Schedule Fi-162 - Vermont Capital Gains Exclusion Calculation For Estates Or Trusts - 2012 Page 3
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SChEdULE
Capital Gains Exclusion
Attach to Form FI-161
FI-162
Calculation for Estates or Trusts
VERMONT
PRINT in BLUE or BLACK INK
Name of Estate or Trust
Employer Identification Number
PART I
Flat Exclusion
1. Enter smaller of Line 14a(2) or 15(2) from Federal Form 1041, Schedule D. . . . . . . . . . . . . . . . . . . . . . . .1._____________________________
2. Enter amount from:
2a. Federal Form 1041, Schedule D, Line 14b(2) . . . . . . .2a.________________________________
2b. Federal Form 1041, Schedule D, Line 14c(2) . . . . . . . 2b.________________________________
3. Add Lines 2a and 2b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3._____________________________
4. Subtract Line 3 from Line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4._____________________________
If you filed Federal Form 4952, complete Lines 5 through 7
5. Enter amount from:
5a. Federal Form 4952, Line 4g . . . . . . . . . . . . . . . . . . . . .5a.________________________________
5b. Federal Form 4952, Line 4e . . . . . . . . . . . . . . . . . . . . 5b.________________________________
5c. Multiply Line 5a by Line 5b and enter result here. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5c._____________________________
5d. Federal Form 4952, Line 4b . . . . . . . . . . . . . . . . . . . . 5d.________________________________
5e. Federal Form 4952, Line 4e . . . . . . . . . . . . . . . . . . . . .5e.________________________________
6. Add Lines 5d and 5e; enter result here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6._____________________________
7. Divide Line 5c by Line 6; enter result here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7._____________________________
8. Subtract Line 7 from Line 4. Entry cannot be less than zero. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8._____________________________
9. Enter the smaller of Line 8 or $5,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9._____________________________
continued on back
Schedule FI-162
Rev. 12/12
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