This version of the form is not currently in use and is provided for reference only. Download this version of Schedule FIT-162 for the current year.
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.
Q: What is FIT-162?
A: FIT-162 is a schedule that is used to calculate the Capital Gains Exclusion for Estates or Trusts in Vermont.
Q: Who needs to file FIT-162?
A: Estates or Trusts in Vermont that have capital gains need to file FIT-162.
Q: What is the Capital Gains Exclusion?
A: The Capital Gains Exclusion is a deduction that can be claimed on certain capital gains to reduce the taxable income.
Q: How do I calculate the Capital Gains Exclusion?
A: You can calculate the Capital Gains Exclusion using the instructions provided with the FIT-162 schedule.
Q: Is there a deadline to file FIT-162?
A: The deadline to file FIT-162 is the same as the deadline for filing the estate or trust income tax return, which is typically April 15th.
Form Details:
Download a fillable version of Schedule FIT-162 by clicking the link below or browse more documents and templates provided by the Vermont Department of Taxes.