calculate the capital gain exclusion on Schedule IN-153?
A: To calculate the capital gain exclusion on Schedule IN-153, you will need to follow the instructions on the form, which will guide you through the necessary calculations.

Q: What should I do if I need help completing Schedule IN-153?
A: If you need assistance with completing Schedule IN-153 or have questions about the capital gain exclusion, it is recommended to consult a tax professional or contact the Vermont Department of Taxes for guidance.