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Schedule LGT-179 Vermont Land Gains Schedules - Vermont
What Is Schedule LGT-179?
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 LGT-179?
A: LGT-179 refers to the Vermont Land Gains Tax Schedule.
Q: What is the purpose of the Vermont Land Gains Tax Schedule?
A: The Vermont Land Gains Tax Schedule is used to report and calculate tax on gains from the sale of Vermont real property.
Q: Who needs to file the LGT-179?
A: Individuals or entities who have realized a gain from the sale of Vermont real property are required to file the LGT-179.
Q: What is the due date for filing LGT-179?
A: The LGT-179 must be filed on or before April 15th of the year following the year in which the gain was realized.
Q: Are there any exemptions or deductions available?
A: Yes, there are certain exemptions and deductions available, such as the principal residence exemption and the allowable cost of improvements deduction. These can help reduce the taxable gain.
Form Details:
- Released on November 1, 2019;
- The latest edition provided by the Vermont Department of Taxes;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Schedule LGT-179 by clicking the link below or browse more documents and templates provided by the Vermont Department of Taxes.
Download Schedule LGT-179 Vermont Land Gains Schedules - Vermont
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