Instructions for VT Form LGT-179 Vermont Land Gains Schedules - Vermont

This document contains official instructions for VT Form LGT-179 , Vermont Land Gains Schedules - a form released and collected by the Vermont Department of Taxes.

FAQ

Q: What is VT Form LGT-179?
A: VT Form LGT-179 is the Vermont Land Gains Schedules form.

Q: What are the Vermont Land Gains Schedules used for?
A: The Vermont Land Gains Schedules are used to report the gains or losses from the sale or transfer of real property in Vermont.

Q: Who needs to file VT Form LGT-179?
A: Anyone who has made a gain or loss from the sale or transfer of real property in Vermont needs to file VT Form LGT-179.

Q: What information is needed to complete VT Form LGT-179?
A: To complete VT Form LGT-179, you will need information such as the date of sale or transfer, description of the property, and the amount of gain or loss.

Q: When is the deadline to file VT Form LGT-179?
A: The deadline to file VT Form LGT-179 is usually April 15th of the year following the sale or transfer of the property, or within 30 days of the transaction if it occurred after April 15th.

Q: Are there any penalties for not filing VT Form LGT-179?
A: Yes, there can be penalties for not filing VT Form LGT-179, such as late filing penalties and interest on any unpaid taxes.

Q: Can I e-file VT Form LGT-179?
A: No, VT Form LGT-179 cannot be e-filed at this time. It must be filed by mail or delivered in person to the Vermont Department of Taxes.

Q: Is there a fee to file VT Form LGT-179?
A: There is no fee to file VT Form LGT-179.