Form In-111 - Schedule In-153 - Capital Gain Exclusion Calculation - 2017

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*171531100*

Capital Gain Exclusion

2017

SCHEDULE

153

IN-

Calculation

VERMONT

* 1 7 1 5 3 1 1 0 0 *

INCLUDE WITH FORM IN-111

PRINT in BLUE or BLACK INK

Taxpayer’s Last Name

First Name

Initial

Taxpayer’s Social Security Number

PART I.

FLAT EXCLUSION

.0 0

Enter smaller of Line 15 or 16 from Federal Form 1040, Schedule D. . . . . . . . . . . . . . . . . . . . . . . . . 1. _________________________________

Enter amount from:

.0 0

2a. Federal Form 1040, Schedule D, Line 18 . . . . . . . . . 2a. ________________________________

.0 0

2b. Federal Form 1040, Schedule D, Line 19 . . . . . . . . . 2b. ________________________________

.0 0

Add Lines 2a and 2b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. _________________________________

.0 0

Subtract Line 3 from Line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. _________________________________

If you filed Federal Form 4952, complete Lines 5 through 7

Enter amount from:

.0 0

5a. Federal Form 4952, Line 4g . . . . . . . . . . . . . . . . . . . 5a. ________________________________

.0 0

5b. Federal Form 4952, Line 4e . . . . . . . . . . . . . . . . . . . 5b. ________________________________

.0 0

5c. Multiply Line 5a by Line 5b and enter result here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5c. _________________________________

.0 0

5d. Federal Form 4952, Line 4b. . . . . . . . . . . . . . . . . . . . 5d. ________________________________

.0 0

5e. Federal Form 4952, Line 4e . . . . . . . . . . . . . . . . . . . 5e. ________________________________

.0 0

Add Lines 5d and 5e; enter result here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. _________________________________

.0 0

Divide Line 5c by Line 6; enter result here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. _________________________________

.0 0

Subtract Line 7 from Line 4. Entry cannot be less than zero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. _________________________________

.0 0

Enter the smaller of Line 8 or $5,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9. _________________________________

(continued on next page)

Schedule IN-153

Page 1 of 2

5454

Rev. 10/17