This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for VT Form LGT-177 for the current year.
This document contains official instructions for VT Form LGT-177 , Vermont Land Gains Withholding Tax Return - a form released and collected by the Vermont Department of Taxes. An up-to-date fillable VT Form LGT-177 is available for download through this link.
Q: What is the VT Form LGT-177?
A: VT Form LGT-177 is the Vermont Land Gains Withholding Tax Return.
Q: What is the purpose of the VT Form LGT-177?
A: The purpose of the VT Form LGT-177 is to report and remit the withholding tax on land gains in Vermont.
Q: Who needs to file the VT Form LGT-177?
A: Anyone who has withheld Vermont income tax from the sale or transfer of Vermont property needs to file the VT Form LGT-177.
Q: What information is required to complete the VT Form LGT-177?
A: To complete the VT Form LGT-177, you will need information about the seller, buyer, property details, and the amount of Vermont income tax withheld.
Q: When is the deadline to file the VT Form LGT-177?
A: The deadline to file the VT Form LGT-177 is generally by the 15th day of the month following the month of the transfer.
Q: What happens if I fail to file the VT Form LGT-177 or pay the withholding tax?
A: Failure to file the VT Form LGT-177 or pay the withholding tax may result in penalties and interest.
Instruction Details:
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