This is a legal form that was released by the Vermont Department of Taxes - a government authority operating within Vermont. Check the official instructions before completing and submitting the form.
Q: What is the VT Form LGT-177?
A: The VT Form LGT-177 is the Vermont Land Gains Withholding Tax Return.
Q: What is the purpose of the Vermont Land Gains Withholding Tax Return?
A: The purpose of the Vermont Land Gains Withholding Tax Return is to report and pay withholding tax on gains from the sale of Vermont real property by nonresidents.
Q: Who needs to file the VT Form LGT-177?
A: Nonresidents who have made a gain from the sale of Vermont real property need to file the VT Form LGT-177.
Q: What information do I need to provide on the VT Form LGT-177?
A: You need to provide details about the real property sold, the purchase price, the amount of gain, and other relevant information.
Q: When is the due date for filing the VT Form LGT-177?
A: The due date for filing the VT Form LGT-177 is typically April 15th of the year following the sale of the property.
Q: Are there any penalties for late filing or noncompliance?
A: Yes, there can be penalties for late filing or noncompliance with the Vermont Land Gains Withholding Tax requirements. It is important to file the form on time and accurately to avoid penalties.
Form Details:
Download a fillable version of VT Form LGT-177 by clicking the link below or browse more documents and templates provided by the Vermont Department of Taxes.